The National Bank of Ukraine has authorized the Deposit Guarantee Fund to sell the assets of failed banks that have been pledged as collateral against refinancing loans.

There are plans to sell the property rights worth UAH 878 million arising from  loan agreements entered into between borrowers and  ACTIVE- BANK PJSC, EUROGASBANK JSC, BROKBUSINESSBANK PJSC, and Bank FORUM PJSC/ In particular, the list of property rights approved for sale includes those for which collateral is oil refinery manufacturing facility located in the town of Chuguiev, hotel facility located in the town of Truskavets, and manufactuting facilities located in the city of Kyiv.

Additionally, there are plans to sell the real estate items worth over UAH 620 million.

In 2016, the National Bank of Ukraine expects to recover UAH 12.8 billion in proceeds from the sale of collateral pledged against refinancing loans, including UAH 7.1 billion from property rights for loans and UAH 4 billion in proceeds from the sale of securities and UAH 1.7 billion in proceeds from  the sale of real estate.

In 2015, the NBU received UAH 1.1 billion in proceeds from the sale of failed banks’ assets.