The assets of Zhevago’s Finance and Credit Bank are up for auction again
22 March 07:59
The Deposit Guarantee Fund is putting up for auction on March 27, 2025, the assets of JSC Bank Finance and Credit with collateral real estate in Kyiv and Lviv. This is reported by Komersant ukrainskyi with reference to the DGF.
“On March 27, 2025, the assets of JSC Bank Finance and Credit, which is being liquidated by the Deposit Guarantee Fund, were put up for auction in the Prozorro.Sale system,” the statement said.
The lot includes claims under 10 loan agreements concluded with business entities. Some of the assets are pledged by the National Bank of Ukraine.
The Fund noted that the borrowing companies are not in the process of liquidation and are engaged in the production of pharmaceuticals and materials.
As collateral for fulfillment of obligations to the bank, a single property complex, commercial real estate, land plots, ordinary registered shares and property rights to receive goods were registered. In particular
- a single property complex with an area of 36.8 thousand square meters in Lviv for the production of pharmaceutical products, which includes real estate and movable property, fixed assets
- commercial real estate in the center of Kyiv: premises on Saksahanskogo Street with a total area of about 3 thousand square meters and on Beresteysky (formerly Peremohy) Avenue with a total area of 1.7 thousand square meters
- land plots with a total area of 23.7 hectares in Kyiv region.
The starting price of the lot is UAH 2.4 billion.
Please note that the property put up for sale is not the property pledged as collateral under the loan agreements, but the right to recover the debt or collateral from the debtor in court or out of court.
The auction will be held according to the Dutch auction model. The auction is open to both legal entities and individuals, except for borrowers and guarantors of the loan, as well as persons associated with the aggressor state.
Detailed information about the lot is available here. In addition, detailed information about the assets is available in the public asset passport – by the link
What is known about the bank “Finance and Credit”
The former Finance and Credit Bank, which was liquidated in 2015, is part of the group of oligarch Konstantin Zhevago.
As reported, in November 2024, the Northern Commercial Court of Appeal upheld the decision to seize a number of assets of the former owner of the bankrupt Finance and Credit bank and shareholder of the Ferrexpo group, businessman Kostyantyn Zhevago, at the suit of the Deposit Guarantee Fund.
On September 17, 2015, the National Bank of Ukraine decided to classify Finance and Credit Bank as insolvent.
At the time of this decision, the bank’s shareholder was Konstantin Zhevago, who indirectly owned 97.67% of the shares.
As of December 2, 2024, the total debt of Finance and Credit Bank on all refinancing loans amounted to UAH 5.7 billion.
In 2019, Zhevago was notified of suspicion of possible involvement in the embezzlement of UAH 2.5 billion from Finance and Credit Bank and put on the international wanted list.
At the end of December 2022, Zhevago was detained in Courchevel, France, and placed under arrest while Ukraine’s extradition request was being considered. But a French court released him on bail of €1 million.
The oligarch himself denies all charges against him. Zhevago believes that the case against him is politically motivated and expects it to be closed or sent to court.
What is known about Zhevago’s case
As a reminder, the SAPO notified Zhevago of suspicion in the so-called Knyazev case regarding the judge’s alleged receipt of an undue benefit for a decision in favor of the businessman regarding his purchase of a 40.19% stake in the Poltava Mining and Processing Plant.
The HACC has already begun hearing the Knyazev case on the merits.
Zhevago, according to the investigation, is staying outside Ukraine.
on December 27, 2022, the Ukrainian businessman was detained in the ski resort of Courchevel in the French Alps. Subsequently, a court in France finally refused to extradite Zhevago to Ukraine.
As a reminder, President of Ukraine Volodymyr Zelenskyy signed a decree on National Security and Defense Council sanctions against former President of Ukraine, MP Petro Poroshenko, oligarch Ihor Kolomoisky, his business partner Hennadiy Boholyubov, pro-Russian politician, ex-MP, who is now in Russia, Viktor Medvedchuk, and businessman wanted in the case of Finance and Credit Bank Konstantin Zhevago.
What are the sanctions against Zhevago?
on February 13, the decree imposing the sanctions was officially published. In addition to Poroshenko, the National Security and Defense Council also imposed restrictive measures against Ihor Kolomoisky, Hennadiy Boholyubov, Kostiantyn Zhevago, and Viktor Medvedchuk.
The sanctions against all five are indefinite and identical, and include 17 restrictions:
- deprivation of state awards of Ukraine and other forms of recognition;
- temporary deprivation of the right to use and dispose of assets
- complete cessation of trade operations;
- complete cessation of transit of resources, flights and transportation through the territory of Ukraine;
- preventing the withdrawal of capital from Ukraine;
- suspension of economic and financial obligations;
- prohibition of participation in privatization and lease of state property;
- a ban on the use of the radio frequency spectrum of Ukraine;
- complete termination of electronic communication services and use of electronic communication networks;
- a ban on public and defense procurement of goods, works and services;
- a complete ban on the entry of foreign non-military vessels and warships into the territorial sea of Ukraine, its inland waters, ports and aircraft into the airspace of Ukraine or landing on the territory of Ukraine;
- a ban on increasing the authorized capital of business entities, enterprises in which the sanctioned person owns 10 percent or more of the authorized capital or has influence on the management of the legal entity or its activities;
- introduction of additional measures in the field of environmental, sanitary, phytosanitary and veterinary control;
- termination of trade agreements, joint projects, and industrial programs in certain areas, including security and defense;
- a ban on the transfer of technologies and rights to intellectual property;
- a ban on the acquisition of land plots;
- other sanctions that comply with the principles of their application established by this law (prohibition to enter into contracts and transactions; prohibition to execute transactions with securities issued by this person; prohibition to pay dividends or other payments related to corporate rights (ownership of shares, stocks, units) in favor of the person against whom the sanctions were imposed and persons acting on his behalf).
