The Deposit Guarantee Fund sells the assets of Zemelny Capital Bank

Published by
Peter Kavinsky

The Deposit Guarantee Fund (DGF) is putting the claim rights under loan agreements on the balance sheet of the Zemelny Capital bank for sale with an initial lot price of UAH 24.07 million.

According to Ukrinform, this is reported by FGVFL.

“September 5, in the Prozorro.Sales system, an auction will be held for the sale of claim rights on loans from a legal person whose main activity is the production of non-metallic mineral products and receivables. The assets are on the balance sheet sheet of CB Land Capital JSC, which is now being liquidated by the deposits of the Guarantee Fund,” the statement said.

It is noted that the claim rights under three credit agreements are fixed in one lot with an initial price of UAH 24.07 million – this is the total debt under these agreements.

The property includes: non-residential buildings with a total area of ​​9,153.2 m². m and production equipment; production base with a total area of ​​483.1 square meters. m. The objects are located in the Khmelnitsky region.

Bidding is based on the “Dutch” model of the auction. Both legal and natural persons can participate, except the borrower and guarantor of the loan, the Russian Federation or persons associated with the aggressor state.

Also read: Fund guarantees began payment funds contributors mega bank

As reported, Land Capital became the 100th institution to come under the control of the Private Deposit Guarantee Fund as a result of its insolvent recognition on August 11, 2021.

On September 9, 2021, the National Bank took the decision to revoke the banking license and liquidate CB Zemelny Capital JSC.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at

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