Zen.com, an international fintech company founded in Poland with a bank in Lithuania and payment companies in the United Kingdom and Singapore, will acquire First Investment Bank (PIN Bank, Pibank), while Asvio Bank will take over the assets and liabilities of Motor Bank, according to the results of open tenders announced by the Deposit Guarantee Fund (DGF) on Wednesday.

"There were 11 interested parties: five banks and six non-bank institutions. Of the six non-banks, two passed preliminary qualification with the National Bank prior to the tender. There were two bids submitted for each bank," said the Fund’s Managing Director Olha Bilai, as reported by an Interfax-Ukraine correspondent.

She said that in the case of Motor Bank, the deal involves the transfer of all liabilities, including those of the eighth priority tier.

As reported, the DGF set the starting price for 100% of the shares of Motor Bank and PIN Bank at UAH 172.68 million and UAH 138.16 million, respectively.

The DGF introduced temporary administration in both Motor Bank and PIN Bank starting February 20, 2026, based on National Bank decisions classifying them as insolvent. Both banks had previously come under state control following rulings by the High Anti-Corruption Court, as sanctions had been imposed on their majority owners.

According to National Bank data at the beginning of this year, Motor Bank ranked 56th (UAH 379.2 million in total assets) among 60 Ukrainian banks, posting a loss of UAH 16.3 million in 2025, while PIN Bank ranked 59th (UAH 212.7 million), with a loss of UAH 63.2 million for the year.

Asvio Bank ranked 38th at the beginning of the year with total assets of UAH 5.5838 billion and reported a net profit of UAH 2.1 million for the previous year.