Ukreximbbank announced the sale of a package of loan claims against one of Ukraine's car market operators. The first auction is scheduled for June 8, 2026, on the Prozorro.Prodazhi platform, using a Dutch auction format — bidding starts at the maximum price and decreases in steps to the established minimum if there is no demand.
What is being sold and why this is not a routine asset liquidation
The debt concerns companies covering several segments: car imports and distribution, retail sales of new and used vehicles, as well as service and insurance. This is not about a single legal entity, but rather a structured group with diversified business operations.
The collateral is substantial. Among the pledged assets:
- a property complex in the village of Hora, Kyiv region — over 7 hectares of land and nearly 19,000 square meters of buildings, including car dealerships and service centers;
- a customs and cargo complex in Makarivsky district;
- an automobile complex in Kyiv with an area of over 3,300 square meters;
- commercial real estate in Zaporizhzhia and Donetsk.
The last item is a critical detail. The real estate in Donetsk is formally part of the collateral, but is actually inaccessible and uncontrolled. The buyer of the loan claim will receive a legal asset with an uncertain realization timeline.
Why the state bank is doing this now
Ukreximbbank is not selling out of desperation — the bank ended 2025 with net profit of 5.56 billion hryvnias, and its own capital grew to 14.18 billion hryvnias. However, the NBU identified insufficient capital levels at the bank back in 2024 and required it to complete a capitalization program by 2026. Reducing the portfolio of problem loans is a direct tool for fulfilling this program.
"Even before the full-scale war began, Ukreximbbank was among the first state banks to implement a clear regulatory framework for the procedure of debt sales"
Association of Ukrainian Banks
The bank envisioned several stages: the first two auctions use the English scheme (price increases), subsequent ones use the Dutch scheme (price decreases). The fact that this lot goes directly to a Dutch auction indicates that previous attempts either produced no results, or the bank chose a more aggressive pricing approach.
Who is the real buyer
The bank promises due diligence for potential investors. However, the profile of a buyer for such a lot is very specific: they need to understand the car market, be prepared to collect the debt through court proceedings, and — crucially — be tolerant of collateral property in occupied or front-line zones.
This is not a retail investor, and unlikely to be a foreign fund at this stage. The most probable buyers are either players in the car market interested in absorbing a competitor through debt acquisition, or specialized companies managing problem assets that already have experience working with NPLs in Ukraine.
If the lot remains unsold on June 8, the Dutch auction mechanics provide for price reductions in subsequent rounds — and then the question becomes more concrete: at what discount to the face value of the debt is an investor willing to assume the risk of Donetsk real estate?
