Liquidation of JSC "RwS BANK" will start on 5 January and will last for three years

Diana Shevchenko
Diana Shevchenko Journalist
Liquidation of JSC "RwS BANK" will start on 5 January and will last for three years
photo з Facebook
From 5 January 2026, the Deposit Guarantee Fund will start liquidating JSC "RwS Bank". The procedure will last until 4 January 2029, and depositors will be serviced by the transitional UTE Bank.

From 5 January 2026, RVS BANK will officially enter the liquidation phase. The procedure will last for three years and will be completed on 4 January 2029 inclusive. The relevant decision was made by the National Bank of Ukraine on 30 December 2025 and by the Deposit Guarantee Fund on 31 December.

Artyom Karachentsev has been appointed as the bank's liquidator and has been granted the full scope of powers provided for by law, except for certain functions to organise the sale of assets and file claims for damages. Settlements with creditors will be carried out at the expense of funds received from the sale of the bank's property in accordance with the procedure established by law.

All guaranteed liabilities to individual and private entrepreneurs depositors have been transferred to UTU Bank, established by the Fund as part of the resolution plan. The depositors' agreements remain valid and do not need to be renegotiated. Customers can continue to be serviced by the transitional bank or withdraw their funds according to the standard procedure. In the future, UTE Bank is planned to be sold to an investor.

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