PrivatBank has announced the sale of part of its property in Bukovel, which came into the ownership of the financial institution as repayment of problem loans. Two lots were put up for auction, which included land plots, chairlift cableways, commercial premises, as well as the buildings of the Radisson hotel complex and a dormitory.

The bank's press service reported this.

The funds received from the sale of property will be directed toward increasing the bank's financial result and increasing the volume of taxes and dividends paid to the state budget.

Why PrivatBank is selling real estate in Bukovel

The sale of property is part of the strategy of state-owned banks to reduce the volume of non-performing assets and to dispose of property not related to core banking activities.

Within the framework of this strategy and the Problem Asset Management Strategy approved by the Supervisory Board, PrivatBank announced the sale of some of the largest seized property assets received in repayment of problem loans even before nationalization.

The sale takes place in accordance with Article 7−1 of the Law of Ukraine "On Banks and Banking Activity" and the Procedure for Alienation and Transfer to Lease (Hire) of Property of Business Companies in the Authorized Capital of which More Than 50 Percent of Shares (Interests) Belong to the State or Another Legal Entity Whose Sole Participant (Founder) is the State.

When the auction will take place and who will be able to participate

The auction is scheduled for November 26, 2026.

Potential buyers who meet the following criteria will be allowed to participate in it:

  • are not under sanctions;

  • not connected to jurisdictions of unacceptably high risk;

  • have no corruption offenses;

  • not involved in the financing of terrorism or money laundering;

  • not registered in offshore zones with an opaque ownership structure;

  • not belonging to oligarchs or former managers or owners of the bank.

    • What property PrivatBank has put up for sale

    At the auction for the sale of property owned by PrivatBank in Bukovel, 2 lots are being offered, which include:

  • Lot 1 — 34 land plots, 14 suspended passenger cable cars, a pumping station, 2 transformer substations, and 10 separate commercial premises. Starting price — UAH 1.60 billion (excluding VAT);

  • Lot 2 — 2 land plots and the buildings of the Radisson hotel complex and the dormitory hotel complex. Starting price — UAH 1.96 billion (excluding VAT).