PrivatBank to sell 'bad' loans worth UAH 5.2 billion through SETAM
The state-owned PrivatBank (Kyiv) will put up for sale its "bad" loans totaling UAH 5.2 billion through the SE SETAM platform (also known as OpenMarket), with bidding taking place until July 30, 2025.
"PrivatBank offers professional market participants to register on the OpenMarket electronic trading system platform of the Ministry of Justice of Ukraine until July 30, 2025 to purchase claims on a portfolio of consumer loans of individuals with a total debt of UAH 5.2 billion, which is the initial (starting) price of the lot," the bank reported on its website on Monday.
It is noted that the portfolio includes only the loan body and accrued interest. The auction will take place in several stages: automatic gradual reduction of the starting price of the lot, submission of closed price offers and open bids. The minimum sale price of the lot is 1.2% of the initial price.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets - UAH 945.4 billion, or 25.2% among 60 banks. As reported, PrivatBank was to put up for sale a portfolio of bad loans to individuals totaling over UAH 5 billion in 2025.