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  • The National Bank of Ukraine classified RwS Bank as insolvent on November 4, citing insufficient capital and false reporting of its financial condition. The bank, created in 2015 from Omega Bank’s remnants and controlled by interests linked to ex-MP Ruslan Demchak, accounted for just 0.04% of Ukraine’s banking assets.
  • By Q3 2025, RwS Bank’s assets had plunged from 4.51 billion to 1.51 billion hryvnias, while equity nearly halved. A sharp contraction in loan and deposit portfolios produced a 202 million hryvnia loss in the first nine months of 2025, amid a 67.3% drop in client funds and a 73.7% fall in business deposits.
  • The Deposit Guarantee Fund has introduced temporary administration and estimates 339 million hryvnias in guaranteed payouts, including over 112 million to sole proprietors in full. Authorities say the fund has sufficient resources, with compensation to be disbursed within 20 business days, via Diia or agent banks, though final amounts may change.

November 4, National Bank of Ukraine took away RwS Bank has been classified as insolvent due to insufficient capital standards and the provision of false information regarding its actual financial condition.

The bank was founded in 2015 on the basis of the bankrupt Omega Bank. Control over the financial institution was acquired by the UBG group, which is linked to Ruslan Demchak, a former member of the Petro Poroshenko Bloc. As of January of this year, 99% of the shares belonged to Oleksandr Stetsyuk, and another 1% belonged to Demchak's daughter, Kateryna. RwS Bank held 0.04% of the entire banking system.

Last year, RwS Bank showed a profit and actively provided loans to businesses, but now it's showing hundreds of millions in losses. What went wrong and when will depositors get their money back – we investigated LIGA.net.

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The State Guarantee Fund for Bank DepositsRVS Bank