KI short logo

Business news

Created in collaboration between Kyiv Independent and KPMG Ukraine Gateway
An investor’s guide to
UKRAINE
Learn more
It's official — Ukraine has a new bank
Business

It's official — Ukraine has a new bank

by Luca Léry Moffat

Ukraine will have a new bank on its books as of tomorrow, after Estonian fintech Iute Group finalized its entry into the market on March 16 — the first foreign bank to enter the country's competitive banking sector since 2021. Representatives from Iute and Ukraine's Deposit Guarantee Fund announced on Monday at a press conference in Kyiv that Ukraine's central bank had approved the sale, paving the way for the bank to begin operations tomorrow. Iute purchased a bridge bank from Ukraine's guara

More from Business

NewsLetters

News Feed

After bashing allies, Trump now wants their help — except from Ukraine

After months of disparaging his European allies, U.S. President Donald Trump suddenly seeks their assistance. But none rush to send warships to reopen the Strait of Hormuz amid Washington's ongoing war with Iran, even as Trump warns that a lack of action would be "very bad" for NATO's future. Experts who spoke to the Kyiv Independent see an emerging pattern. "Take unilateral actions without including allies, then bully them into supporting that action," — this is how Trump's approach was desc

Ukraine war latest: Explosions rock Kyiv as Russian drones target capital during morning rush hour

Key developments on March 16: * Explosions rock Kyiv as Russian drones target capital during morning rush hour * Ukrainian drones reportedly strike oil depot in Russia's Krasnodar Krai * 12 years after Crimea annexation, Ukraine says nearly 300 still jailed on fabricated political charges * 'Terror against civilians' — Russian occupation court jails 69-year-old woman for donating to Ukrainian army A series of explosions were heard in Kyiv on March 16 as Russia launched a rush hour drone at

About Business

The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

Read more

Most Popular

Editors' Picks

News Feed