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

Wednesday, March 18

Spain unveils $1.2 billion in military aid for Ukraine

"(President Volodymyr Zelensky) has just arrived at the Sener Aerospace & Defense company. Here, he will inspect equipment samples and the production process," a presidential spokesperson said.

Battlefield analysis: How Ukraine is fighting to thwart Russia’s spring offensive plans

Ukraine has survived its toughest winter yet during the full-scale war, but now it must face the spring. Across the front line, as the weather warms, the ground hardens, and spring foliage returns to the tree lines and forests of Ukraine's east, conditions for mounting assault operations improve in turn. In the spring campaign of 2026 — the fifth of the full-scale war — there are no more illusions, not in Ukraine nor in the international arena, that U.S.-mediated "peace negotiations" with Russ

The 148th Artillery Brigade near Pokrovsk, Donetsk Oblast, Ukraine, on Jan. 11, 2026.

Why must Ukraine's justice system adapt to a traumatized society?

Ukraine is rebuilding courts, laws, and institutions while the war continues. At the same time, it faces the vital task of helping its people rebuild their lives. Our European integration debate is rightly obsessed with the rule of law, independent courts, predictable procedures, and public trust. Yet one factor is still treated as "soft" and therefore optional. It is war trauma. In a country where trauma is at mass‑scale, ignoring it does not make justice tougher. It makes justice less just.

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