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It's official — Ukraine has a new bank
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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

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