Posts Tagged ‘Iute Group’

Iute Group, a European digital-first banking group, is striving to enter the Ukrainian market by establishing a regulated bank with a strong focus on digital banking services for everyday financial needs. The market entry is to be based on an agreement with Ukraine’s state-owned Deposit Guarantee Fund following approval by the National Bank of Ukraine. Under the agreement, Iute Group is to acquire a banking license held by a bridge bank together with a selective transfer of low-risk assets and corresponding retail deposit liabilities with a total volume of approximately EUR 4 million from RWS Bank to Iute Group’s newly established bank entity in Ukraine.

The purchase will be financed from existing Group liquidity. Iute Group applies a strict investment discipline and expects the net loss of the Ukrainian banking operations in 2026 not to exceed EUR 3 million.

Read full announcement (external link)

Originally published on 6 Jan