"Ukrposhta" will launch its own bank in a few months.

The Cabinet of Ministers has transferred the shares of Pinbank, which was previously owned by Russian nationals, to the management of "Ukrposhta" for the establishment of a postal bank. 

This was reported by the press service of the Ministry of Community and Territorial Development. 

"Ukrposhta Bank will operate based on a special limited banking license. The bank will be able to offer basic financial services: social payments, bill payments, account openings, etc. Special attention will be given to socially vulnerable groups and small businesses in need of support," the statement reads.

Ukrposhta's CEO Ihor Smiliansky stated that 100% of the population of Ukraine will be able to access banking services. Currently, this figure stands at 70%.

According to Smiliansky, Ukrposhta Bank will save the state over 5 billion UAH within 3–5 years. "We plan to make services accessible within the next 4–6 months, but just to be safe, we say 'a year'," he noted.

The company's CEO added that Ukrposhta Bank will not participate in lending to large businesses or risky currency operations, focusing solely on providing basic services aimed at the population in rural and frontline areas. 

88.89% of the shares of the First Investment Bank (PINbank) were owned by Russian businessman and president of the Russian football club "CSKA" Yevgeny Giner. In February 2023, the High Anti-Corruption Court seized Giner's stake for the benefit of the state following a lawsuit from the Ministry of Justice. In January 2024, the controlling stake of the bank was transferred to the State Property Fund.