Mitteilung der Iute Group AS:
Iute Group Strives to Enter Ukraine with Acquisition of Banking License
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 price is expected to amount to EUR 120 thousand and will be financed ...
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