EQS-News: IuteCredit Finance S.à r.l.
/ Key word(s): Mergers & Acquisitions/Acquisition
Iute Group Successfully Acquires Banking License and Enters Ukraine Market The assets acquired consist primarily of government bonds and cash as well as all intangible assets related to banking operations, while loan portfolio and no related credit risk are excluded. Approximately 13,000 retail customers together with their accounts and deposits are transferred as part of the transaction. No branch network is taken over. The bank will be supervised by the National Bank of Ukraine and operate under the brand IuteBank. It will be led by Arthur Muravitsky, an experienced Ukrainian banking executive with more than 22 years in the financial sector. The total consideration paid amounts to EUR 142 thousand and is financed from existing Group liquidity. Of this amount, approximately EUR 32 thousand relates to existing equity transferred with the acquired entity. The remaining EUR 120 thousand reflects the difference between the purchase consideration and the fair value of the acquired assets and existing equity, primarily representing the value attributed to the banking license, regulatory platform and market entry. Iute Group applies a strict investment discipline. Investments in Ukraine will be made gradually and depending on operational developments and may not exceed EUR 15 million. The net loss of the Ukrainian banking operations in 2026 is expected not to exceed EUR 3 million. The entry into Ukraine supports Iute Group's long-term objective to expand its digital-first banking model and to provide simpler, faster and fairer financial services through digital channels. Ukraine has developed into one of Europe's most digital financial markets in recent years, with a large population and high adoption of digital financial services. Iute Group's risk-controlled entry structure would allow participation in this long-term growth potential while maintaining clearly defined capital and loss limits. CEO Tarmo Sild and CFO Kristel Kurvits will comment on the transaction by means of a webcast presentation on 19 January 2026, 16.00 CET. The webcast/call will be held in English. Please register in time to participate in the webcast/call at: Kristel Kurvits, Group Chief Financial Officer (CFO) Iute Group is a digital banking group focused on everyday financial services in Southeast Europe. Established in 2008 and headquartered in Estonia, Iute serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine. Through the MyIute app and its local operations, Iute provides digital financial services including payments, banking, financing, and insurance intermediation. Iute Group finances its operations through equity, deposits, and secured bonds listed on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List. www.iute.com 15.01.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | IuteCredit Finance S.à r.l. |
| 14, rue Edward Steichen | |
| 2540 Luxembourg | |
| Luxemburg | |
| ISIN: | XS2378483494, XS3047514446 |
| WKN: | A3KT6M, A4D95Q |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2260646 |
| End of News | EQS News Service |
2260646 15.01.2026 CET/CEST
