UTE Bank lost its transitional status and entering market

UTE Bank, established as a transitional bank by the Deposit Guarantee Fund (DGF) on the basis of the insolvent JSC RwS Bank, has changed its transitional status and is entering the banking market of Ukraine.

This is stated in the Fund's message, Ukrainian News Agency reports.

The National Bank of Ukraine confirmed the bank's compliance with all capital and liquidity requirements. Accordingly, the Fund is terminating the powers of its curator from UTE Bank.

This is the first case of the creation of a transitional bank in Ukraine with the involvement of a foreign investor, and the third settlement case implemented during a full-scale war.

Recall that 100% of the shares of Transitional Bank UTE Bank, created by the Fund, were sold on January 15 to the Estonian banking group Iute Group AS, which became the winner of an open tender to withdraw JSC RwS Bank from the market. Among several proposals, the Fund chose the one that met the principle of least cost.

UTE Bank will operate as a digital bank, focused primarily on retail clients. The institution will provide basic banking services, in particular, deposit and credit products, payments and foreign currency transactions.

As Ukrainian News Agency earlier reported, on November 4, 2025, the National Bank of Ukraine adopted a decision to classify JSC RwS BANK as insolvent. On November 5, the Deposit Guarantee Fund introduced a temporary administration in JSC RwS BANK.

On December 17, 2025, in accordance with the plan for the settlement of the insolvent JSC RwS BANK, the Deposit Guarantee Fund created and registered PrJSC Transitional Bank UTE BANK, to which part of the assets and liabilities to depositors - individuals were transferred.

On December 24, 2025, PrJSC Transitional Bank UTE BANK received a banking license for the right to carry out banking activities in accordance with the requirements of the legislation of Ukraine.