Polish fintech ZEN.com became the winner of the tender for the purchase of 100% of the shares of the insolvent PIN Bank.
This is stated in the message of the Deposit Guarantee Fund, Ukrainian News Agency reports.
By decision of the executive directorate of the fund, effective April 18, 2026, the temporary administration in PIN Bank was terminated and the powers of the temporary administrator of the bank, delegated to the authorized person of the Fund - Pavelko Olena Volodymyrivna, were revoked.
The said decision was made in connection with the implementation of the PIN Bank settlement plan by selling 100% of the shares of the insolvent bank to the investor - fintech company UAB ZEN.COM.
Therefore, the new owner of the bank is UAB ZEN.COM, which, after the termination of the temporary administration in the bank, acquired all shareholder rights.
UAB ZEN.COM is obliged to bring the capital and liquidity indicators of PIN Bank in line with the requirements of banking legislation within one month from the date of acquisition of the bank.
The restoration of the bank's solvency must be confirmed by the results of an inspection by the National Bank of Ukraine, after which the bank will resume fulfilling all of the bank's obligations to all depositors and creditors.
In order to monitor the implementation of the PIN Bank share purchase and sale agreement, the Fund has appointed a curator to the bank.
After the National Bank of Ukraine confirms the restoration of the bank's solvency, the bank will resume fulfilling all of its obligations to all depositors and creditors.
ZEN.com is called the "Polish Revolut". It was founded by David Rozek in Rzeszów in 2018.
It began operating only two years later, in May 2020, when ZEN.com received a payment license in Lithuania. The business received its first profit two years later.
As Ukrainian News Agency earlier reported, on February 19, the National Bank declared the First Investment Bank insolvent.
In January last year, the Cabinet of Ministers transferred the First Investment Bank (PINbank) to the Ministry of Community and Territorial Development with subsequent transfer to Ukrposhta.
In January 2024, the state, represented by the State Property Fund, became the owner of a controlling stake in the First Investment Bank (PINbank) in the amount of 88.89%, which the court confiscated from the russian billionaire and president of the Moscow football club CSKA Yevgeny Giner.
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