Public Joint-Stock Company PrivatBank (Ukrainian: ПАТ ПриватБанк (PrivatBank) is a leader in the Ukrainian financial market, with a vision of "innovation for all", with a strong track record of excellence in retail banking, SME finance and digital services. Founded on March 19, 1992, it was originally founded by Ihor Kolomoiskyi and Hennadii Boholiubov. In 2016, it was nationalized by the Ukrainian government due to the risk of bankruptcy and became a state-owned financial institution. Headquartered in Kyiv, Ukraine, PrivatBank serves nearly 19 million customers and is the largest bank in Ukraine thanks to its solid financial performance, digital innovation and wartime resilience.
basic information
of the bankPrivatBank is a commercial bank, now a state-owned institution, founded on March 19, 1992, with headquarters at 1D Hrushevskoho Street, Kiev, Ukraine, and mailing address is 30 Naberezhna Peremogy Street, Dnipro. On December 18, 2016, the Ukrainian government acquired 100% of its shares at a price of 1 hryvnia, and injected 116.8 billion hryvnia and 38.565 billion hryvnia in 2016 and 2017 respectively to stabilize its finances. Currently, the Ministry of Finance of Ukraine holds all shares, and the Cabinet of Ministers exercises the highest management powers. PrivatBank is regulated by the National Bank of Ukraine (NBU) and is subject to the Banking Act and international financial standards to ensure transparency in operations and the safety of customer funds. Its deposits are protected by the Deposit Guarantee Fund of Ukraine (DGF) with a maximum of 100,000 hryvnia per depositor. The SWIFT code is PBANUA2X and the Legal Entity Identifier (LEI) is 5493003NOCSC6LUWUF03. The bank has about 1,200 branches, 7,000 ATMs and 250,000 POS terminals across the country, and employs about 25,000 people.
Deposits &
LoansDepositsPrivatBank offers a wide range of deposit products for individuals and businesses:
demand depositsFor example, the "Standard Current Account" has an opening threshold of 0 hryvnia, an annualized rate of return of about 0.01%–0.5%, the current interest rate can be queried through the branch or the Privat24 app, and the account supports a free monthly fee option (subject to certain trading conditions).
Fixed deposits: support hryvnia, USD, EUR and other currencies, with a term of 1 to 12 months, and a minimum deposit of 1000 hryvnia. The maximum annual interest rate in 2025 can reach 12% (12 months for an amount less than 5 million hryvnia).
Featured product:
High Yield Savings Account: The "Standard Deposit" product offers an annualized income of up to 12%, requires a balance of more than 10,000 hryvnia, and can choose to accumulate interest or compound interest every month, with no monthly fee.
Large Certificate of Deposit (CD): Support flexible tenor, suitable for large amount of money customers, the interest rate needs to be checked through the branch or Privat24, and the penalty interest for early withdrawal is 90 to 180 days of interest.
LoansPrivatBank has a wide range of loan services to meet diversified needs:
housing loans: Fixed and variable interest rate options are available, with a maximum loan amount of 80% of the value of the property and a maximum repayment period of 20 years. In 2025, the fixed interest rate is as low as 12%, the floating interest rate refers to the UIRD (about 15%), and the applicant needs to have a credit score of more than 700 and an annual income of more than 100,000 hryvnia.
Car loans: support for new and used car financing, up to 3 million hryvnia, up to 7 years, annual interest rate as low as 10%, credit score of 660 or more.
Personal Line of Credit: For quick loans (APR as low as 15%, maximum amount of 500,000 hryvnia, term 1–5 years) and asset-backed overdrafts (up to 95% of the value of the assets), the applicant needs a monthly income of more than 50,000 hryvnia, and the approval can be completed within 5 minutes at the earliest.
Flexible repayment mechanism: Support early repayment without penalty, monthly or bi-weekly payment, automatic deduction and other options, customers can manage their debts freely. Small and medium-sized enterprises can apply for wartime low-interest financing schemes such as the 5-7-9% Affordable Loan Program.
digital service experienceThe
core digital platform of PrivatBank is the "Privat24" app, which is suitable for devices with iOS 14.0 and above and Android 9.0 and above, with an App Store score of about 4.8 and a Google Play score of about 4.6, which is well received. The main functions include:
face recognition login: support Face ID and Touch ID, combined with multi-factor authentication and data encryption, to ensure transaction security.
Instant transfers: Supports local currency and foreign currency transfers through PrivatMoney and international payment systems (such as SWIFT, Western Union), with a daily limit of up to 1 million hryvnia, and international remittances cover 100+ countries.
Bill management: Bill payment, automatic deduction, e-statement, transaction classification, and real-time tracking are supported.
Integration of investment instruments: support stocks, funds, bonds inquiry and advisory services, with a minimum investment threshold of 1,000 hryvnia. The web version of Privat24 has the same functions, supports multiple browsers, and only takes 5 minutes to open an account.
Accessibility features: dynamic fonts, VoiceOver, etc., friendly support for visually impaired and hearing-impaired customers. In 2023, more than 15 million people transacted through Privat24, representing more than a third of the country's population.
technological
innovationPrivatBank is leading the way in the fintech field:
AI customer serviceThe AI system can analyze transaction behavior and identify scams in real time, automating 90% of customer inquiries by 2023. In 2025, a virtual assistant is planned to be launched to enable round-the-clock service and personalized recommendations.
Open Banking API: Complying with the European PSD2 standard, integrating with third-party financial services, and participating in the Ukraine Open Banking Framework in 2024, supporting 35 deposit and loan-related services.
Other innovations: support Apple Pay, Google Pay and other payment methods; Mobile Check Deposit; In 2022, we will complete the cloud migration of the core banking system within 43 days of cooperation with AWS to ensure the stability of wartime services. The LiqPay platform supports fast online transactions. Invest 1 billion hryvnia in 2024 to upgrade AI and cloud platforms.
Featured Services &
DifferentiationPrivatBank is widely acclaimed for its retail dominance and wartime support:
fast loans: Industry-leading 5-minute loan approval for up to 500,000 hryvnia, simple procedures, suitable for emergency financing.
International transfer services: PrivatMoney, Western Union and SWIFT international remittances are supported, covering more than 100 countries around the world, serving wartime immigrants and corporate customers.
Multi-functional financial card: Cashless payment and e-ticket function are integrated to make it easy for customers without credit cards.
Economic support in wartime: In 2022, 23.8 billion hryvnia of new loans were issued to support health care and infrastructure construction. Pay 41 billion hryf in taxes in 2024, making it one of the largest tax-paying banks.
The social responsibility :P rivatBank Foundation donated 100 million hryvnia for wartime medical equipment and humanitarian aid.
market position and
honors PrivatBank is the largest bank in Ukraine, with total assets of about 600 billion hryvnia and net profit of 35.05 billion hryvnia as of 2024, accounting for 40% of the country's bank deposit market and 60% of the transaction share. It has 1,200 branches, 7,000 ATMs, 250,000 POS terminals, and 19 million active customers. The retail loan market share increased to 32% from 26% in 2022. With 15 million users and a third of the population, the Privat24 platform is the most popular digital banking app. In 2022, we will cooperate with AWS to complete the migration of core systems within 43 days to ensure service continuity. The main awards include:
"Best Digital Bank of Ukraine" 2023,
"Best Retail Bank of Ukraine" 2022,
"Best Wartime Financial Support" 2023
PrivatBank has become a leader in the financial markets of Ukraine and the region thanks to its solid financial performance and continuous innovation.
summaryPrivat Bank OJSC has become the backbone of Ukraine's financial markets thanks to its more than 30 years of operating experience, strong digital capabilities and wartime business resilience. The bank offers a wide range of deposit and loan products, including high-yield savings, time deposits and quick credit loans, to meet the diverse needs of customers. Its "Privat24" app is popular among users for its efficient transfer of money and convenient investment. In terms of technological innovation, AI customer service, open banking APIs, and mobile payments all demonstrate its leadership in the fintech space. With a strong retail business foundation, wartime financial support, international money transfer services and a continuous award-winning record, PrivatBank continues to demonstrate unparalleled influence and competitiveness in the Ukrainian financial industry.
