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IuteBank begins operations in Ukraine 16.03.2026, 12:30 Uhr von EQS News Jetzt kommentieren: 0

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EQS-News: IuteCredit Finance S.à r.l. / Key word(s): Market Launch
IuteBank begins operations in Ukraine

16.03.2026 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


IuteBank begins operations in Ukraine

Tallinn, Estonia, 16 
March 2026. Iute Group, a leading European personal finance group, begins operations with IuteBank in the Ukrainian banking market on 17 March 2026. The start of operations follows the completion of the transition process and marks an important milestone in the Group’s expansion of its digital banking model into one of Europe’s most digitally advanced financial markets. The transition process was completed earlier than initially expected.

With the start of operations, IuteBank will initially offer a focused set of core banking services, including current accounts, deposits, and instant payments, to its existing customer base. This initial phase is designed to ensure a stable and well-governed foundation. The build-out of Iute's full digital product capabilities and the launch of a comprehensive value proposition, including mobile banking and active customer acquisition, is planned for early 2027.

During the transition period, Iute Group recapitalized IuteBank with UAH 293 million (approximately EUR 5.8 million) to strengthen the bank’s capital base. The investment is made within the previously communicated investment framework of up to EUR 15 million for the market entry in Ukraine. The National Bank of Ukraine has confirmed that IuteBank meets all requirements and has successfully passed the supervisory inspection. This confirms the completion of the transition to regular banking operations.

Tarmo Sild, CEO of Iute Group: “Beginning banking operations in Ukraine marks an important milestone in Iute’s expansion strategy. Completing the transition process and starting operations earlier than initially expected reflects the constructive cooperation with the Ukrainian authorities and the strong commitment of our team. Our focus now is on building a digital bank that provides everyday financial services for customers in Ukraine, with a full-scale digital offering planned for early 2027. Our entry into Ukraine reflects our long-term confidence in the country’s financial sector and its future as part of the European economic space.”

Arthur Muravitsky, CEO of IuteBank: “Our immediate priority is to ensure a smooth restoration of banking services for existing customers. In the next phase, we will strengthen the bank’s corporate governance and leadership structure, gradually expand services for existing customers and prepare the launch of our mobile banking application with account and deposit functionality. We appreciate the cooperation with the Deposit Guarantee Fund and the National Bank of Ukraine throughout this process. At the same time, the successful implementation of the bridge bank concept demonstrates how the transition to a new private owner can be managed in a structured and stable manner.”

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: investor@iute.com
Phone: +372 622 9177

About Iute Group:

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



16.03.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News


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 Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
EQS News ID: 2291912

 
End of News EQS News Service

2291912  16.03.2026 CET/CEST

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Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer