What KredoBank does

KredoBank (AT KREDOBANK / ПАТ КРЕДОБАНК) is a privately held Ukrainian universal commercial bank headquartered in Lviv, founded in 1989 and operating under National Bank of Ukraine Banking License No. 43 (dated 11 October 2011). The bank serves retail individuals, small and medium enterprises (SMEs), large corporates, IT professionals and freelancers, and Ukrainians residing abroad — primarily in Poland and the EU — through a nationwide network of physical branches and ATMs augmented by digital channels including the iFobs internet-banking platform, a mobile application, and self-service terminals. Its product set spans cash loans, mortgages, auto loans, credit cards and overdrafts on the credit side, and term deposits (Прибутковий/Profitable, Крафтовий/Craft, Правильний вибір/Right Choice), current account packages, virtual cards, escrow accounts, securities, and international money transfer services on the deposit/payments side, with the Craft Banking sub-brand providing specialized tariffs for IT professionals and freelancers receiving foreign-currency income.

Revenue is generated through traditional banking mechanics: net interest margin from lending and deposit-taking (classified as subscription/recurring revenue), transaction and commission fees from card operations, money transfers, currency exchange, and acquiring services (transaction fees), and trade finance facilitation including EBRD-backed letters of credit (professional services). Pricing is publicly disclosed through separate tariff schedules for private clients, individual entrepreneurs (FOP), SMEs, and corporates, with the "Правильна картка" (Correct Card) package offering free account opening and maintenance across UAH, USD, EUR, and PLN current accounts.

The bank's go-to-market relies on a multi-channel distribution model: physical branches and ATMs for direct sales, the iFobs and mobile app for self-service digital banking, BankID and Дія.Підпис (Diia.Pidsum) integration for state-backed digital identity onboarding, Google Pay/Apple Pay for contactless mobile payments, and a dedicated EU/Poland transfer corridor for cross-border remittances. The bank's competitive positioning is anchored by its long-standing NBU license and Deposit Guarantee Fund membership, its access to EBRD capital (cumulatively ~€100M in facilities covering up to €100M in SME lending risk), and a dedicated CERT cybersecurity team. Its ownership is private with no disclosed parent company or institutional shareholders, and revenue figures are not publicly disclosed.

Name

KredoBank

Legal name

AT KREDOBANK (ПАТ КРЕДОБАНК)

Website

https://kredobank.com.ua

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

KredoBank is a privately held Ukrainian universal commercial bank headquartered in Lviv, offering retail, SME, corporate, and cross-border banking products through a nationwide branch network and digital channels, with a specialized Craft Banking sub-brand for IT professionals and freelancers.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Cross-border/Remittance Neobanks (FSABAFAH)

Keywords

• Retail banking services
• Small business lending
• Deposit and savings products
• Payment cards
• International money transfers

Headquarters

HQ city

Lviv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest income from lending: Traditional bank lending revenue from personal loans (cash loans, mortgages, auto loans, credit limits/overdrafts), business loans, and credit cards, generating income from interest spreads
2. Deposit-taking and savings accounts: Attracting deposits from individuals and businesses (Profitable, Craft, Pravylny Vybir, Pocket savings accounts) with interest paid to depositors, generating net interest margin
3. Transaction and commission fees: Fees from payment card operations, money transfers (domestic and international), currency exchange, acquiring, and payment processing services
4. Trade finance facilitation: Supporting trade activities through EBRD-backed trade finance facilities and letters of credit for business clients

Pricing tiers

Distribution channels5 records

Marketing channels6 records

Core offering

KredoBank is a Ukrainian commercial bank offering universal banking services to retail customers, individual entrepreneurs (FOP), SMEs, and large corporates. Its product set spans consumer and business lending (cash loans, mortgages, auto loans, overdrafts, credit cards), deposit and savings accounts, multi-currency current accounts, physical and virtual payment cards, international remittances from the EU/Poland, trade finance for businesses, currency exchange, and securities services. Distribution is through a nationwide branch and ATM network, the iFobs online banking platform, a mobile application, and self-service terminals.

Product overview

KredoBank is a Ukrainian commercial bank offering a comprehensive portfolio of banking products organized as a platform with multiple product lines. For retail customers, the bank provides cash loans, mortgages, car loans, credit cards, and overdraft facilities alongside deposit products (Profitable, Craft, and Right Choice deposits). The Craft Banking sub-brand represents a premium digital banking platform with Craft Black and Craft packages. The bank also offers current account packages, virtual cards, savings accounts, and escrow services. For international customers, specialized transfer services from Poland and EU countries are available. The product architecture combines traditional banking products with digital-first offerings under the Craft sub-brand, serving both individual consumers and business clients including IT professionals and SMEs.

Differentiator

Problem solved

Functional benefit

Brands

• Craft Banking: Specialized banking services offered by KredoBank

Products and services

• Cash Loans (Кредити готівкою) Personal cash loans for individual financial needs with variable amounts and terms; subject to identity, tax ID, and passport verification.
• Mortgage Loans (Іпотечні кредити) Long-term housing loans for purchasing real estate offered to individual borrowers.
• Auto Loans (Кредити на нові авто) Financing for the purchase of new vehicles with competitive rates offered to individuals.
• Credit Card (Кредитна картка) Revolving Mastercard credit card for everyday purchases, cash advances, and the Mastercard Більше rewards program.
• Overdraft / Credit Limit (Кредитний ліміт) Overdraft facility attached to current accounts providing short-term financing for individuals.
• Profitable Deposit (Прибутковий) Term deposit product with competitive interest rates for individual savers.
• Right Choice Deposit (Правильний вибір) Deposit product offering flexible terms and favorable interest conditions for individuals.
• Correct Card Package (Правильна картка) Multi-currency current account bundle with four accounts in UAH, USD, EUR, and PLN, free account opening and maintenance, and free ATM cash withdrawals.
• Virtual Card (Віртуальна картка) Digital-only payment card for online purchases and secure contactless transactions.
• Kyshenya Savings Account (Ощадний рахунок «Кишеня») Flexible savings account designed for day-to-day savings management by individuals.
• Escrow Account (Рахунок умовного зберігання) Conditional holding account for secure real estate and business transactions between counterparties.
• International Transfers from Poland (Перекази з Польщі) Cross-border money transfer service dedicated to incoming transfers from Poland to Ukraine.
• International Transfers from EU (Перекази з ЄС) Euro-denominated money transfer service from EU countries to Ukraine with advantageous FX terms.
• Securities Services (Цінні папери) Securities trading and investment services for individual investors.
• Craft Banking (Craft / Craft Black packages) Premium digital banking sub-brand offering Craft and Craft Black account packages tailored to IT professionals, freelancers, and premium individual customers handling foreign-currency income.

Quantifiable outcome

• EBRD €100M financing facility covering credit risk for loans to Ukrainian companies in critical sectors (agriculture, food processing, logistics)
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• MastercardcoreTechnology or IntegrationKredoBank issues Mastercard payment cards including the 'Mastercard Більше' (Mastercard More) loyalty program, offering cashback and rewards on card transactions. Virtual and physical card issuance supported through Mastercard payment infrastructure.
• Google PaysupportingTechnology or IntegrationKredoBank supports Google Pay mobile payments, allowing customers to make contactless payments using Android devices linked to their KredoBank cards.
• Apple PaysupportingTechnology or IntegrationKredoBank supports Apple Pay mobile payments, enabling iOS device users to add their KredoBank cards for contactless Apple Pay transactions.
• National Bank of Ukraine (NBU)coreOthersKredoBank operates under NBU Banking License No. 43 dated 11.10.2011, is a participant in the Deposit Guarantee Fund of Individuals (Certificate No. 51), and participates in the BankID national digital identification system.
• Deposit Guarantee Fund of Individuals (FGVFO/FGVP)coreOthersKredoBank is a member of Ukraine's Deposit Guarantee Fund from the fund's inception, providing state-backed deposit protection for individual depositors up to UAH 600,000+ per account.
• AstwellsoftsupportingTechnology or IntegrationAstwellsoft developed the KredoBank corporate website (kredobank.com.ua), serving as the technology development partner for the bank's digital web presence.
• Insurance Companies (Partner Network)supportingOthersKredoBank maintains accredited insurance company partners for both individual and business/client insurance products, with a published list of partner insurers and associated documentation requirements.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• PrivatBank: Ukraine's largest commercial bank by assets and depositors. Directly comparable as a universal retail/SME bank operating under NBU regulation with similar product breadth (deposits, cards, SME lending, digital banking).
• Oschadbank: State-owned Ukrainian savings bank with universal retail and SME banking. Comparable as a similarly licensed NBU universal bank with a strong deposit-guarantee position and nationwide branch network.
• Raiffeisen Bank Aval: Ukrainian subsidiary of Austria's Raiffeisen Bank International, focused on corporate and SME lending with retail deposit products. Directly comparable as a universal NBU-licensed bank with EBRD-adjacent international capital backing.
• UkrSibbank: Ukrainian subsidiary of BNP Paribas, providing retail and corporate banking including SME financing. Comparable as a foreign-affiliated Ukrainian universal bank serving overlapping retail and SME segments.
• First Ukrainian Investment Bank (FUIB / PUMB): Privately held Ukrainian universal bank with strong SME and retail focus and significant digital banking investment. Comparable as a mid-tier Ukrainian universal bank competing in retail deposits, SME lending, and digital channels.
• Credit Agricole Ukraine: Ukrainian subsidiary of France's Credit Agricole, offering retail and SME banking. Comparable as a foreign-affiliated universal NBU-licensed bank with similar product mix including trade finance and SME lending.
• OTP Bank Ukraine: Ukrainian subsidiary of Hungary's OTP Group, offering retail, SME, and corporate banking. Comparable as a foreign-affiliated universal bank with a comparable customer base and product breadth.
• Tascombank: Privately held Ukrainian bank with strong SME and corporate focus, including trade finance. Comparable as a mid-tier universal Ukrainian bank with overlapping SME/corporate customer segments and trade finance capabilities.
• ProCredit Bank Ukraine: Ukrainian subsidiary of Germany's ProCredit Holding, with explicit SME and development-banking focus. Highly comparable as a Ukrainian SME-focused bank with European development financier backing (similar EBRD-like institutional capital).

Broad incumbents

• PKO Bank Polski: Poland's largest state-owned bank with extensive Ukrainian operations history and previously reported interest in Ukrainian banking assets. Comparable as a large Eastern European universal bank with cross-border Polish-Ukrainian retail and remittance corridors relevant to KredoBank's diaspora strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Kredobank_ua
• Facebookfacebook.com/kredobank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KredoBank