What Bank Vostok does

Bank Vostok (operating as VST bank, legal name АТ «ВСТ БАНК») is a Ukrainian commercial bank headquartered in Dnipro (Dnepropetrovsk), founded in 1999 and operating under an NBU banking license dated August 16, 2021. The bank serves three primary customer segments: private individuals, corporate and business clients, and self-employed entrepreneurs (FOP), with a secondary private banking offering for high-net-worth individuals. As of April 1, 2026, the bank reported regulatory capital of 2.663 billion UAH and participation in the Individual Deposit Guarantee Fund. The bank claims 60% of shipping container lines in Ukrainian sea ports were its clients in 2023, indicating dominant penetration in the maritime logistics vertical.

The bank's product portfolio covers retail deposits (Prostyi and Osoblyvyi products offering 3.0% to 16.0% annual rates, with a 2,000,000 UAH minimum), payment cards including the co-branded VST bank | Kopiyka card, currency cards, and personal accounts. Corporate offerings include contactless Business Mastercard corporate cards with 1% cashback, salary project management, tender guarantees, business financing, acquiring services, and corporate deposits. FOP clients can open online accounts and receive virtual cards in minutes via the mobile app. Technology delivery combines a multi-channel distribution footprint (physical branches, ATMs, 0 800 contact center) with mobile applications on iOS and Android and two web banking portals (my.vstbank.ua, ubank.vstbank.ua), enabling digital account opening and self-service across segments.

The business model mixes traditional banking net interest income with transaction-based and service fees. Revenue streams include interest spreads on deposits and loans, transaction fees on payments, transfers, and currency exchange, card service revenue (including co-branded and corporate card cashback economics), business banking services such as salary project management and tender guarantees, and merchant acquiring via POS terminals. Marketing and go-to-market combine website/app content, active social media presence, customer hotline sales and support, and participation in industry events such as GRAIN UKRAINE 2026 and the UKRAINIAN TRANSPORT FORUM.

Name

Bank Vostok

Legal name

АТ «ВСТ БАНК»

Website

https://bankvostok.com.ua

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank Vostok (VST bank) is a Ukrainian commercial bank headquartered in Dnipro, serving retail customers, businesses, and self-employed (FOP) clients with deposits, payment cards, corporate banking, acquiring, and mobile-first digital banking under an NBU license.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), 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), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

Keywords

• Retail banking services
• Commercial deposit products
• Corporate banking solutions
• Merchant acquiring services
• Entrepreneur FOP accounts

Headquarters

HQ city

Dnipro

HQ country

Ukraine

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking revenue from interest spreads on deposits and loans. Offers deposit products (3-16% annual rates) and lending services to retail and corporate clients.
2. Transaction Fees: Fees from payment processing, transfers, currency exchange, and payment services for retail and business clients.
3. Card Services: Revenue from co-branded cards (VST bank Kopiyka), corporate business cards with cashback (1% on business expenses), currency cards, and card transaction processing.
4. Business Banking Services: Corporate account servicing, salary project management, tender guarantees, acquiring services, and business financing.
5. Acquiring Services: Payment terminal (POS) services for merchants including retail businesses and FOP clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Bank Vostok is a Ukrainian commercial bank offering a full suite of retail and corporate banking products. Retail offerings center on UAH deposits ("Prostyy" and "Osoblyvyy" with rates from 3.0% to 16.0% annual), payment cards including a co-branded VST bank | Kopiyka card, foreign currency cards, money transfers, and the "Bank Vlasnyy Rakhunok" (BVR) personal account. Corporate offerings include Business Mastercard corporate cards with 1% cashback, FOP online entrepreneur accounts, salary projects, tender guarantees, acquiring, and business financing. Distribution combines a physical branch network, mobile iOS/Android applications, web-based online banking, and a contact center.

Product overview

VST Bank (AT «ВСТ БАНК») is a Ukrainian commercial bank offering a comprehensive portfolio of banking products and services for private individuals and corporate clients. The bank's product portfolio includes retail banking products (co-branded cards such as VST bank | Kopiyka with cashback, currency cards), time deposits (Простий and Особливий with rates from 3.0% to 16.0%), corporate banking solutions (Business Mastercard premium cards with 1% cashback for business expenses), and digital banking services. Digital channels comprise mobile applications for iOS/Android and web-based online banking platforms (my.vstbank.ua, ubank.vstbank.ua). The bank also serves entrepreneurs (ФОП) through dedicated online account opening with virtual cards, merchant acquiring services, and salary project solutions. The bank emphasizes mobile-first servicing, allowing account opening, deposits, and card issuance without branch visits.

Differentiator

Problem solved

Functional benefit

Products and services

• VST bank | Kopiyka Co-branded Card (Картка VST bank | Копійка) Co-branded bank card issued jointly by VST bank and the Kopiyka grocery store chain that combines cashback rewards on purchases at Kopiyka stores with standard banking card functionality for retail customers in Ukraine.
• Foreign Currency Card (Валютна картка) Foreign currency payment card openable in minutes via the mobile application, providing access to currency transactions and international payments for retail customers.
• Business Mastercard Corporate Cards (Корпоративні картки Business Mastercard®) Contactless premium Business Mastercard corporate payment cards for business clients, used for business travel, fuel, and administrative expenses, with customizable spending limits and 1% cashback on expenses.
• Prostyy UAH Time Deposit (Депозит «Простий») Simple UAH-denominated term deposit with a 95-day term, offering a promotional 15.5% annual rate during the May–June 2026 anniversary period, with regular rates available and monthly interest payout option.
• Osoblyvyy UAH Time Deposit (Депозит «Особливий») Special UAH term deposit available for 7- and 95-day terms with interest rates from 3.0% to 16.0% annual, unlimited first-month deposits on the 95-day variant, and a 2,000,000 UAH minimum; can be opened online via the mobile application.
• FOP Online Entrepreneur Account (Рахунок ФОП «Онлайн») Online bank account for individual entrepreneurs (FOP) with a virtual card issued within minutes through the mobile application, allowing full servicing without visiting a branch.
• VST Bank Mobile Application (Мобільний застосунок) Mobile banking application for iOS and Android that enables private and FOP customers to open accounts, place deposits, manage currency cards, and access banking services without visiting a branch.
• Online Banking Web Platforms (my.vstbank.ua and ubank.vstbank.ua) Web-based online banking platforms at my.vstbank.ua and ubank.vstbank.ua that provide account access, management, and transaction capabilities for VST bank customers.
• Bank Vlasnyy Rakhunok (BVR) Personal Account (Банк Власний Рахунок) Personal bank account service for private individuals providing deposit, payment, and money transfer functionality.
• Merchant Acquiring (Еквайринг) Card acquiring service that enables merchants and FOP entrepreneurs to accept electronic payments through POS terminals provided by VST bank.
• Salary Project Services (Зарплатні проєкти) Salary project service for corporate clients that manages and disburses employee payroll payments via VST bank accounts and cards.
• Tender Guarantees (Тендерні гарантії) Guarantee products issued to corporate clients to support their participation in public tenders and procurement bids.
• Business Financing (Фінансування) Business financing service for corporate clients covering working capital and general business lending needs.

Quantifiable outcome

• 60% of Ukrainian maritime shipping container lines served as clients
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• KopiykacoreGTM or Marketing PartnerCo-branded VST bank Kopiyka card partnership with Kopiyka network of grocery stores. Combines shopping benefits at Kopiyka stores with full banking card functionality. Customers earn benefits on purchases at Kopiyka while using all banking card features.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Bank Vostok