What PINbank does

PINbank (PJSC First Investment Bank / АТ «ПЕРШИЙ ІНВЕСТИЦІЙНИЙ БАНК») is a Ukrainian commercial bank founded in 1997, headquartered in Kyiv, that provides retail and corporate banking services to private individuals, small and medium-sized enterprises, and select corporate clients. The product suite includes payment cards, current accounts, deposits (УНІВЕРСАЛЬНИЙ, НА ВИМОГУ, ВПЕВНЕНИЙ, ОБЕРЕЖНИЙ), lending, acquiring, salary projects, corporate cards, escrow accounts, money transfers, safe deposit box rentals, banking gold/coin operations, and VIP banking. Distribution is delivered through a regional branch network across Kyiv, Odesa, Lviv, Zhytomyr, and Zarantse (with Lviv and Zhytomyr branches temporarily suspended), supplemented by 16 ATMs and 535 self-service terminals and the PINbank Online internet/mobile banking platform.

The underlying technology stack is described as standard Ukrainian banking infrastructure, comprising the online.pinbank.ua internet banking platform, the PINbank Online mobile application, and the ATM/self-service terminal network; no proprietary technology, AI/ML capabilities, or public APIs are indicated. The revenue model is traditional banking: net interest margin on loans and deposits, transaction and card fees, acquiring commissions, and ancillary service charges, with monthly billing cycles and pricing not publicly disclosed.

PINbank's financial position deteriorated sharply after Russia's 2022 invasion of Ukraine. The bank was originally owned by Russian businessman Yevgeny Giner, was nationalized in January 2024 following sanctions on him, and was declared insolvent by the National Bank of Ukraine in February 2026 after net assets collapsed from UAH 3.2 billion (January 2022) to UAH 212.7 million (January 2026) — a decline of approximately 93% — with regulatory capital down nearly fivefold and a UAH 63.2 million net loss recorded in 2025. Multiple acquirers expressed interest during 2026, including Ukrainian entrepreneur Maksym Shkil (March 2026, planned $30 million investment) and logistics group Nova Poshta (March 2026), before Polish fintech Zen won the auction in April 2026, subject to approval from the NBU and Anti-monopoly Committee by April 15.

Name

PINbank

Legal name

АТ "ПЕРШИЙ ІНВЕСТИЦІЙНИЙ БАНК"

Website

https://pinbank.ua

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

PINbank is a Ukrainian commercial bank founded in 1997 offering retail and SME banking products (accounts, deposits, cards, lending, acquiring, payroll) via a multi-city branch network, 535 self-service terminals, and online/mobile banking; declared insolvent by the NBU in February 2026 and acquired by Polish fintech Zen in April 2026.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Retail banking services
• Corporate banking
• Payment cards
• Money transfers
• Deposit products

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Banking Services: Traditional banking revenue from interest income on loans, deposit margins, transaction fees, card services, and other banking operations. The bank has been loss-making with net loss of UAH 63.2 million in 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

PINbank is a Ukrainian commercial bank providing retail and corporate banking products including payment cards, current accounts, term and demand deposits, consumer and business lending, merchant acquiring, corporate payroll services, corporate cards, escrow accounts, money transfers, banking gold and coin operations, safe deposit box rental, and VIP banking services. Distribution is through a multi-city branch network, 16 ATMs, 535 self-service terminals, the PINbank Online internet banking platform, and the PINbank Online mobile application.

Product overview

PINbank (АТ «ПЕРШИЙ ІНВЕСТИЦІЙНИЙ БАНК» / PJSC First Investment Bank) is a Ukrainian commercial bank offering a comprehensive suite of retail and corporate banking products. The product portfolio centers on payment cards, internet banking (PINbank Online) accessible via web and mobile app, current accounts, deposits (УНІВЕРСАЛЬНИЙ, НА ВИМОГУ, ВПЕВНЕНИЙ, ОБЕРЕЖНИЙ), lending services, corporate solutions including salary projects, corporate cards, and escrow accounts, acquiring services, money transfers, safe rental, and VIP banking services. The bank operates a regional branch network across Kyiv, Odesa, Lviv, Zhytomyr, and Zavantsi, with 16 ATMs and 535 self-service terminals as part of its retail infrastructure. Founded in 1997, the bank was nationalized in January 2024 following sanctions on Russian businessman Yevgeny Giner, and has undergone resolution proceedings with the Deposit Guarantee Fund.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Card (Платіжна картка) A bank-issued payment card enabling cashless payments for goods and services and cash withdrawals at ATMs across Ukraine, with access to more than 3,000 ATMs.
• PINbank Online Internet Banking (for Business) Internet banking platform for corporate/business clients to manage accounts, financial documents, and electronic digital signature keys online.
• PINbank Online Mobile Application (Мобільний додаток PINbank Online) Mobile application providing retail and business clients access to PINbank banking services from mobile devices.
• Current Accounts and Daily Banking Services (Поточні рахунки та щоденне обслуговування) Current account products for daily banking operations for both individual and business clients, including comprehensive service packages.
• Deposits for Individuals (Депозити) Deposit products for individuals including УНІВЕРСАЛЬНИЙ, НА ВИМОГУ, ВПЕВНЕНИЙ, and ОБЕРЕЖНИЙ variants with multiple interest payment options.
• Deposits for Business (Депозити для бізнесу) Term and structured deposit products for corporate and business clients to manage excess liquidity.
• Lending (Кредитування) Credit and loan services for individuals (consumer credit, mortgage consultations) and businesses (overdrafts, business loans).
• Merchant Acquiring (Еквайринг) Payment acceptance services enabling merchants to accept card payments from customers.
• Salary Project (Зарплатний проект) Corporate payroll services that enable businesses to disburse employee salaries through PINbank accounts.
• Corporate Card (Корпоративна картка) Corporate card products enabling businesses to manage operational expenses and employee spending.
• Escrow Payments (Виплати ЕСКРОУ) Escrow account services for conditional deposits, including construction escrow (ЕСКРОУ) as mandated by Ukrainian law.
• Safe Deposit Box Rental (Оренда банківських сейфів) Rental of individual safe deposit boxes at bank branches for secure storage of valuables.
• VIP Banking Service (VIP Обслуговування) Premium personal banking service tier providing enhanced service levels for VIP individual clients.
• Money Transfers (Грошові перекази) Domestic and international money transfer services including card-to-card transfers.
• Banking Gold and Coin Operations (Операції з банківським золотом та монетами) Sale, purchase, and custody of banking gold bars and commemorative/investment coins for individual clients.
• Comprehensive Banking Service (Комплексне обслуговування) Bundled comprehensive banking service package offered to corporate clients as an integrated service relationship.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Zen (Polish Fintech)coreChannel Partner/ Reseller/ Distributor · 1 April 2026Zen, a Polish fintech company, won the auction to acquire PINbank as a whole institution in April 2026. The deal required approval from the National Bank of Ukraine and the Anti-monopoly Committee by April 15. Zen would acquire the bank's retail network of 16 ATMs and 535 self-service terminals across Ukraine.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/PINbank.UA
• Instagraminstagram.com/pinbank.ua
• Xx.com/pinbank

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 PINbank