IBOX Bank

What IBOX Bank does

IBOX Bank (АТ «АЙБОКС БАНК») was a Ukrainian joint-stock commercial bank headquartered at 01054, Kyiv, Volodymyrska Street 46. Founded in 1993, the bank historically served both individual depositors and legal entities across varied ownership structures, operating with a headcount in the 501-1000 range and referenced under the ticker pfts:BAGC. Prior to closure it functioned as a full-service commercial bank offering deposits, lending, and related financial products to Ukrainian retail and corporate customers.

On March 8, 2023, the National Bank of Ukraine placed IBOX Bank into liquidation under the supervision of the Deposit Guarantee Fund of Ukraine (Фонд гарантування вкладів фізичних осіб), with Palamarchuk Vitaliy Vitaliyovych appointed as the authorized person overseeing the wind-down. Since that date, the bank has ceased all commercial activity; its operating status is "closed" and the entity now exists solely to execute an orderly dissolution.

The current "product surface" is administrative rather than commercial. The bank website and its administrator offer: (i) asset sales via open auctions and direct sales, (ii) rental of bank-owned property, (iii) guaranteed compensation payments to depositors routed through designated agent banks, (iv) creditor claims submission and verification, (v) borrower restructuring services (including mortgage and individual restructuring), and (vi) public information disclosures (financial statements, issuer information, regulator decisions). All assets and proceeds are applied to creditor and depositor obligations under the Fund's administration rather than reinvested into commercial operations.

Name

IBOX Bank

Legal name

АТ «АЙБОКС БАНК»

Website

https://iboxbank.online/ua/

Company type

Private

Founded year

1993

Operating status

Closed

Headcount range

501–1,000 employees

Short description

IBOX Bank (АТ «АЙБОКС БАНК») was a Ukrainian commercial bank serving individuals and legal entities that has been in liquidation under the Deposit Guarantee Fund of Ukraine since March 8, 2023, and now only administers asset sales, depositor payouts, creditor claims, and borrower restructuring.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Core offering

IBOX Bank (JSC AIBOX BANK) was a Ukrainian commercial bank founded in 1993 that historically offered banking services to individuals and legal entities. Since March 8, 2023, the bank has been in active liquidation administered by the Deposit Guarantee Fund of Ukraine. Its current operations consist of orderly wind-down services: sale of bank assets via open auctions and direct sales, rental of bank-owned property, payment of guaranteed compensation to depositors through agent banks, processing of creditor claims, and restructuring services for existing borrowers including mortgage loans.

Product overview

IBOX Bank is not an active commercial bank — it is a bank in liquidation administered by the Deposit Guarantee Fund of Ukraine since March 8, 2023. The website does not offer standard banking products or services. Instead, it provides operational services related to the bank's orderly wind-down: asset sales and property rental for asset disposition, guaranteed compensation payments for depositors, creditor claims management, and restructuring services for existing borrowers. Public information about the bank's financial status, issuer disclosures, and regulatory decisions is also available.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Sales (Продаж активів)
• Property Rental (Оренда майна)
• Guaranteed Compensation Payments (Виплати гарантованих сум відшкодування)
• Creditor Claims Management (Кредиторські вимоги)
• Borrower Restructuring Services (Реструктуризація)
• Public Information Services

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights1 record

Broad incumbents

• PrivatBank: Ukraine's largest commercial bank, providing deposit-taking, lending, and payment services. Comparable as another major Ukrainian bank operating in the same regulatory and market environment as IBOX Bank.
• Oschadbank: State-owned Ukrainian savings bank offering a full range of retail and corporate banking services. Comparable as a large Ukrainian depository institution operating under related regulatory oversight.
• Ukreximbank: State-owned Ukrainian export-import bank providing corporate and trade finance. Comparable as another Ukrainian state-related bank operating in credit intermediation and trade-related lending.
• Raiffeisen Bank Aval: One of Ukraine's largest universal banks, providing retail and corporate banking. Comparable as a major privately-owned Ukrainian bank serving similar customer segments to those historically addressed by IBOX Bank.
• UkrSibbank: Ukrainian subsidiary of BNP Paribas offering universal banking services. Comparable as a mid-to-large Ukrainian bank serving retail and corporate clients with deposit and credit products.
• Credit Agricole Bank Ukraine: Ukrainian subsidiary of Credit Agricole providing corporate, retail, and SME banking. Comparable as a foreign-owned Ukrainian bank operating in the same depository credit intermediation space.
• OTP Bank Ukraine: Ukrainian subsidiary of OTP Group offering universal banking services. Comparable as a foreign-owned mid-sized Ukrainian bank competing for retail and corporate deposit and credit business.
• Kredobank: Ukrainian bank focused on retail and SME lending. Comparable as a mid-sized Ukrainian depository institution serving similar customer segments to those IBOX Bank historically addressed.

Direct peers

• PJSC Delta Bank: Former large Ukrainian bank placed in liquidation under the Deposit Guarantee Fund of Ukraine. Directly comparable as another Ukrainian bank that underwent the same DGF-administered wind-down process, with similar asset realization and creditor claims procedures.
• PJSC VAB Bank: Former Ukrainian bank placed in liquidation under Deposit Guarantee Fund administration. Comparable as another mid-sized Ukrainian bank that followed the same wind-down pathway as IBOX Bank, including depositor compensation via agent banks and asset disposition through auctions.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/IboxBank
• LinkedInlinkedin.com/company/ibox-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 IBOX Bank