On February 19, the Board of the National Bank of Ukraine (NBU) decided to classify the state-owned PIN Bank as insolvent. As in the case of Motor Bank, the reason was the failure to comply with the regulator’s written request to submit a revised financial recovery plan, taking into account the comments made after the bank was classified as problematic, according to the NBU website.
The National Bank also emphasized that PIBank is not systemically important (its share in the sector is 0.01% of assets) and was classified as problematic on December 16, 2025, due to a violation of the minimum regulatory capital requirements.
The bank’s regulatory capital on the date of the decision was UAH 73 million, while the National Bank’s minimum requirement was UAH 200 million.
The Deposit Guarantee Fund will reimburse depositors in full, including interest, as of the end of the day before the start of the procedure for withdrawing the bank from the market, except in cases specified by law.
As reported, in February 2023, the High Anti-Corruption Court of Ukraine seized 88.89% of the shares of PIN Bank, which belonged to Russian businessman Yevgeny Giner, in favor of the state.
According to the National Bank, at the beginning of the year, the financial institution ranked 59th (UAH 212.7 million) among 60 banks in Ukraine in terms of total assets, and its loss for 2025 amounted to UAH 63.2 million.
