Mobile bank izibank, created on the basis of TAScombank, in March-April plans to start selling domestic government bonds, as well as to start “payment by installments,” said the founder and CEO of izibank Anna Tigipko to Interfax-Ukraine agency on the sidelines of the Digital lending conference in Kiev.
“We also launch military bonds. Even before the war we started working on investment products, but we wanted to make foreign shares first. But the regulator forbade this. So we decided to focus on the domestic market and firstly work on OVGZs: military and not only military, and provide this to the client,” Tigipko said.
She said that izibank, unlike a number of other similar projects, will provide the client with an opportunity to buy government bonds in the secondary market through the exchange.
Also, in March and April for the mass izibank customers will be available the installment service, functioning in beta-version, and the service “payment in installments. Tigipko refused to disclose the partners of the project, whose goods and services can be paid for in installments, promising to do so a few months after the final agreements are made.
According to the CEO, izibank resumed issuing retail loans from about September 2022 after the restoration of the main registries, although the requirements for borrowers have become stricter and “the funnel has narrowed. She noted that today 90% of the bank’s new customers are registered through Bank ID in the Diya app, whereas even relatively recently it was only 50%.
In this regard, izibank does not plan to resume the issuance of cards through bank branches, which was suspended due to the full-scale Russian invasion, as most of the bank’s customers design and use virtual bank cards. The physical card, if desired, is sent to the client by mail, said Tigipko.
At the end of last year, the total number of izibank customers was estimated at about 300 thousand
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