Polish Fintech Zen Buys PINbank, Ukrainian Asvio Bank Buys Motor-Bank at Auction

Ucraina

Poland’s financial technology (fintech) company Zen prevailed at the auction for insolvent PINbank, while Ukrainian Asvio Bank secured Motor-Bank, Ukraine’s Deposit Guarantee Fund announced, concluding a months-long sale process for the two banks. Banking M&A in Ukraine celebrates another deal, as Ukraine’s financial institutions remain attractive assets despite the war and lure foreign investors. The fund announced the winner during a briefing with reporters on Wednesday. JOIN US ON TELEGRAM