Concorde Capital supports the sale of PINbank to fintech company ZEN.COM

The Deposit Guarantee Fund of Ukraine has successfully sold insolvent PINbank to Lithuanian fintech company ZEN.COM for UAH 175 million.

Concorde Capital Group supported the transaction as an investment firm and depository institution, providing professional assistance throughout the signing and execution process in line with market standards and regulatory requirements.

For us, this transaction is an important example of how high-quality capital market infrastructure can help attract international investors to Ukraine’s financial sector, even in challenging conditions.

UAB ZEN.COM’s entry into the Ukrainian banking market is a positive signal for the country’s financial system as a whole. It confirms international business interest in Ukrainian assets, trust in local market mechanisms, and the prospects for Ukraine’s further integration into the European financial space.

UAB ZEN.COM was selected as the winner of an open tender announced by the Deposit Guarantee Fund to find an investor or receiving bank interested in participating in the resolution of insolvent PINbank. Its proposal to acquire the bank in full was determined to be the least costly resolution option.

Importantly, the bank continues to operate, and all obligations to depositors and creditors remain in place. The terms of existing loan agreements also remain unchanged.

We are grateful to all parties involved in the transaction for their professionalism and trust.

Concorde Capital will continue working to ensure that Ukraine’s financial market remains open, transparent, and attractive to investors.