Polish Fintech ZEN.com Buys Ukrainian Bank Seized from Russian Oligarch

9 articles · Updated · Kyiv Independent · Apr 22

Polish fintech ZEN.com has acquired Ukraine’s insolvent First Investment Bank (PINbank), previously confiscated from a sanctioned Russian oligarch.
ZEN.com bought 100% of PINbank’s shares for $3.9 million and plans to transform it into a digital payments hub, initially without offering loans.
The move signals international confidence in Ukraine’s financial sector and supports its integration with European markets as the country rebuilds.

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