The largest Ukrainian banks are confidently experiencing the risks caused by the war
Pavlo Harlamov - 25 august 2022
Universal Bank is a Ukrainian universal bank that ranks #6 in terms of financial health and #12 in terms of assets among Ukrainian banks. As of January 1, 2021, the bank's assets amounted to 33.9 billion UAH, which was almost twice as high as last year.
Since December 2016, it has been a member of the TAS group of businessman Sergiy Tigipko. In 2017, Universal Bank together with the Fintech Band team created the Monobank online service. In January 2019, the National Bank levied a 14.38 million UAH fine on Universalbank for violations in financial monitoring and improper performance of the bank’s risk management obligations.
In 2019, the bank joined the BankID system. It is on the list of systematically important banks. As of year-end 2020, Universal Bank and Tascombank (both owned by businessman Sergiy Tigipko) have increased their investment in state bonds by 10 times resulting in about 11.5 billion UAH in total.
