MTB BANK
MTB BANK is a Ukrainian commercial bank established in 1993 and rebranded from Marfin Bank in 2017.
Last updated August 25, 2026
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Overview
MTB BANK is a Ukrainian commercial bank whose institutional history dates to 1993. It was created through a constituent assembly decision in September 1993 and registered by the National Bank of Ukraine on 5 November 1993 as the interregional joint-stock bank MiDO. The institution subsequently changed its name several times while retaining continuity as a joint-stock banking entity: it became Mortorgbank in November 1994, Marine Transport Bank in January 1996, Marfin Bank in July 2010, and MTB BANK in December 2017. The sequence reflects changes in commercial identity rather than the creation of a wholly new bank at each stage. The current MTB BANK identity was adopted during a period of institutional management associated with board chairman Yuriy Kralov and supervisory board chairman Igor Zgurov, who have been identified as leading the bank since June 2017. The bank operates as a commercial financial institution in Ukraine and has held a banking licence issued by the National Bank of Ukraine, with licence No. 66 dated 19 March 2018. It is also described as an authorized bank of the Pension Fund of Ukraine. The bank's documented activities span conventional retail and corporate banking, payments, deposits, lending, and participation in domestic and international financial infrastructure. It is affiliated with the Visa, Mastercard, and UnionPay payment systems, partners with Western Union, and participates in Ukrainian banking, capital-markets, settlement, depository, and payment-system organizations. Its memberships and relationships include the Deposit Guarantee Fund for Individuals, the Ukrainian Interbank Association of Payment Systems Members, the Ukrainian Stock Traders Association, the Professional Association of Capital Markets and Derivatives, the National Depository of Ukraine, the Settlement Center, SWIFT, Thomson Reuters, and the Independent Association of the Banks of Ukraine. MTB BANK has also developed a public-facing profile through cultural, sporting, and charitable sponsorship. It has been described as a premium partner of the Odesa Classics international music festival and a sponsor of the Velvet Season art festival at the Odesa Opera and Ballet Theatre. Its other supported activities include the Black Sea Ports Cup, Black Sea Cup regattas, international tennis tournaments held under the auspices of the International Tennis Federation, support for the Monsters Corporation charity organization, and projects addressing the COVID-19 pandemic. The bank's publicly cited recognition includes an award for business openness and transparency in 2009, the European Quality Award in 2011, and recognition as a reliable business partner in the 2016 Ukrainian Bank of the Year competition. Credit Rating assigned the bank a uaAA credit rating in June 2020 and reported that its deposit rating had remained at level 5 since 2009. Figures cited in the reference material for the bank's equity and assets are not accompanied by a sufficiently clear reporting date in the available material, so they are not treated here as current financial data. Overall, MTB BANK is best characterized as an established Ukrainian commercial bank with a long sequence of names, broad payment-system and financial-market affiliations, and a brand presence connected to Odesa cultural and sporting life.
History
MTB BANK traces its origins to a constituent assembly held on 15 September 1993. The institution was registered by the National Bank of Ukraine on 5 November 1993 under registration number 207 as the interregional joint-stock bank MiDO. Its subsequent history is marked by several changes in commercial name. In November 1994, the bank became Mortorgbank. In January 1996, it adopted the name Marine Transport Bank. The institution was renamed Marfin Bank in July 2010 and later adopted the MTB BANK identity in December 2017. These changes were presented as continuations of the same joint-stock banking institution rather than dissolutions and new incorporations. The bank's 2017 rebranding coincided with a management structure identified in public reference material as being led by Yuriy Kralov as chairman of the management board and Igor Zgurov as chairman of the supervisory board. The current public identity therefore represents the latest stage in a banking organization that has operated under several names across the post-Soviet and independent Ukrainian financial eras. MTB BANK's operating profile is that of a commercial bank serving Ukrainian customers and participating in national and international payment and financial infrastructure. The bank is associated with the Deposit Guarantee Fund for Individuals and with Visa, Mastercard, and UnionPay payment networks. It is also a Western Union partner. Its other reported memberships and institutional relationships include the Ukrainian Interbank Association of Payment Systems Members, the Ukrainian Stock Traders Association, the Professional Association of Capital Markets and Derivatives, the Settlement Center, the National Depository of Ukraine, SWIFT, Thomson Reuters, and the Independent Association of the Banks of Ukraine. The bank is additionally identified as an authorized bank of the Pension Fund of Ukraine. Regulatory and credit information in the reference material includes National Bank of Ukraine licence No. 66 dated 19 March 2018. Credit Rating reportedly maintained the bank's deposit rating at level 5 from 2009 and assigned a uaAA credit rating in June 2020. The available source also gives equity and asset figures, but without a sufficiently clear reporting period for reliable historical comparison; those figures are therefore not incorporated as undated current facts. Beyond financial services, MTB BANK has cultivated a sponsorship and social-responsibility profile. It has supported the Odesa Classics international music festival, the Velvet Season art festival at the Odesa Opera and Ballet Theatre, the Black Sea Ports Cup, Black Sea Cup regattas, and professional international tennis tournaments held under International Tennis Federation auspices. It has also supported the Monsters Corporation charity organization and COVID-19 response projects. Awards cited for the bank include recognition for business openness and transparency in 2009, the European Quality Award in 2011, and a 2016 Ukrainian Bank of the Year award for being a reliable business partner. The available reference material does not establish a precise headquarters address, ownership structure, founder, public listing, or a complete current executive roster.
- 2020
uaAA credit rating assigned
[1]Credit Rating assigned MTB BANK a uaAA credit rating in June 2020.
- 2018
National banking licence No. 66
[1]The bank's cited National Bank of Ukraine licence No. 66 is dated 19 March 2018.
- 2017
Rebranded as MTB BANK
[1]The institution adopted the MTB BANK name in December, the identity it uses in the cited reference period.
- 2010
Name changed to Marfin Bank
[1]The bank adopted the Marfin Bank name in July.
- 1996
Name changed to Marine Transport Bank
[1]In January, the bank changed its commercial name to Marine Transport Bank.
- 1994
Name changed to Mortorgbank
[1]The institution adopted the Mortorgbank name in November while continuing as the same joint-stock bank.
- 1993
Institution established and registered as MiDO
[1]The constituent assembly established the bank in September, and the National Bank of Ukraine registered it on 5 November as the interregional joint-stock bank MiDO.
Products and positioning
A Ukrainian full-service commercial bank combining retail, corporate, payment, settlement, and financial-market services with a visible commitment to cultural, sporting, and community sponsorship.
Consumer banking
Retail banking
The bank's retail activity is described broadly through deposit, account, payment, and lending services for individuals. The available reference material does not provide a current product catalogue or detailed terms for individual products.
Commercial banking
Corporate and business banking
MTB BANK operates as a commercial bank and provides services associated with business customers, including credit, deposits, payments, settlements, and related financial services. Specific packages, eligibility conditions, and pricing are not established by the supplied references.
Payments
Payment cards and money transfers
The bank participates in Mastercard, Visa, and UnionPay payment systems and is a partner of Western Union. These relationships support card-based payments and international or domestic money-transfer services, although the available material does not specify the full range of card products.
Marketing campaigns
- Odesa Classics
Ukraine
MTB BANK has been described as a premium partner of the Odesa Classics international music festival.
Outcome. The available material confirms continuing sponsorship but does not quantify audience, duration, or commercial results.
- Velvet Season
Ukraine
The bank sponsors the annual Velvet Season art festival at the Odesa Opera and Ballet Theatre.
Outcome. The reference identifies the sponsorship but does not provide performance metrics.
- Black Sea Ports Cup and Black Sea Cup
Ukraine · Black Sea region
MTB BANK supports the Black Sea Ports Cup and Black Sea Cup regattas as part of its sporting sponsorship activity.
Outcome. No quantified sponsorship outcomes are given in the available source.
- International tennis sponsorship
Ukraine · International
The bank supports professional international tennis tournaments conducted under the auspices of the International Tennis Federation.
Outcome. The source does not identify individual tournaments or report campaign metrics.
- Community and COVID-19 support
Ukraine
MTB BANK provides support to the Monsters Corporation charity organization and participates in projects responding to COVID-19.
Outcome. The available material confirms participation but gives no financial or impact figures.
Brand decisions
2017
Rebranding from Marfin Bank to MTB BANKStrategyBackground
The bank had operated under several names since its registration as MiDO in 1993, most recently as Marfin Bank from 2010.
Action taken
The institution changed its name to MTB BANK in December 2017 without terminating its continuing joint-stock legal entity.
Aftermath
The rebrand established the current commercial identity and was followed by the cited 2018 National Bank of Ukraine licence reference.
Recent events
- 2020
Credit Rating assigns MTB BANK a uaAA credit rating[1]
Other
The independent Ukrainian rating agency Credit Rating assigned MTB BANK a uaAA credit rating in June 2020.
- 2018
National Bank of Ukraine licence cited for MTB BANK[1]
Regulation
MTB BANK is documented as operating under National Bank of Ukraine licence No. 66 dated 19 March 2018.
- 2017
MTB BANK adopts its current name[1]
Leadership change · Other
The bank changed its name from Marfin Bank to MTB BANK, completing a longer sequence of institutional name changes dating back to its establishment as MiDO.
MTB BANK supports COVID-19 response projects[1]
Other
The bank participated in projects providing financial support for efforts addressing the COVID-19 pandemic.
Sources2 sources
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