Ukrsibbank
A major Ukrainian commercial bank serving retail customers, small and medium-sized enterprises, and large corporations as part of BNP Paribas Group.
Last updated October 17, 2026
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Overview
Ukrsibbank is a Ukrainian commercial bank headquartered in Kyiv and operating across the country. Founded in 1990 in Kharkiv, it initially focused on serving large corporate customers in the Kharkiv region. During the 1990s and 2000s, it expanded geographically, developed a nationwide branch network, and broadened its activities to include individuals, small and medium-sized businesses, large corporations, and consumer-finance customers. The bank adopted its present identity after becoming associated with the Ukrainian-Siberian Corporation, which was its controlling shareholder during the 1990s. Its strategic ownership changed substantially in the mid-2000s. In December 2005, Ukrsibbank and BNP Paribas signed an agreement for the French financial group to acquire a 51% stake. The transaction was completed in April 2006, making BNP Paribas the bank's strategic investor and linking Ukrsibbank to one of Europe's largest banking groups. BNP Paribas subsequently increased its holding to 81.42% in 2009 and to 99.99% in 2010. The ownership structure later included the European Bank for Reconstruction and Development, whose stake reached 40% in 2016. Following purchases from minority shareholders, BNP Paribas held approximately 60% of the bank, while the EBRD held 40%. Ukrsibbank's business covers retail banking, corporate banking, small-business services, deposits, payments, consumer finance, cards, online banking, and related financial services. Its retail proposition includes payment cards, deposit products such as Active Money, digital banking through UKRSIB online, and personal-finance services. For businesses, the bank provides transaction banking and other services for small and medium-sized enterprises as well as large corporate clients. The bank participates in the Visa and Mastercard networks, SWIFT, Ukraine's deposit-guarantee system, and the Global ATM Alliance. The bank has maintained a substantial physical and electronic distribution network in Ukraine. The reference material describes approximately 200 branches and 700 ATMs serving about 1.9 million customers, approximately 165,000 small and medium-sized enterprises, and about 2,200 large corporate customers. These figures are presented as operational scale rather than audited current financial disclosures. In early 2024, the National Bank of Ukraine confirmed Ukrsibbank as one of the country's systemically important banks, reflecting its relevance to the domestic financial system. Ukrsibbank has also emphasized digital banking, financial resilience, responsible business, and support for entrepreneurship. Its Women in Business program was cited in a United Nations Global Compact report concerning Ukrainian sustainability initiatives. The bank has received recognition in Ukrainian banking, employer, digital-service, sustainability, and resilience rankings. A 2021 Expert Rating assessment assigned it a uaAAA long-term credit rating on Ukraine's national scale, the highest level on that scale according to the supplied reference material. No reliable source in the supplied material establishes a separate public listing, stock ticker, or current standalone website URL for the brand.
History
Ukrsibbank was established in 1990 in Kharkiv. During its first two years, it operated primarily as a regional bank serving large corporate customers. In 1996, it began opening branches outside the Kharkiv region. From 2000 onward, the bank expanded its branch infrastructure and broadened the range of services available to individuals and legal entities. The bank's name is connected with the Ukrainian-Siberian Corporation, which became its controlling shareholder during the 1990s. Its later development was shaped by the entry of BNP Paribas. In December 2005, the two parties signed an agreement under which BNP Paribas would purchase 51% of Ukrsibbank's shares. The transaction was completed in April 2006, making BNP Paribas the bank's strategic investor. BNP Paribas increased its ownership to 81.42% in 2009 and to 99.99% in 2010. In August 2011, the European Bank for Reconstruction and Development completed the acquisition of a 15% stake, reducing BNP Paribas's holding to 84.99%. The EBRD later increased its participation to 40% in February 2016, leaving BNP Paribas with 59.99%. In February 2018, BNP Paribas bought shares from minority shareholders and brought its reported holding to 60%. As the bank expanded, its activities developed across retail banking, corporate banking, small and medium-sized enterprise services, consumer finance, deposits, payment cards, online banking, and other financial products. The bank's digital offering includes UKRSIB online, while Active Money is identified as one of its deposit products. Its customer base includes individuals, SMEs, and large companies. The bank also operates through international payment and banking infrastructure, including Visa, Mastercard, SWIFT, the Ukrainian deposit-guarantee system, and the Global ATM Alliance. The supplied reference describes a network of approximately 200 branches and 700 ATMs, serving about 1.9 million customers, 165,000 SME companies, and 2,200 large corporate customers. These operational figures are not independently dated in the reference and should not be treated as a current audited disclosure. The same material describes Ukrsibbank as Ukraine's third-largest bank and reports that the National Bank of Ukraine confirmed it as systemically important in early 2024. Ukrsibbank has received recognition for banking resilience, digital services, employer practices, sustainability, and corporate responsibility. Its Women in Business program was included in a United Nations Global Compact report concerning Ukrainian contributions to the Sustainable Development Goals. The bank was also associated with BNP Paribas's Top Employer recognition and received a uaAAA national-scale long-term credit rating from Expert Rating in 2021. The available material does not document major scandals, litigation, recalls, or bankruptcy proceedings involving the brand.
- 2024
Confirmed as systemically important
[1]The National Bank of Ukraine confirmed Ukrsibbank as one of Ukraine's systemically important banks.
- 2021
uaAAA national-scale credit rating
[1]Expert Rating assigned the bank a uaAAA long-term credit rating on Ukraine's national scale.
- 2018
Minority-shareholder purchases completed
[1]BNP Paribas purchased shares from minority shareholders and held approximately 60% of Ukrsibbank.
- 2016
EBRD stake rises to 40%
[1]The EBRD increased its participation to 40%, with BNP Paribas holding approximately 60%.
- 2011
EBRD acquires a minority stake
[1]The EBRD completed the acquisition of a 15% holding, reducing BNP Paribas's reported share to 84.99%.
- 2010
BNP Paribas reaches near-total ownership
[1]BNP Paribas's reported holding increased to 99.99%.
- 2009
BNP Paribas increases ownership
[1]BNP Paribas increased its stake in Ukrsibbank to 81.42%.
- 2006
BNP Paribas becomes strategic investor
[1]The acquisition of a 51% stake was completed, linking Ukrsibbank to BNP Paribas Group.
- 2005
BNP Paribas share purchase agreement
[1]Ukrsibbank and BNP Paribas signed an agreement for BNP Paribas to acquire 51% of the bank.
- 2000
Nationwide network development accelerates
[1]Ukrsibbank began building a broader branch network while expanding services for individuals and legal entities.
Products and positioning
A full-service Ukrainian commercial bank combining domestic retail and corporate banking with the international resources and governance connection of BNP Paribas Group.
Digital banking
UKRSIB online
UKRSIB online is Ukrsibbank's digital banking offering for online account and banking-service access. It forms part of the bank's effort to provide customers with electronic alternatives to branch-based banking and is identified in the reference material as an all-inclusive online banking package.
Deposits
Active Money
Active Money is a flexible deposit product named in the bank's product portfolio. It represents Ukrsibbank's deposit-banking offer for customers seeking savings services with flexible terms, although the supplied reference does not specify current rates, eligibility, or detailed conditions.
Retail banking
Retail banking services
Ukrsibbank's retail business serves individual customers through accounts, payment services, cards, deposits, digital banking, and personal-finance products. The bank operates within Ukraine's domestic retail market and combines branch distribution with online channels.
Business banking
SME banking
The SME business provides banking services to small and medium-sized companies. The reference material identifies SMEs as a major customer segment but does not provide a complete current product catalogue or detailed lending terms.
Corporate banking
Corporate banking
Corporate banking is one of Ukrsibbank's core business lines. It originated in the bank's early focus on large corporate customers and continues to serve large companies through transaction, financing, payment, and related banking services.
Entrepreneurship support program
Women in Business
Women in Business is a program supporting female entrepreneurs. The initiative was cited in a United Nations Global Compact report on Ukrainian sustainability and Sustainable Development Goal activity.
Brand decisions
2024
Systemic-importance designationStrategyBackground
Ukraine's central bank identifies institutions whose condition and continuity are particularly important to the domestic financial system.
Action taken
The National Bank of Ukraine confirmed Ukrsibbank as a systemically important bank.
Aftermath
The designation underscored Ukrsibbank's role in Ukraine's banking infrastructure and domestic financial stability.
2018
BNP Paribas buys out minority shareholdersM&ABackground
After the EBRD's increased participation, BNP Paribas continued to consolidate shares held by other minority investors.
Action taken
BNP Paribas purchased Ukrsibbank shares from minority shareholders.
Aftermath
BNP Paribas's reported ownership reached approximately 60%, with the EBRD retaining 40%.
2016
EBRD increases its holding to 40%M&ABackground
The EBRD expanded its role in the bank's ownership structure.
Action taken
The EBRD's stake increased to 40%, reducing BNP Paribas's holding to approximately 60%.
Aftermath
The resulting ownership structure became approximately 60% BNP Paribas and 40% EBRD.
2011
EBRD acquires a 15% stakeM&ABackground
The ownership structure was broadened through the entry of the European Bank for Reconstruction and Development.
Action taken
The EBRD completed the acquisition of 15% of Ukrsibbank's shares.
Aftermath
BNP Paribas's reported holding declined to 84.99%, while the EBRD became a significant minority investor.
2010
BNP Paribas reaches 99.99% ownershipM&ABackground
BNP Paribas continued consolidating its position in Ukrsibbank.
Action taken
The French banking group increased its reported shareholding to 99.99%.
Aftermath
The bank operated with BNP Paribas as its dominant owner until the later entry and expansion of the EBRD as a minority shareholder.
2009
BNP Paribas increases its stake to 81.42%M&ABackground
Following its initial strategic investment, BNP Paribas expanded its ownership of Ukrsibbank.
Action taken
BNP Paribas increased its reported holding to 81.42%.
Aftermath
The ownership change strengthened BNP Paribas's control before a further increase in 2010.
2005
Agreement to sell a 51% stake to BNP ParibasM&ABackground
Ukrsibbank sought a strategic relationship with a major international banking group as it expanded beyond its regional origins.
Action taken
The bank signed a share purchase agreement with BNP Paribas in December 2005.
Aftermath
The transaction was completed in April 2006, making BNP Paribas the bank's strategic investor.
Recent events
UKRSIBBANK and Dreams announce digital banking partnership[2]
Reported:
UKRSIBBANK and Dreams announced an arrangement to integrate the Dreams Platform into UKRSIBBANK’s digital banking offering, giving its customers access to automated saving features and related tools.
Sources2 sources
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