As of mid-March, the new shareholders had already contributed the stated amount to the bank’s capital, which will allow the institution to complete the transformation from a bridge bank into a fully operational financial institution in the near future.
Iute Group acquired the bank from the Deposit Guarantee Fund of Individuals at the beginning of 2026 for €120,000. Following the completion of the transaction, the bank was renamed Jute Bank.
Earlier, on November 4, 2025, the National Bank of Ukraine classified JSC RVS Bank as insolvent. The Deposit Guarantee Fund initiated the procedure to resolve the bank and announced a competition for potential investors.
As a result of the competition, on December 31, 2025, the Estonian financial group Iute Group was selected as the winning bidder. To implement the transaction, the Deposit Guarantee Fund established a bridge bank based on RVS Bank, which after completion of the deal was renamed Jute Bank.
The UAH 300 million recapitalization represents a key step in restoring the bank’s operations and signals investment support for Ukraine’s banking sector from foreign financial groups.
Following the completion of regulatory procedures, Jute Bank is expected to fully resume operations and expand its presence in the retail financial services segment.
