Wallets/privatbank
PrivatBank + Privat24 (Ukraine)
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Overview
PrivatBank is Ukraine's largest bank, with 19+ million active customers (2024) [1, 2, ua-cro]. Privat24 is Ukraine's most popular mobile + web banking platform — almost every second adult Ukrainian uses Privat24.
Privat24 platform distinctive positioning [3]:
- Web version of Privat24 in TOP 20 most visited sites in Ukraine
- iOS + Android apps occupy leading positions in App Store + Google Play Finance category
- 2025 updates focused on improving user experience + accessibility features
Distinctive PrivatBank ownership context:
- 2016 — Ukrainian government nationalized PrivatBank from Igor Kolomoisky + Hennadiy Boholyubov (former oligarchic owners).
- Currently 100% state-owned by Government of Ukraine.
- Largest Ukrainian bank despite nationalization-related challenges + 2022+ wartime context.
August 2025 — Privat24 inclusivity + accessibility improvements [4]: Enhanced banking app accessibility.
History
1992 — PrivatBank founded [2] by Igor Kolomoisky + Hennadiy Boholyubov + Sergiy Tigipko — became Ukraine's largest bank.
1999 — Privat24 online banking launches [3] — Ukraine's pioneering online banking.
December 2016 — PrivatBank nationalized by Government of Ukraine from Kolomoisky + Boholyubov.
2017-2024 — Continued mass Ukrainian adoption [1]: 19M+ active customers.
2022+ — Wartime banking continuity since Feb 2022 Russian invasion.
August 2025 — Privat24 inclusivity + accessibility improvements [4].
Ownership & operator
Operating entity: JSC CB PrivatBank (Joint Stock Commercial Bank).
Owner: Government of Ukraine (100% state-owned since December 2016 nationalization).
Former oligarchic owners (pre-2016): Igor Kolomoisky + Hennadiy Boholyubov (also Sergiy Tigipko earlier).
Regulators: NBU (National Bank of Ukraine).
Technical integration
| Layer | Description |
|---|---|
| Channels | Privat24 mobile app (iOS + Android) + Privat24 web (TOP 20 most-visited Ukrainian websites) + PrivatBank cards + PrivatBank branch network |
| Identifiers | Phone + email + Ukrainian ID + card number |
| License | Bank (PrivatBank full NBU Ukrainian banking license; state-owned) |
| Sub-products | PrivatBank Account + PrivatBank Cards (Visa + Mastercard; Privat Money + Universalna + etc.) + PrivatBank Credit + PrivatBank Savings + PrivatBank Investments + PrivatBank Insurance + Privat24 for Business |
| 2025 Privat24 accessibility | Inclusivity improvements (Aug 2025) |
Users & growth
- Active customers (2024): 19+ million
- Privat24 adoption: Almost every second adult Ukrainian uses Privat24
- Web Privat24 ranking: TOP 20 most-visited Ukrainian websites
- Mobile Privat24: Leading positions in App Store + Google Play Finance category
- August 2025 Privat24 inclusivity + accessibility improvements
Use cases
Ukrainian retail + corporate banking via Privat24 (Ukraine's most popular mobile + web banking platform); PrivatBank Account + Cards + Credit + Savings + Investments + Insurance + Privat24 for Business; Ukrainian wartime banking continuity since Feb 2022 Russian invasion.
Implementations & partners
Operator: JSC CB PrivatBank (Government of Ukraine 100% state-owned since Dec 2016).
Major Ukrainian banking competitors:
- [[monobank]] (Ukraine's largest commercial digital bank; 10.3M+ Ukrainians 2025; 9.77M active cards Jan 1 2025 NBU; ex-PrivatBank co-founders Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet)
- Oschadbank (Ukrainian state savings bank)
- Ukrgasbank + PUMB (First Ukrainian International Bank) + Raiffeisen Bank Ukraine + Credit Agricole Ukraine
- Sense Bank (formerly Alfa-Bank Ukraine; renamed post-2022 sanctions)
Regulator: NBU (National Bank of Ukraine).
Fun facts
- Ukraine's largest bank — 19M+ active customers (2024).
- Privat24 = Ukraine's most popular mobile + web banking platform; almost every second adult Ukrainian uses Privat24.
- Web Privat24 in TOP 20 most-visited Ukrainian websites.
- 1992 founding by Igor Kolomoisky + Hennadiy Boholyubov + Sergiy Tigipko.
- December 2016 nationalized by Government of Ukraine from Kolomoisky + Boholyubov.
- Currently 100% state-owned.
- August 2025 Privat24 inclusivity + accessibility improvements.
- Distinctive ex-PrivatBank executives: Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet left to co-found monobank (Ukraine's leading mobile-only digital bank challenger).
- Ukrainian wartime banking continuity since Feb 2022 Russian invasion.
Comparison
| Feature | PrivatBank / Privat24 | [[monobank]] (Ukraine's largest commercial digital bank rival; ex-PrivatBank executives founded) | Oschadbank (Ukrainian state savings bank) | PUMB (First Ukrainian International Bank) | Raiffeisen Bank Ukraine |
|---|---|---|---|---|---|
| Operator | JSC CB PrivatBank (Government of Ukraine 100% state-owned since Dec 2016 nationalization) | Universal Bank (Ukrainian banking license partner; Fintech-IT Group monobank developer $1B+ valuation Nov 2025; co-founders Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet ex-PrivatBank executives) | Oschadbank (Ukrainian state) | PUMB | Raiffeisen Bank Ukraine (Raiffeisen Group Austria affiliate) |
| Type | Ukraine's largest bank + Privat24 most-popular UA mobile + web banking platform | Ukraine's first + largest mobile-only digital bank | Ukrainian state savings bank | Ukrainian commercial bank | Austrian Raiffeisen Group affiliate |
| Country | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |
| Users | 19M+ active customers (2024); Privat24 nearly every 2nd adult Ukrainian uses | 9.77M active cards Jan 1 2025 + 10.3M+ Ukrainians 2025 + 108B hryvnias deposits (~$2.5B USD) | Major UA state | Major UA | Major UA |
| Distinctive | Ukraine's largest bank; 1992 founding by Kolomoisky + Boholyubov + Tigipko; Dec 2016 nationalization; Privat24 in TOP 20 UA websites; Aug 2025 inclusivity + accessibility improvements | Ukraine's first mobile-only bank (Nov 2017); 2nd by active cards 2 consecutive years; Fintech-IT Group $1B+; co-founders ex-PrivatBank executives | UA state savings bank | UA commercial bank | Austrian Raiffeisen Group affiliate |
Status
Active, Ukraine's largest bank + Privat24 most-popular Ukrainian mobile + web banking platform [1, 3]:
- JSC CB PrivatBank (Government of Ukraine 100% state-owned since Dec 2016 nationalization) since 1992.
- 19M+ active customers (2024) + Privat24 used by nearly every second adult Ukrainian + web Privat24 in TOP 20 Ukrainian websites.
- August 2025 Privat24 inclusivity + accessibility improvements.
- NBU regulated.
- Ukrainian wartime banking continuity since Feb 2022 Russian invasion.
Sources
- 1 PrivatBank — Wikipedia
- 2 PrivatBank — official
- 3 Privat24 — official
- 4 Privat24 inclusivity Aug 2025 — PrivatBank
- ua-cro In-corpus:
reports/countries/UA-ukraine.md
Source
Biography extracted from privatbank.md. See matrix.md for standards-support matrix if present.