PIVDENNYI Bank (PB) established in 1993 is the tenth largest bank in Ukraine and the leading bank in the Southern Ukraine’s region with up to 30% market share. PB’s growing branch network today consists of 120 outlets across 18 regions of Ukraine. With its strong SME business, the bank is becoming a major player in the Black Sea region. PB is a full-service universal commercial bank with corporate clients covering many industries.
Pivdennyi Bank Group (PBG) established in 2007 through an acquisition by Pivdennyi Bank of the Regional Investment Bank (RIB) in Latvia. RIB established in 2001 is the eleventh largest bank in Latvia and provides a full scope of banking and financial services to corporate and individual customers. RIB comprises about 50% of the total assets of the Group and operates under its own brand name subject to EU and ECB regulation. PBG performs its expansion to EEC region through the establishment of branches and representative offices of RIB.