The event was attended by: Andrzej Duda — 10th President of Poland, member of the ZEN.COM supervisory board, Olga Bilay — Executive Director of the Deposit Guarantee Fund, Michał Bogusławski — CEO of ZEN.COM Europe, Maciej Rynazhevsky — Director of Strategy and Development at ZEN.COM, Viktoria Stepanets — Deputy Executive Director of the Deposit Guarantee Fund, and Oleh Malskyy, Partner at ETERNA LAW.
The ETERNA LAW team advised on all stages of the bank acquisition transaction, including: investor due diligence, obtaining permits from the NBU for the acquisition of a significant stake, approvals from the AMCU, and the signing of the sale and purchase agreement
with the Deposit Guarantee Fund.
It should be noted that the Polish fintech company ZEN.COM acquired 100% of the shares in the insolvent JSC “First Investment Bank” (PINbank), which had previously been confiscated from a Russian oligarch.
The agreement provides for the bank’s recapitalisation with the participation of an investor, the termination of the temporary administration, and its subsequent restructuring under the leadership of the new owner.
You can watch the briefing by the Deposit Guarantee Fund (DGF) and ZEN.COM on the DGF’s YouTube channel:
