Ukrgasbank (d.b.a UGB) is a Ukrainian public bank headquartered in Kyiv that was established in 1993.[1] In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks.[2]
History
Hajibey Bank was established in Odesa in 1993. In 1995 it relocated its head office to Kyiv, renamed itself Intergasbank and specialized on clients in Ukraine's energy industry such as Ukrgas and Intergas.[3] Until 2009, its largest shareholder was Vasyl Horbal. That year, however, the bank underwent financial distress and was recapitalized by the Ukrainian state, resulting in public ownership of nearly 82 percent of equity capital.
When Anatolii Brezvin was appointed chairman of the Ukrgasbank board of directors in 2010, the decision was criticized as contrary to the