Core Viewpoint - Iute Group, a digital-first banking group based in Estonia, plans to acquire a banking license from a bridge bank in Ukraine, along with a selective transfer of low-risk assets and retail deposit liabilities totaling approximately €4 million ($4.6 million) from RWS Bank [1][2]. Group 1: Acquisition Details - The transaction is part of an agreement with Ukraine's state-owned Deposit Guarantee Fund, facilitating Iute Group's entry into the Ukrainian market [2]. - The acquisition will be funded using existing liquidity within Iute Group [2]. - The assets being transferred primarily consist of government bonds and cash, with no loan portfolio or related credit risk included in the transaction [2]. Group 2: Customer and Operational Impact - Approximately 13,000 retail customers, along with their accounts and deposits, are expected to transfer as part of the deal [3]. - No branch network is included in the takeover, and the new Ukrainian banking entity will become the legal successor to selected assets and deposit liabilities transferred from RWS Bank [3]. Group 3: Management and Strategic Goals - Arthur Muravitsky has been appointed to lead the new operation, bringing over 22 years of experience in Ukraine's financial sector [4]. - Initial priorities for the Ukrainian entity include securing adequate capital, assembling a management team, and preparing for the launch of digital services under the IuteBank brand [4]. - The CEO of Iute Group emphasized that this step supports the long-term objective of expanding digital banking services in a disciplined and responsible manner [5].