KredoBank Expands Presence in Ukraine

KredoBank has been actively expanding its presence in Ukraine, with a focus on digital banking services. The bank's commitment to innovation has led to the development of a mobile app that allows customers to manage their accounts and conduct transactions remotely.

KredoBank's expansion efforts have been driven by the growing demand for digital banking services in Ukraine. According to the bank's reports, the number of mobile banking users has increased significantly in recent years.

The bank's strategic decision to focus on digital banking has paid off, with KredoBank now offering a wide range of services through its mobile app, including account management, payment processing, and loan applications.

KredoBank has a dynamic organizational structure that allows for rapid response to changing market conditions. This is necessary due to the bank's growth, expansion into new geographic markets, and implementation of new banking technologies.

As of 1 May 2020, the bank has a main office and 88 outlets. The bank employs over 2,000 people, most of whom have high levels of financial and economic education.

The majority of employees are young people under 35 years of age. This suggests a focus on developing the skills and knowledge of a new generation of bankers.

The bank invests in business training for its personnel, with assistance from international institutions like the British Know How Fund and ACDI / VOCA. This helps employees gain valuable experience and knowledge.

PKO BP SA also provides significant assistance in training, allowing personnel to learn from the Polish financial markets.

KredoBank has joined the Lviv IT Cluster, becoming a new partner in the community of information technology companies in Ukraine.

The bank is valued for its significant contribution to the IT industry as a developer and implementer of digital solutions for cutting-edge banking services.

KredoBank's Chairman of the Management Board, Jerzy Jacek Szugajew, is confident that being part of the Lviv IT Cluster will enable the bank to exchange knowledge and enhance its services and offerings.

KredoBank has become a new partner of the Lviv IT Cluster, joining the largest community of information technology companies in Ukraine.

The bank's Chairman of the Management Board, Jerzy Jacek Szugajew, sees this partnership as an opportunity to exchange knowledge and enhance their services.

KredoBank has over 33 years of market experience, making it one of Ukraine's systemically important banks.

As part of the PKO Bank Polski financial group, KredoBank operates in 22 regions of Ukraine.

The EU and EBRD are partnering to support Ukraine through a new risk-sharing agreement with KredoBank. This arrangement will provide trade finance support to Ukrainian businesses, particularly those in essential industries such as primary agriculture and agricultural services.

The EBRD is committing €25 million to guarantee 50% of the credit risk for new financing provided by KredoBank, up to an overall value of €100 million. This facility will be delivered in two equal tranches.

This risk-sharing facility will enable KredoBank to extend financing to Ukrainian firms in industries like food processing, transport, and logistics, retail, and pharmaceuticals. It will also contribute to securing food safety and maintaining livelihoods in Ukraine.

€15 million of the overall €100 million covered portfolio will be open to micro-, small- and medium-sized enterprises (MSMEs) to buy greener technologies and equipment. This will aid Ukrainian MSMEs in adhering to EU technical and sanitary norms.

KredoBank and its customers will gain access to expert advice through training and support from consultants, as part of the EU's SME Competitiveness programme (EaP SMEC). Eligible borrowers may also obtain grant aid in the form of investment incentives when their investment projects are completed.

The EBRD's facility will be augmented by a 50% donor-funded first-loss risk cover within the Bank's resilience package arrangements. This raises the aggregate volume of financing facilitated to €468 million under similar guarantees since the war's commencement.

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KredoBank's business operations are designed to be efficient and secure. The bank uses a robust core banking system to manage its operations, ensuring that all transactions are processed quickly and accurately.

KredoBank has a large network of over 100 branches and more than 2,000 ATMs, making it one of the most accessible banks in the country.

With its extensive network, KredoBank is able to provide its services to a wide range of customers, from individuals to large corporations.

Kredobank's expansion of its offer is a significant development, allowing the bank to provide more products and services to its clients.

The bank has concluded a new risk-sharing agreement with the European Bank for Reconstruction and Development (EBRD), which will enable it to expand its product offering, including guarantees and advances.

This agreement is worth EUR 25 million, covering 50% of the credit risk under the new KredoBank financing for a total amount of EUR 100 million.

The risk-sharing instrument will help Kredobank provide access to financing to Ukrainian companies operating in critical sectors, such as agriculture and food processing.

Kredobank will also be able to provide financing for long-term investments by micro, small and medium-sized enterprises in technologies and equipment compliant with EU standards.

This will include investments in sustainable and green technologies, which will help support Ukraine's economic recovery.

The new agreement will open up new opportunities to increase the volume of loans and support critical industries, which is essential for Ukraine's economic stability.

JSC KREDOBANK's NAICS codes are [52, 522110, 522, 52211, 5221]. This is important to know if you're looking to categorize their business operations.

NAICS codes are used to classify businesses by their industry. JSC KREDOBANK's codes indicate they operate in the finance and insurance sector.

The NAICS code 52 represents the finance and insurance sector, while 522110 specifically indicates commercial banking.

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At KredoBank, the leadership team is comprised of experienced professionals who have made significant contributions to the bank's growth and success.

The bank's CEO, a seasoned banker with over 15 years of experience, has been instrumental in shaping the bank's strategy and direction.

Under their guidance, the bank has expanded its services to cater to the evolving needs of its customers, including the introduction of digital banking solutions.

Adam Orzechowski is the Managing Director of Retail Clients Division of JSC KREDOBANK.

The Managing Director of Retail Clients Division is a key position that oversees the retail client division of JSC KREDOBANK.

Meet the Top Employees who make key personnel decisions at our company. They're the ones who help us stay on track and achieve our goals.

Our CEO, Jane Smith, has been with the company for over 10 years and has a proven track record of success. She's a highly skilled leader who has a deep understanding of our company's vision and values.

Our COO, John Doe, has a background in finance and has been instrumental in helping us navigate complex financial decisions. He's a numbers guy who always looks for ways to improve our bottom line.

Our CMO, Emily Johnson, has a marketing background and has been instrumental in helping us develop and implement our marketing strategy. She's a creative problem solver who always thinks outside the box.

Our top employees are also known for their strong work ethic and commitment to excellence. They're the ones who consistently deliver high-quality results and go above and beyond to support their colleagues.