“Nova Poshta” Wants to Become a Bank: The Company’s Financial Plans
10 June 14:08
The Nova Group, which owns the “Nova Poshta” operator, is preparing to acquire BTA Bank (Kyiv) to establish a financial inclusion bank (FIB) based on it, according to the publication “Ekonomichna Pravda,” citing sources in the financial market and at the National Bank of Ukraine (NBU), as reported by "Komersant Ukrainian".
It is noted that negotiations are in an active stage and may be concluded by the end of summer. The logistics company has signed a memorandum with BTA Bank regarding the future acquisition of the institution and the creation of an FIB based on it. The process is scheduled to be completed in August 2026.
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At the same time, the NBU, in response to a request from the publication, stated that Nova has not yet formally submitted documents to purchase BTA Bank.
“We can confirm that Nova Poshta is interested in conducting banking activities, specifically as a financial inclusion bank. The National Bank, as the regulator, is currently conducting negotiations with representatives of various companies interested in obtaining FIB status, including representatives of this company,” the National Bank’s response states.
Nova Poshta declined to comment on the possible purchase of a bank and the creation of a financial inclusion bank, advising to wait until the end of summer, when “there may be more information” on these issues.
In response to a request from the publication, Yevhen Bezvushko, Chairman of the Board of BTA Bank, stated that the bank does not comment on information regarding potential agreements between third parties, nor on confidential information or information with restricted access.
Following the acquisition of BTA Bank, Nova Poshta plans to surrender its full banking license and obtain a limited license for a BFI—a new type of bank as provided for by the adopted amendments to the legislation, which are set to take full effect at the end of June 2026. For such institutions, restrictions have been established regarding lending to large businesses, securities transactions, and the maximum loan amounts for clients.
A banking license could give Nova Poshta’s clients the ability to open deposit accounts, while allowing the group itself to directly invest liquidity in government bonds and NBU deposit certificates, as well as save on banking services.
Currently, the international financial service NovaPay, part of the Nova Group, replaces deposits by selling its own bonds to clients; however, this instrument is more expensive for the company and offers less protection for depositors, as funds in bonds are not covered by the deposit guarantee system.
According to the National Bank, as of early 2026, BTA Bank was 100% owned by Kenes Rakishev, a citizen of Kazakhstan. As of May 1, 2026, the bank ranked last, 58th, among Ukraine’s solvent banks in terms of assets—UAH 296.04 million.
Its capital amounted to UAH 204.3 million, and investments in government bonds totaled UAH 170.2 million. In the first four months of 2026, the bank incurred a loss of UAH 7.1 million.
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