Ukraine’s Privatbank Plans to Open 200 Branches This Year

PAO KB Privatbank, Ukraine’s largest lender, plans to add more than 200 branches across the country as it expands its business.

Privatbank, based in Dnipropetrovsk, added 266 branches last year, the lender said today in an e-mailed statement. The bank will have more than 3,600 branches nationwide by the year- end, according to the statement. It is owned by billionaires Igor Kolomoisky and Gennadiy Bogolyubov.

To contact the reporter on this story: or Daryna Krasnolutska at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net;