# PrivatBank + Privat24 (Ukraine)

> Source: https://docs.barcoder.ai/docs/wallets/privatbank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [PrivatBank — official](https://privatbank.ua/)

## Overview

**PrivatBank** is **Ukraine's largest bank**, with **19+ million active customers (2024)** <sup>[1][1], [2][2], [Ukraine report](https://docs.barcoder.ai/docs/payments/UA)</sup>. **Privat24** is **Ukraine's most popular mobile + web banking platform** — **almost every second adult Ukrainian uses Privat24**.

**Privat24 platform distinctive positioning** <sup>[3][3]</sup>:
- **Web version of Privat24 in TOP 20 most visited sites in Ukraine**
- **iOS + Android apps occupy leading positions in App Store + Google Play Finance category**
- **2025 updates focused on improving user experience + accessibility features**

**Distinctive PrivatBank ownership context**:
- **2016 — Ukrainian government nationalized PrivatBank** from **Igor Kolomoisky + Hennadiy Boholyubov** (former oligarchic owners).
- **Currently 100% state-owned** by **Government of Ukraine**.
- **Largest Ukrainian bank** despite nationalization-related challenges + 2022+ wartime context.

**August 2025 — Privat24 inclusivity + accessibility improvements** <sup>[4][4]</sup>: Enhanced banking app accessibility.

## History

**1992 — PrivatBank founded** <sup>[2][2]</sup> by **Igor Kolomoisky + Hennadiy Boholyubov + Sergiy Tigipko** — became Ukraine's largest bank.

**1999 — Privat24 online banking launches** <sup>[3][3]</sup> — Ukraine's pioneering online banking.

**December 2016 — PrivatBank nationalized by Government of Ukraine** from Kolomoisky + Boholyubov.

**2017-2024 — Continued mass Ukrainian adoption** <sup>[1][1]</sup>: 19M+ active customers.

**2022+ — Wartime banking continuity** since Feb 2022 Russian invasion.

**August 2025 — Privat24 inclusivity + accessibility improvements** <sup>[4][4]</sup>.

## Ownership & operator

**Operating entity**: **JSC CB PrivatBank** (Joint Stock Commercial Bank).

**Owner**: **Government of Ukraine** (100% state-owned since December 2016 nationalization).

**Former oligarchic owners (pre-2016)**: **Igor Kolomoisky + Hennadiy Boholyubov** (also Sergiy Tigipko earlier).

**Regulators**: **NBU (National Bank of Ukraine)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Privat24 mobile app (iOS + Android) + Privat24 web (TOP 20 most-visited Ukrainian websites) + PrivatBank cards + PrivatBank branch network |
| **Identifiers** | Phone + email + Ukrainian ID + card number |
| **License** | Bank (PrivatBank full NBU Ukrainian banking license; state-owned) |
| **Sub-products** | PrivatBank Account + PrivatBank Cards (Visa + Mastercard; Privat Money + Universalna + etc.) + PrivatBank Credit + PrivatBank Savings + PrivatBank Investments + PrivatBank Insurance + Privat24 for Business |
| **2025 Privat24 accessibility** | Inclusivity improvements (Aug 2025) |

## Users & growth

**2024-2025 baseline** <sup>[1][1], [3][3]</sup>:
- **Active customers (2024)**: 19+ million
- **Privat24 adoption**: Almost every second adult Ukrainian uses Privat24
- **Web Privat24 ranking**: TOP 20 most-visited Ukrainian websites
- **Mobile Privat24**: Leading positions in App Store + Google Play Finance category
- **August 2025 Privat24 inclusivity + accessibility improvements**

## Use cases

Ukrainian retail + corporate banking via Privat24 (Ukraine's most popular mobile + web banking platform); PrivatBank Account + Cards + Credit + Savings + Investments + Insurance + Privat24 for Business; Ukrainian wartime banking continuity since Feb 2022 Russian invasion.

## Implementations & partners

**Operator**: **JSC CB PrivatBank** (Government of Ukraine 100% state-owned since Dec 2016).

**Major Ukrainian banking competitors**:
- **[monobank (Ukraine)](https://docs.barcoder.ai/docs/wallets/monobank)** (Ukraine's largest commercial digital bank; 10.3M+ Ukrainians 2025; 9.77M active cards Jan 1 2025 NBU; ex-PrivatBank co-founders Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet)
- **Oschadbank** (Ukrainian state savings bank)
- **Ukrgasbank** + **PUMB (First Ukrainian International Bank)** + **Raiffeisen Bank Ukraine** + **Credit Agricole Ukraine**
- **Sense Bank** (formerly Alfa-Bank Ukraine; renamed post-2022 sanctions)

**Regulator**: **NBU (National Bank of Ukraine)**.

## Fun facts

- **Ukraine's largest bank** — 19M+ active customers (2024).
- **Privat24** = Ukraine's most popular mobile + web banking platform; almost every second adult Ukrainian uses Privat24.
- **Web Privat24 in TOP 20 most-visited Ukrainian websites**.
- **1992 founding by Igor Kolomoisky + Hennadiy Boholyubov + Sergiy Tigipko**.
- **December 2016 nationalized by Government of Ukraine** from Kolomoisky + Boholyubov.
- **Currently 100% state-owned**.
- **August 2025 Privat24 inclusivity + accessibility improvements**.
- **Distinctive ex-PrivatBank executives**: Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet left to co-found monobank (Ukraine's leading mobile-only digital bank challenger).
- **Ukrainian wartime banking continuity** since Feb 2022 Russian invasion.

## Comparison

| Feature | PrivatBank / Privat24 | [monobank (Ukraine)](https://docs.barcoder.ai/docs/wallets/monobank) (Ukraine's largest commercial digital bank rival; ex-PrivatBank executives founded) | Oschadbank (Ukrainian state savings bank) | PUMB (First Ukrainian International Bank) | Raiffeisen Bank Ukraine |
|---|---|---|---|---|---|
| Operator | **JSC CB PrivatBank (Government of Ukraine 100% state-owned since Dec 2016 nationalization)** | Universal Bank (Ukrainian banking license partner; Fintech-IT Group monobank developer $1B+ valuation Nov 2025; co-founders Oleg Gorokhovskyy + Mykhailo Rogalsky + Dmytro Dubilet ex-PrivatBank executives) | Oschadbank (Ukrainian state) | PUMB | Raiffeisen Bank Ukraine (Raiffeisen Group Austria affiliate) |
| Type | **Ukraine's largest bank + Privat24 most-popular UA mobile + web banking platform** | Ukraine's first + largest mobile-only digital bank | Ukrainian state savings bank | Ukrainian commercial bank | Austrian Raiffeisen Group affiliate |
| Country | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |
| Users | **19M+ active customers (2024); Privat24 nearly every 2nd adult Ukrainian uses** | 9.77M active cards Jan 1 2025 + 10.3M+ Ukrainians 2025 + 108B hryvnias deposits (~$2.5B USD) | Major UA state | Major UA | Major UA |
| Distinctive | **Ukraine's largest bank; 1992 founding by Kolomoisky + Boholyubov + Tigipko; Dec 2016 nationalization; Privat24 in TOP 20 UA websites; Aug 2025 inclusivity + accessibility improvements** | Ukraine's first mobile-only bank (Nov 2017); 2nd by active cards 2 consecutive years; Fintech-IT Group $1B+; co-founders ex-PrivatBank executives | UA state savings bank | UA commercial bank | Austrian Raiffeisen Group affiliate |

## Status

**Active, Ukraine's largest bank + Privat24 most-popular Ukrainian mobile + web banking platform** <sup>[1][1], [3][3]</sup>:
- **JSC CB PrivatBank (Government of Ukraine 100% state-owned since Dec 2016 nationalization)** since 1992.
- **19M+ active customers (2024) + Privat24 used by nearly every second adult Ukrainian + web Privat24 in TOP 20 Ukrainian websites**.
- **August 2025 Privat24 inclusivity + accessibility improvements**.
- **NBU regulated**.
- **Ukrainian wartime banking continuity since Feb 2022 Russian invasion**.

## Sources

[1]: https://en.wikipedia.org/wiki/PrivatBank "PrivatBank — Wikipedia"
[2]: https://privatbank.ua/en "PrivatBank — official"
[3]: https://en.privatbank.ua/privat24 "Privat24 — official"
[4]: https://privatbank.ua/en/news/2025/8/21/everything-at-hand-privat24-becomes-more-inclusive-and-even-more-convenient "Privat24 becomes more inclusive Aug 2025 — PrivatBank"
[ua-cro]: https://docs.barcoder.ai/docs/payments/UA

- [1] [PrivatBank — Wikipedia][1]
- [2] [PrivatBank — official][2]
- [3] [Privat24 — official][3]
- [4] [Privat24 inclusivity Aug 2025 — PrivatBank][4]
- <sup>[Ukraine report](https://docs.barcoder.ai/docs/payments/UA)</sup> In-corpus: `reports/countries/UA-ukraine.md`

## Source

Biography extracted from [privatbank.md](https://docs.barcoder.ai/source/wallets/privatbank). See `matrix.md` for standards-support matrix if present.