First Investment Bank (PINbank) has denied information that the bank would allegedly soon become bankrupt.

"Information published by journalist Oleksandr Dubynsky that PINbank would allegedly soon become bankrupt is untrue. The journalist on his Facebook page using 'they say' words as a source of information without any documentary evidence reported that the bank is allegedly bankrupt. Dubynsky said that the bank is bankrupt today, but "they would announce it on Friday as usual." In respect to concerns of the bank's clients caused by media reports PINbank officially informs that the operation of the financial institution completely meets all the requirements set by the National Bank of Ukraine (NBU)," the bank said on its website.

Board Chairperson Iryna Kolesnyk said that current operations of the bank are usual and all payments are settled meeting the terms.

"We were and continue being a small, but stable and highly-liquid, bank. There are no any factors that can influence stability of our operations. PINbank has not received refinancing loans from the NBU. PINbank has no curator from the national regulator. Today the bank has 75% of quick liquidity. IBI-Rating assigned uaBBB+ to the bank," she said.

The bank considers spreading of untrue information in media as unfair competition. The bank urges mass media not to be the tool of manipulations in hands of unfair players on the financial market and use trusted sources of information.

PINbank was founded in 1997.

PINbank ranked 57th among 109 operating banks as of April 1, 2016, in terms of total assets worth UAH 1.108 billion, according to the NBU.