On Monday, the High Anti-Corruption Court (HACC) decided to convert 88.890583% of the shares of the First Investment Bank (PINbank, Kyiv) owned by Russian citizen Yevgeny Giner into state income.

"On February 27, a HACC panel of judges satisfied a claim of the Ministry of Justice of Ukraine against a Russian citizen ... By a court decision, the defendant's assets were recovered to the state's income - 88.890583% of the shares of a Ukrainian bank," the HACC said in a statement.

PINbank in terms of total assets (UAH 1 billion 206.97 million) ranked 57th among 67 banks operating in the country at the end of 2022. According to the NBU, it ended 2022 with a net loss of UAH 136.6 million. At the end of the year, it owned government bonds worth UAH 570 million.

Prior to the full-scale war, at the end of 2021, Oleksandr Yaroslavsky's Credit Dnipro bank announced its desire to buy PINbank.

As reported, in early February, the National Bank declared Forward Bank insolvent, the ultimate beneficial owner of which was another Russian citizen, Rustam Tariko, to which personal sanctions were also applied by the presidential decree in October 2022.