Important Notice: Rodovid Bank (ПАТ “Родовід Банк”) is no longer operating. The bank was declared insolvent in February 2016 and completed its liquidation process on February 13, 2023. This article provides historical information and guidance for former depositors.
Quick Facts: Rodovid Bank
| Bank Name | Public Joint Stock Company “RODOVID BANK” (ПАТ “Родовід Банк”) |
| Former Name | JSCB “Percombank” (until 2004) |
| Founded | November 1990 (as Percombank) |
| Headquarters | Kyiv, Ukraine |
| Status | ❌ Liquidated (February 13, 2023) |
| Nationalized | 2009 (99.97% state ownership) |
| Declared Insolvent | February 25, 2016 |
| EDRPOU Code | 14349442 |
| Regulator | National Bank of Ukraine (NBU) |
Why You Cannot Log In to Rodovid Bank
Rodovid Bank ceased all banking operations in February 2016. The National Bank of Ukraine and the Ministry of Finance declared the bank insolvent and transferred it to the jurisdiction of the Deposit Guarantee Fund of Ukraine (Фонд гарантування вкладів фізичних осіб). The bank’s license was revoked in December 2017, and the liquidation procedure was completed on February 13, 2023.
If you are a former depositor seeking information about your funds, you should contact the Deposit Guarantee Fund of Ukraine directly.
For Former Depositors: What to Do
If you had deposits with Rodovid Bank and have questions about your funds, here are your options:
Contact the Deposit Guarantee Fund of Ukraine
- Official Website: fg.gov.ua
- Purpose: Handles depositor claims for liquidated banks
- Coverage: During martial law, deposits are guaranteed in full; normally up to UAH 600,000
National Bank of Ukraine
- Website: bank.gov.ua
- Bank Registry: Rodovid Bank NBU Page
History of Rodovid Bank
Founding and Early Years (1990-2003)
Rodovid Bank began in November 1990 as the Joint Stock Commercial Bank “Personal Computer” (Percombank). The bank was re-registered by the National Bank of Ukraine in October 1991 following Ukrainian independence.
By 2003, Percombank held the 97th position among Ukrainian banks in terms of total assets and ranked 67th in retail loan portfolio.
Rebranding and Rapid Growth (2004-2008)
In 2004, the bank was purchased by a new management team led by Denis Gorbunenko. Under the rebranding program, the bank became OJSC “RODOVID BANK.” The bank implemented an aggressive growth strategy:
- 330% increase in loan portfolio
- 81% increase in deposit portfolio
- Rose to become one of Ukraine’s Top-20 banks by assets
By January 10, 2008, Rodovid Bank held the 19th position among 181 Ukrainian banks with total assets of ₴13.368 billion.
Financial Crisis and Nationalization (2008-2011)
The 2008-2009 global financial crisis hit Ukrainian banks hard. Rodovid Bank, along with Ukrgasbank and Bank Kyiv, faced severe liquidity problems. The Ukrainian government decided to nationalize these banks rather than allow their collapse, which would have had broader systemic effects.
Key developments during this period:
- 2009: Ukrainian government acquired 99.97% of Rodovid Bank shares
- 2009-2011: State provided UAH 12.35 billion in capital support
- 2011: Bank placed under financial recovery procedures
- Funds allowed payment of nearly UAH 10 billion to depositors, including transferred deposits from failed Ukrprombank
Decline and Insolvency (2011-2016)
Despite state support, Rodovid Bank failed to achieve sustainable recovery. The bank was intended to operate as a “bad bank” to manage problem assets, but continued to participate in questionable lending practices providing loans to low credit quality borrowers.
As of October 1, 2015, Rodovid Bank still ranked 20th among 123 operating banks with total assets worth UAH 121.6 billion, but this was largely composed of non-performing assets.
On February 25, 2016, the Ministry of Finance and National Bank of Ukraine jointly declared Rodovid Bank insolvent and transferred it to the Deposit Guarantee Fund.
License Revocation and Liquidation (2017-2023)
- December 2017: NBU revoked Rodovid Bank’s banking license
- December 27, 2017: Bank entered termination state following liquidation decision
- February 13, 2023: Deposit Guarantee Fund approved liquidation balance sheet, completing the liquidation procedure
What Happened to Depositors?
When Rodovid Bank was declared insolvent in 2016, eligible depositors were transferred to the Deposit Guarantee Fund’s reimbursement process. Key points:
- Guaranteed deposits: Individual depositors with accounts up to the guaranteed limit (UAH 200,000 at the time, now UAH 600,000) were eligible for reimbursement
- Claims process: Depositors could file claims with the Deposit Guarantee Fund
- Timeline: Most depositor reimbursements occurred between 2016-2017
Lessons from Rodovid Bank’s Failure
The Rodovid Bank case illustrates several important lessons for banking customers:
- Deposit insurance matters: Keep deposits within guaranteed limits
- State ownership ≠ safety: Government ownership doesn’t guarantee a bank’s survival
- Monitor bank health: Watch for signs of financial distress
- Diversification: Don’t keep all funds in one institution
Alternative Banks in Ukraine
If you’re looking for current Ukrainian banking services, consider these major operating banks:
- PrivatBank – Ukraine’s largest bank (state-owned since 2016)
- Oschadbank – State savings bank
- Raiffeisen Bank Ukraine – Austrian-owned international bank
- UKRSIBBANK – Part of BNP Paribas Group
- Ukrgasbank – State-owned (also nationalized in 2009)
Frequently Asked Questions
Can I still access my Rodovid Bank account?
No. Rodovid Bank was liquidated and all banking operations have ceased. There is no internet banking, mobile app, or branch access available.
What happened to my deposits?
Eligible deposits were covered by the Deposit Guarantee Fund. If you haven’t received your funds, contact the Deposit Guarantee Fund at fg.gov.ua.
Why was Rodovid Bank liquidated?
Despite receiving UAH 12.35 billion in state support between 2009-2011, the bank failed to achieve sustainable recovery. It continued problematic lending practices and was unable to meet its obligations.
Were there any criminal cases related to Rodovid Bank?
Yes. Ukrainian authorities have investigated embezzlement and mismanagement cases related to Rodovid Bank. Former management faced investigations regarding the use of state funds and lending practices.
Is the Deposit Guarantee Fund still accepting claims?
The liquidation was completed in February 2023. Contact the Deposit Guarantee Fund directly to inquire about any outstanding matters.
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Last Updated on February 11, 2026
URL: https://log-in.me/rodovidbank-kiev-ukraine/