Draft:Accordbank
Accordbank is a Ukrainian private commercial bank, founded in 2008. The bank serves individuals, small and medium-sized businesses, as well as large national companies, providing a full range of banking and financial products and services. The bank's headquarters is located in Kyiv.[1]
Accordbank ranks 8th among all banks in Ukraine in terms of network size.[2]
The nationwide network of Accordbank has 160 branches and 92 regional loan offices. By July 1, 2024, the bank had over 190,000 private and 18,000 corporate clients.
In addition, since 2021, Accordbank has launched its own cash-in-transit service that provides services to businesses, government institutions, and both state and commercial banks in 339 cities across Ukraine.[3]
Accordbank is a member of the POWER BANKING unified network, established at the initiative of the National Bank of Ukraine. This network is equipped with alternative energy sources, backup communication channels, enhanced cash collection, and additional personnel to provide services to clients during blackouts.[4]
| Public Joint Stock Company
«COMMERCIAL BANK «ACCORDBANK»  | |
|---|---|
| Company type | public joint-stock company |
| Industry | financial services |
| NBU licence | No. 245 dated November 7, 2011 |
| Founded | 2008 |
| Headquarters | 6, Stetsenka street, Kyiv, Ukraine |
| Number of branches | 160 |
| Motto | Safe. Simple. Professional |
| Key people | Oleksiy Rudnev – CEO, co-owner
Danylo Volynets – Chairman, co-founder & beneficial owner |
| Assets | UAH 20.3 billion (2023)[5] |
| Own capital | UAH 450.9 million (2023) [5] |
| Net profit | UAH 54.5 million (2023)[5] |
| Number of employees | 1500 |
| Owners | Danylo Volynets
Oleksiy Rudnev Serhiy Mischenko |
| Site | accordbank.com.ua |
History
[edit]Aссordbank was founded in 2008 and received its registration certificate No. 324 from the National Bank of Ukraine on 04.06.2008, as well as membership in the Association of Ukrainian Banks (AUB).[6]
In 2012, the Accordbank received a high deposit reliability rating uaAA+ from "Standard Rating" agency.[7]
In 2020, Accordbank raised its long-term credit rating to the level of uaAAA.[7]
In 2017, a team of professionals with strong corporate experience joined the bank, introducing new approaches based on the best global banking practices. Over seven years, Accordbank increased its assets 44 times, from 450 million to 20 billion UAH. The bank also significantly expanded its national branch network: initially, there were only 5 branches; by 2022, there were 109, and now there are 160.
Today, Akkordbank is a modern, national-scale universal bank focusing on the growth of its transactional business. Its range of services covers all segments, from private individuals to large corporate clients.
Owners and management
[edit]Since 2021, Oleksiy Rudnev, co-owner of Accordbank, has been the Chairman of the Board[8].
Danylo Volynets is the main shareholder and Chairman of the Supervisory Board of Accordbank. Also, Danylo Volynets is a member of Council of the Independent association of banks of Ukraine (IABU).[9][10]
Activity
[edit]Accordbank is a large Ukrainian bank with private capital that provides a full range of banking services. It ranks among the top 8 largest banks in Ukraine by regional network size, and in 2023, Accordbank ranked 21st by assets in Ukraine's banking system[2][11].
The bank is also actively developing and enhancing its online services, including a mobile application for retail clients and a separate mobile application for businesses.
Best Accordbank products
[edit]«Easy» Loan
[edit]In 2024, Aссordbank significantly improved the terms of its «Easy» Loan, notably reducing the monthly fee to 1.99%, making it one of the most attractive loan products on the market. The maximum loan amount is 500,000 UAH, with a maximum term of 60 months. The actual annual interest rate ranges from 0.1% to 51%, depending on the loan conditions and the borrower's creditworthiness.[12]
«The best» Credit Card
[edit]In 2023, the bank introduced "The best" credit card, offering a range of favorable terms. It allows for a credit limit of up to 250 000 UAH with an interest-free grace period of up to 62 days. Users can withdraw their own funds for free up to 100 000 UAH per month at any ATMs or bank cash desks in Ukraine, as well as replenish the card for free. Transfers between bank cards via internet banking are also free of charge, up to 100 000 UAH per month. The minimum payment for using the card's credit funds is only 5% of the debt amount.[13]
«New money» Deposit
[edit]The "New money" deposit is a profitable product that offers an attractive fixed interest rate over various terms. The deposit can be opened by clients with existing balances in UAH, USD or EUR, or by new clients with no previous deposits. One of its key advantages is the monthly interest payout, along with convenient management of the deposit via internet banking. The bank guarantees the safety of funds as a participant in the Individual Deposit Guarantee Fund of Ukraine.[14]
Overnight Deposit
[edit]The Overnight Deposit is a simple and quick way for legal entities and individual entrepreneurs to earn daily income, allowing them to place free cash flows in a deposit every evening and receive accrued interest along with the principal by the next morning. This convenient, automated product for businesses enables funds to earn without requiring active management, providing maximum returns compared to other deposit products.[15]
Bank Guarantees
[edit]Accordbank offers a wide range of bank guarantees tailored to meet specific needs—from supporting the activities of travel agencies or operators to state and commercial procurements, securing customs payments, and ensuring financial obligations for escrow accounts. Accordbank is a highly reliable guarantor, valued by beneficiaries, providing guarantees without requiring a current account, collateral, within individual limits, in as little as 2 hours, and with customized rates.[16]
Currency transactions
[edit]Accordbank offers business support in the area of foreign economic contracts approval, preliminary verification of documents related to foreign economic activity and/or contracts on the purchase and sale of corporate rights, assignment contracts, loans from non-residents and other contracts/documents related to the movement of capital or the transfer of claim rights and other similar operations. Individual tariffs for the purchase/sale of non-cash foreign currency, direct dealing service, counter sale, approval of an individual transfer route are available.[17]
Financial reporting
[edit]For 2023, Accordbank received a net profit of UAH 54.5 million. The Bank's net interest income for 2023 compared to 2022 doubled to UAH 826.7 million, and net commission income grew by 36% to UAH 652.4 million.[18]
Partnerships and cooperation
[edit]- Acordbank is an Affiliate member of MasterCard Worldwide
- Member of the Independent Association of Banks of Ukraine (IABU)[19]
- Member of the Individual Deposit Guarantee Fund (IDGF)[20]
- Member of the European Business Association (EBA)[21]
- Member of the American-Ukrainian Business Council in Washington, USA[22]
- Member of the Professional Association of Capital and Derivatives (PACD)[23]
Ratings and Awards
[edit]Accordbank has a national credit rating of uaAAA, is among the TOP-25 financial institutions of the country by the amount of funds (individuals and legal entities) and is among the TOP-25 banks of Ukraine by assets, according to NBU reports.[7][11]
Four years in a row from 2020 to 2023, Accordbank became the winner of the "Bank of the Year" competition in two nominations: "The best bank in the field of transaction services" and "For quality banking service", which is held by the International Financial Club "BANKIR".[24][25]
In October 2024, Accordbank received the prestigious Banker Awards 2024 from Banker.ua for the «Easy» loan, which was recognized as the best loan for individuals based on the criterion of total loan costs.[26]
In November 2024, Accordbank was awarded the "Bank No. 1 by deposit programs for individuals" Award from the International Financial Club "BANKIR" for its favorable deposit offers and high standards of customer service.[27]
Aid to the Armed Forces of Ukraine
[edit]In 2022, Accordbank had the largest indicator among all banks of Ukraine in terms of the amount of aid to the military, which amounted to more than 200 multi-purpose and armored cars.[28]
In 2023, Acordbank's volunteer team provided the front line with drones of various modifications: during the year, Acordbank purchased, restored and handed over 540 drones to military personnel.[28]
In January 2024, Acordbank supported the "Precious Anger" project from the "Come back alive" fund by transferring a million UAH to strengthen snipers for effective reconnaissance and hitting targets at a distance of more than 2 km.[29]
Acordbank actively participates in the meetings of the fundraising platform UNITED24. In particular, during 2024, the bank supported the Okhmatdyt Children's Hospital with a donation of UAH 1 million, the production of ground combat and universal robots with UAH 1 million, as well as another UAH 1 million for the collection of 35 Sea Baby drones for the SSU.[30][31][32]
In August 2024, Accordbank allocated another UAH 1 million for charity - this time a bomber drones complex was purchased for an assault brigade in Eastern Ukraine.[33]
From the beginning until September 2024 of the russian full-scale invasion into Ukraine, the Accordbank team purchased, repaired and returned to the front line more than 1,050 Mavic (3, 3E, 3T and 3 Classic), Autel 4T and FPV drones. The total cost of purchasing new drones amounted to over UAH 20.4 million, the cost of repair work reached UAH 7.5 million.[34]
Regular donations from employees and shareholders of Accordbank make it possible to implement powerful own and partnership initiatives to support the Armed Forces of Ukraine.
References
[edit]- ^ "Акордбанк - Головна". accordbank.com.ua. Retrieved 2024-11-12.
- ^ a b "Наглядова статистика". Національний банк України (in Ukrainian). Retrieved 2024-11-12.
- ^ National Bank of Ukraine. Licences (PDF).
- ^ "Power Banking". power.bank.gov.ua (in Ukrainian). Retrieved 2024-11-12.
- ^ a b c "Annual report 2023" (PDF). accordbank.com.ua (in Ukrainian). Retrieved 2024-11-12.
- ^ "Пошук банків". Національний банк України (in Ukrainian). Retrieved 2024-11-13.
- ^ a b c "Standard Rating Certification" (in Ukrainian). Retrieved 2024-11-12.
- ^ "НБУ погодив главу Акордбанку". minfin.com.ua (in Ukrainian). Retrieved 2024-11-13.
- ^ "Керівництво". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Рада НАБУ". НАБУ (in Ukrainian). Retrieved 2024-11-12.
- ^ a b "Рейтинг банків за обсягом активів: Сенс Банк/Альфа-Банк рік тому був 6-им, а став 10-им - FINBALANCE". finbalance.com.ua. Retrieved 2024-11-12.
- ^ "Кредит «Простий»". finclub.net. Retrieved 2024-07-15.
- ^ "Найкраща картка". minfin.com.ua. Retrieved 2024-11-13.
- ^ "Вклад "Нові гроші"". minfin.com.ua. Retrieved 2024-11-13.
- ^ "Депозит "Овернайт"". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Банківські гарантії". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Валютні операції". accordbank.com.ua. Retrieved 2024-11-12.
- ^ Accordbank. Annual report 2023 (PDF).
- ^ "Банки-учасники НАБУ". НАБУ (in Ukrainian). Retrieved 2024-11-12.
- ^ "Банки-учасники Фонду гарантування вкладів фізичних осіб". www.fg.gov.ua. Retrieved 2024-11-12.
- ^ EBA. List of members.
- ^ "U.S.-Ukraine Business Council (USUBC)". usubc.org. Retrieved 2024-11-12.
- ^ "Перелік учасників ПАРД". www.pard.ua. Retrieved 2024-11-12.
- ^ "Пост-реліз присвячений нагородженню переможців на урочистому заході: - International Financial Club "BANKIR"" (in Ukrainian). 2022-11-01. Retrieved 2024-11-12.
- ^ "ПОСТ-РЕЛІЗ «XV ВСЕУКРАЇНСЬКОГО КОНКУРСУ «БАНК РОКУ-2023» та «XVIII ВСЕУКРАЇНСЬКОГО КОНКУРСУ «СТРАХОВА КОМПАНІЯ РОКУ-2023» - International Financial Club "BANKIR"" (in Ukrainian). 2023-11-17. Retrieved 2024-11-12.
- ^ "AWARDS.BANKER" (in Ukrainian). Retrieved 2024-11-12.
- ^ "Пост-реліз присвячений нагородженню переможців на урочистому заході: - International Financial Club "BANKIR"" (in Ukrainian). 2022-11-01. Retrieved 2024-11-12.
- ^ a b "У 2023 році Акордбанк сплатив до бюджету близько 337 млн грн податків та придбав і відновив понад 540 дронів для ЗСУ". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Акордбанк спрямував 1 млн грн на підсилення 100 снайперів". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Акордбанк підтримує Охматдит донатом в 1 мільйон гривень". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Акордбанк спрямував 7-значну суму на виробництво бойових наземних роботів для ЗСУ". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Акордбанк спрямував 1 000 000 грн на 35 морських дронів Sea Baby для СБУ". accordbank.com.ua. Retrieved 2024-11-12.
- ^ "Комплекс дронів-бомберів від Акордбанку вже поїхав на передову". finance.ua. Retrieved 2024-11-13.
- ^ "Команда Акордбанку придбала та поновила роботу понад 1050 дронів на суму близько 28 млн грн для фронту". finance.ua. Retrieved 2024-11-13.