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History and achievements
Bank Vostok and Fozzy Group won the Best FinTech ecosystem nomination at the annual professional award Ukrainian Fintech Awards 2023
This is the award for the best and most innovative fintech ecosystem in Ukraine. Together with our partner, we have proven that even in wartime we are able to implement new projects, support customers, and help the economy.
Bank Vostok joined POWER BANKING
In December 2022, Bank Vostok joined the NBU's POWER BANKING unified banking network, a network of Ukrainian banks' regular branches operating during the blackout. As of today, Bank Vostok has 77% of regular branches.
Bank Vostok acquires bonds issued by Canada to support Ukraine
In the winter 2022, Bank Vostok was the first Ukrainian bank to acquire the Ukrainian Sovereignty Bonds issued by the Canadian government. "The Ukraine Sovereignty Bonds" are aimed at providing financial support to Ukraine. The funds from the sale of the bonds will help the Ukrainian government continue to provide basic services to Ukrainians.
Bank Vostok has opened a large Unbreakable Point in Odesa
In December 2022, with the support of Bank Vostok and the Charitable Foundation "Myloserdia Viktor", a large Unbreakable Point was opened with an area of 300 m2, which can accommodate up to 200 people. It is located at the following address: 39 B Hrushevskoho str.
Signing a Memorandum to support the military servicemen
In November 2022, in order to support the military servicemen, Bank Vostok, the Charitable Foundation "Myloserdia Viktor" and the 126th Separate Territorial Defence Brigade of Odesa city signed a Memorandum of Interaction and Cooperation open for accession. Thus, assistance to the brigade is provided on a regular basis and promptly.
Bank Vostok was named the People's Bank at the FinAwards2021
On May 21, the FinAwards 2021, the 4th award ceremony for special achievements in the banking sector took place in Kyiv. Bank Vostok took part in the “People's Bank” category and was among the five winners.
At the annual forum, the Visa payment system awarded Bank Vostok a diploma for promoting cashless payments in digital.
During the period of long and productive cooperation, Visa and Bank Vostok launched a number of promotional offers and successful projects for the bank's customers aimed at increasing loyalty to online purchases and cashless payments. Achievements were recognized by the award from Visa.
International Rating Agency Moody's Investors Service («Moody's») assigned ratings to Bank Vostok for the first time, including the B3 baseline credit assessment and a long-term counterparty risk rating according to the national scale.
The agency notes the high quality of assets, good ability to absorb possible losses due to the bank’s sufficient capitalization and its good profitability, as well as high liquidity. At the same time, Moody's agency points out that the Bank's activities are carried out against the background of Ukraine's weak macroeconomic profile.
Bank Vostok ranked third among Ukraine's technology banks at the «FinAwards 2020» awards ceremony.
Bank Vostok ranked third in the «Technology» nomination for launching a 24/7 chat bot support. FinAwards 2020 is the annual award established by the «Мinfin» and web site
The Chairman of the Management Board of Bank Vostok received the highest award of the Ukrainian Red Cross Society
Vadym Morokhovskyi was awarded the Certificate of acknowledgement for a significant contribution to the humanitarian mission of the Red Cross Society of Ukraine in joint work with the Odessa City Council on prevention of the spread of acute respiratory disease COVID-19 in Odessa City. The "Honorary Award" was issued on the basis of the Resolution of the Presidium of the Board of the Red Cross of Ukraine.
The Chairman of the Board of the Bank Vostok became a member of the Maritime Chamber of Ukraine.
Vadim Morokhovsky became an honorary member of the Maritime Chamber of Ukraine, and Bank Vostok acquired the status of a member of the MCU.
Bank Vostok was nominated with two awards at once at Mastercard Day 2019
«Let's make Odessa great again» for implementation of contactless payment of fares on the Odessa funicular and a partnership program 2019 with the Green Theater.
«QR & Masterpass solution for Silpo» for the fact that now in the Silpo app you can add a card once and then pay with a QR-code.
Bank Vostok supported the Green Theater project and, together with Mastercard, introduced two unique cards
Bank cards for the Green Theater’s friends are at the same time club cards and exist in two forms: Friend card and Guest card.
Bank Vostok upgraded credit rating to uaAА+ level
Rating Agency «Credit Rating» announced upgrading the long-term credit rating of Bank Vostok to uaАА+ level. Rating outlook is stable.
Bank Vostok launched a chat bot in Viber and Telegram
Starting from August 28, Bank Vostok customers can contact the bank via Viber and Telegram.
Bank Vostok have received two unique for the country loans of $8 million each
Loans until 2028 from the financial company WorldBusiness Capital with the support of the US government organization OPIC were provided to support small and medium-sized businesses and support companies where women are presented as the owners or management staff.
We received an international loan with the support of the American government organization.
The bank received 8 million dollars for a period of 10 years from the financial company World Business Capital. The loan is guaranteed by the US government organization OPIC. Overseas Private Investments Corporation supports the investment of US private business abroad.
We were chosen by the State Treasury for cash services to managers and recipients of budget funds.
State Treasury during the competitive selection has chosen our Bank. Now we will be involved in the cash services of the managers and recipients of budget funds and other customers for the delivery of cash by checks of the State Treasury in 2018-2020.
Vostok Bank has increased its authorized capital.
By decision of the shareholders' meeting, Vostok Bank has increased its capital by 78.067 million UAH.
Bank Vostok appeared in the TOP-5 of the best banks for physical persons.
The “Explicit Buyer” Project of Ukrainian Interbank Association of Payment Systems Members (ЕМА) identified the leaders of the banking market. Based on the research findings Bank Vostok was in the TOP-5 of banks, having taken the 4th place.
Bank Vostok raises credit rating to uaAA.
The rating agency Credit Rating announced the upgrade of Bank Vostok's long-term credit rating to uaAA. The rating outlook is stable.
The uaAA rating is characterized by very high creditworthiness compared to other Ukrainian borrowers or debt instruments.
A stable outlook indicates that the rating will not change in the forthcoming year.
An increase in the rating is based on many factors, among which are: an increase in the volume of authorized capital; acceptable structure of customer loan portfolio; high efficiency indicators of the main activity.
We took the first place among banks with Ukrainian capitalin the rating of feasibility.
In the rating Vostok Bank stands above other banks with Ukrainian capital. And for instant liquidity is on the second place after Raiffeisen Bank Aval.
We are the first to implement the function of adding cards to the Masterpass wallets from the online-bank.
Thanks to the cooperation between Vostok Bank and Masterсard, customers can add a card to Masterpass, within their usual online-bank.
Vostok Bank was authorized to pay pensions and salaries to state employees.
Banks were selected by such criteria as compliance with NBU standards, the absence of sanctions and liability owed to the Guarantee Fund and to the budget. We have received the right to pay pensions, monetary support and wages to employees of budgetary institutions.
Bank Vostok was named the most reliable bank for business.
The International Financial Club "Банкиръ" (Bankyr) and the University of Banking have determined the winners of the X All-Ukrainian contest "Bank of the Year - 2018"
Determination of the best banking institutions in Ukraine was based on surveys of Ukrainian banks, their clients, the thoughts of competent experts of the National Bank of Ukraine, University of Banking, League of Insurance Companies of Ukraine, National Financial Services Commission, rating agencies, business media partners.
We took 6thplace among all 63 private banks of Ukraine, according to the NBU version
Our online-bank and mobile app are recognized to be one of the best in Ukraine.
We were nominated for «The best bank mobile application» and «Best Internet banking in Ukraine» and won the second place by the results of the voting of the PaySpace Magazine expert publication.
Chairman of the Board Vadim Morokhovskyi became a prize winner of the 21st national program «Person of the Year — 2016» in nomination «Financial Expert of the Year;.
Hit top 10 of the most reputable banks.
«Ukrainian Reform Project» has published a rating of financial stability of Ukrainian banks. According to the experts' conclusions, Vostok Bank is included in TOP-10 of the most reliable banks in the bank financial strength rating of Ukrainian banks.
We increased our long-term credit rating to uaAA-, which means a high creditworthiness and stable outlook.
We issued "Vlasnyi Rahunok" cards with a payment function, and MasterCard awarded us a diploma for MasterCard day 2016 for innovative solutions in the field of introduction of prepaid payment cards.
NBU divided banks by new criteria into 4 groups. We entered Group 1 — banks, whose share is more than 0.5% of the assets of the banking system.
We joined the Independent Association of Banks of Ukraine. This gives us latest information on changes in legislation and effective protection of our rights and interests.
Vadim Morokhovskyi took the third place in nomination "Financial Expert of the Year" in the national program "Person of the Year 2015".
We became the golden sponsor of IT conference of the BlackSeaSummIT, which brought together 600 participants from Ukraine, Poland, the Baltic States, Sweden, Germany, the United Kingdom and the United States.
Bank Vostok was the main partner of the 3rd International Forum on the Education, Training and Employment of Seafarers.
Vadim Morokhovskyi became an honorary citizen of Odessa Region for his contribution to the public activities of the region. That way, he supports charitable foundations, takes care of the children's chess school, assists children's medical institutions, has opened the Museum of Modern Art of Odessa, has initiated restoration of the halls of the Museum of Western and Eastern Art.
We moved from the fourth to the third group of banks according to the NBU classification — this is a group of medium-sized banks with assets of more than 3 billion UAH.
Bank Vostok three times became an agent to pay out the amounts of the Fund for Guaranteeing Deposits of Individuals.
Paid money to depositors of the banks "Porto Franco", "City Commercial Bank" and "Nadra." This means that our Bank is trusted and our professionalism is highly appreciated.
Bank Vostok won the competitive selection of the Pension Fund and the Ministry of Social Policy of Ukraine. Banks were selected that would pay pensions and social assistance upon the consent of the recipients.
Vadim Morokhovskyi received a diploma in nomination of "Best Top-Managers of Regional Banks" in the rating "The Best Banks and Bankers of Ukraine" according to the version of the publication "Galician Contracts" (“Halytsky Kontrakty”)
The Bank of New York Mellon handed us a certificate of 100% quality of payment instructions at a workshop in New York. This allowed us to process payments in dollars in automatic mode.
We received a diploma in the all-Ukrainian competition "Bank-2013" in nomination of "Best Regional Bank" according to the magazine "Banker".
At the first International Tournament "What? Where? When? "among non-professionals, our team became the champion in the corporate standings and took the second place in the overall standings among 16 teams.
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