Iute Group, the Estonia-based digital-first banking group, has revealed plans to acquire a banking licence held by a bridge bank in Ukraine. It also involves the “selective transfer of low-risk assets” and associated retail deposit liabilities totalling approximately €4m ($4.6m) from RWS Bank. This move follows approval from the National Bank of Ukraine for Iute Group to establish a regulated bank entity in the country. The transaction is part of an agreement with Ukraine’s state-owned Deposit Guarante ...