In January 2007 PIVDENNYI Bank Group was created through the acquisition by PIVDENNYI Bank of a mid-sized Latvian wholesale bank Regional Investment Bank (RIB).

Such an acquisition has provided the Bank with an ability to expand its European presence through the establishment of RIB’s branches and representative offices in EU countries employing the simplified procedures under EU banking regulation, as well as granting the Group an access to cheap European customer deposits and extra tools for serving the supranational groups originated from Ukraine.