Fidobank was a universal commercial bank operating in Ukraine, formed after the acquisition of SEB Bank (a subsidiary of the Swedish SEB Group) by the O. Adarich Group in 2012. It aimed to be an innovative and customer-centric financial institution, offering services to both retail and corporate clients. However, the bank faced severe liquidity problems, and on May 20, 2016, the National Bank of Ukraine declared Fidobank insolvent. Subsequently, the Deposit Guarantee Fund of Ukraine initiated the liquidation procedure for the bank, effectively ending its operations.