In 1995 it relocated its head office to Kyiv, renamed itself Intergasbank and specialized on clients in Ukraine's energy industry such as Ukrgas and Intergas.

That year, however, the bank underwent financial distress and was recapitalized by the Ukrainian state, resulting in public ownership of nearly 82 percent of equity capital.

[3]: 26 When Anatolii Brezvin was appointed chairman of the Ukrgasbank board of directors in 2010, the decision was criticized as contrary to the law of Ukraine which required this position be filled by a person with three years of experience operating a bank.

[1] As of 2019, however, the government of Ukraine owned 95 percent of its equity capital,[6] and Ukrgasbank is still under public ownership as of 2024.

[7] In April 2024, Ukrgasbank announced a partnership with the European Bank for Reconstruction and Development to provide credit to Ukrainian small businesses despite the difficult conditions of the Russo-Ukrainian War.