How it affected banking services in Ukraine


The country’s largest bank shared new figures

PrivitBank Privit 24

How it affected banking services in Ukraine. Photo:

During the first four weeks of quarantine in Ukraine, the number of cash transactions by customers at the cash desks of PrivatBank branches decreased by 2.5 times. According to the press service of the financial institution, if at the beginning of March, customers do more than 480 thousand operations at the box office every day, since the beginning of this week, no more than 190 thousand cash payments have been made.

The number of daily operations for withdrawing cash from cards at the bank’s cash desk was reduced by 4.5 times – from 137 to 31 thousand operations per day. In addition, during the quarantine period, Ukrainians began to withdraw twice as much cash from financial institutions’ ATMs – with the beginning of March, their numbers had dropped from 2.7 million to 1.3 million operations per day.

At the same time, the bank saw an increase in the number of transactions when paying for purchases with cards in retail chains and online stores – up 34% from the previous year.

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Earlier we wrote that Privabank introduced credit holidays for borrowers for “loans on housing”, “autos by installments” and “credit secured by real estate”, which are experiencing difficulties due to the coronavirus epidemic.

In particular, the bank will offer credit holidays to customers who have faced financial difficulties (dismissals, leave at their expense, etc.) due to quarantine restrictions. Such customers have the right to defer all future payments until July 31, 2020, with the corresponding conclusion of additional agreements on loans or leases following the end of quarantine. You can learn about other concessions for customers of Ukrainian banks from articles Credit Holidays for Individuals: What Ukrainian Banks Offer.

Read: How to pay utilities in Privat24: step by step instructions


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