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Ukrposhta bank will be created in Ukraine

Ukrainian

Ukraine has agreed with the IMF to create special banks that can be tied to the postal infrastructure. This is stated in the updated memorandum on economic and financial policy, the text of which was published on site IMF.

The Ukrainian authorities undertook to prepare a draft law on new specialized and limited banking activities aimed at quick access to financial services based on the existing postal infrastructure, first in the areas affected by the war, by the end of July 2024.

"These specialized banks are subject to the Law on Banks and Banking Activities. They will participate in the Ukrainian deposit insurance scheme and will have strict conditions of limits imposed on lending and financing operations." - the text says about the obligations of the Ukrainian authorities.

In mid-December 2023, the General Director of Ukrposhta Ihor Smilyanskyi announced his continued interest in the transfer of shares of PINbank, which became state property within the framework of the implementation of sanctions.

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