Business news from Ukraine

Business news from Ukraine

Privatbank announced malfunction

6 June , 2023  

PrivatBank, the largest on the market, confirmed disruptions and delays in the work of the bank’s services, in particular Privat24, ATM networks and card payments through merchant terminals.
“All IT specialists involved are working to restore stable work as soon as possible,” the financial institution said in a telegram message.
The bank thanked customers for their understanding and patience.
As stated by the National Bank in a report for 2022, the leaders in Ukraine on the issue of payment cards are state-owned PrivatBank and Oschadbank – respectively 43.8% and 15.4%, as well as Universal Bank (mono) – 13.2%.
The largest number of payment terminals on the market also belongs to PrivatBank – 60.4%, Oschadbank – 19.6% and Raiffeisen Bank – 7.6%.