Business news from Ukraine

Business news from Ukraine

PrivatBank launches round-the-clock currency exchange via ATMs

23 December , 2024  

State-owned PrivatBank (Kyiv) is launching a round-the-clock currency exchange service through specialized ATMs called ATM-Recycler, with a limit of up to $1,000 or euros per transaction, with no commission for the service, according to a press release from the state bank on Monday.
It is noted that transactions are carried out at PrivatBank’s cash exchange rate for foreign currency. The balance of the transaction less than UAH 100 is credited to the client’s card or mobile account.
According to the bank’s press service, Privat’s ATM network currently consists of 65,000 devices, including 1.29 thousand ATM-Recycler machines that allow changing foreign currency.
According to the National Bank of Ukraine, as of November 1, 2024, PrivatBank ranked 1st in terms of total assets (UAH 767.64 billion) among 62 banks operating in the country. The financial institution’s net profit for the first ten months of 2024 amounted to UAH 50.26 billion, while in the same period of 2023 it amounted to UAH 47.10 billion.

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