PrivatBank, Ukraine’s largest state-owned bank, purchased 1,200 ATMs in 2025 for 1 billion hryvnia and plans to buy another 800 this year, said Dmytro Musienko, a member of the board responsible for retail business, at a press conference.
“We would like to replace all the old ATMs, which have already been fully depreciated, with new ones where you can both withdraw and deposit cash. This will be a very modern infrastructure to support Ukrainians,” he noted.
According to the bank’s presentation, as of the end of the first quarter of 2026, it had 7,401 ATMs and 9,867 self-service terminals, as well as 1,053 branches and 345,390 POS terminals.
“When the war began, we had huge lines at ATMs as people were stressed and wanted to withdraw money… The current situation is different, but the infrastructure is still very important. We maintain physical infrastructure across the country, and that costs money,” Musienko emphasized.
According to him, along with dividends to the state, such investments in resilience during outages, cybersecurity, and cloud services are the reason why the bank, unlike some of its competitors, is forced to maintain fees.
“We are aware of the issue with fees and our customers’ concerns, and we will try to resolve it, but it’s not a very simple matter… Nevertheless, we will reduce some fees. By mid-summer or at least early fall, we will see a new product that we want to launch. We will reduce fees on some products,” noted the board member responsible for retail business.
According to NBU data as of March 1, 2026, there are a total of 15,570 ATMs and 22,401 self-service terminals in Ukraine, as well as 552,260 point-of-sale terminals.
Musienko emphasized that PrivatBank will continue to invest in its POS terminal network, where it holds a 60% market share.
As for branches, he said the bank has no plans to reduce their number.
“Of course, we are carrying out a certain restructuring of our branch network, but still, as a state-owned bank, we need to support Ukrainians across the country, even near the front lines, and we are very cautious when discussing the possibility of closing some branches,” the banker noted.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of March 1, 2026, amounted to 963.77 billion UAH (23.0% of the total).
In the first quarter of 2026, PrivatBank increased its net interest income by 21% to 22.3 billion UAH, but reduced its net fee and commission income by 5% to 6.3 billion UAH. Its pre-tax profit rose by 16% to UAH 25.9 billion, while net profit amounted to UAH 12.8 billion, which is 24.3% less than in the first quarter of last year, when the corporate income tax rate was 25% compared to the 50% rate to which it was raised starting in 2026.
