Business news from Ukraine

Business news from Ukraine

UKRAINIAN BANKS NUMBER OF BRANCHES GOES DOWN BY 6.3%

9 February , 2022  

Ukrainian banks in 2021 reduced the number of structural units by 6.3%, or by 449 branches, to 6,685.
According to data on the website of the National Bank of Ukraine (NBU), in 2021 Oschadbank closed 235 branches (reducing their number to 1,602), PrivatBank – 220 (to 1,497), UkrSibbank – 21 (to 251), Alfa Bank – 17 (to 201), Pivdenny Bank – 10 (to 87), Ukreximbank – 9 (to 53), Ukrgasbank – 8 (268), PIB – 7 (19), Sberbank – 5 (85), Raiffeisen Bank Aval – 4 (to 392).
At the same time, in 2020 banks opened 84 branches, including Accordbank – 28 branches, expanding its regional network to 107 branches, FUIB – 24 (up to 248), Crystalbank – 12 (up to 36), A-Bank – 7 (up to 239), Alliance Bank, CIB and Ukrbudinvestbank – 5 each (up to 30, 43 and 53, respectively).
According to the data of the National Bank, as of January 1, 2022 Oschadbank remains the leader in terms of the number of branches (1,602), the second place is occupied by PrivatBank (1,497), the third is Raiffeisen Bank Aval (392), the fourth is Ukrgasbank (268) and the fifth – UkrSibbank (251).
As in the first half of the year, Prominvestbank (PIB), Albank, Credit Europe and Familny banks, BTA Bank, ING Bank Ukraine, Citibank, Trust-Capital Bank, the Ukrainian Bank for Reconstruction and Development (UBRD), CreditWest Bank, Deutsche Bank DBU, SEB Corporate Bank, Alpari Bank, Avangard Bank and Portal Bank, according to the regulator’s data, operate with one open branch.

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