Ukrainian banks close over 800 branches in past year

Ukrainian banks in 2017 reduced the number of their operating structural units by 827, to 9,489 branches as of January 1, 2018, according to the National Bank of Ukraine (NBU) website.

In particular, state-run Oschadbank closed the largest number of branches in 2017, namely 443 units, while UkrSibbank shut down 53 units, Pravex-Bank 45 units and Ukrsotsbank 32 units, it said.

Read alsoOschadbank to receive EIB guarantee of EUR 50 mln for lending small, medium-sized businessesAs UNIAN reported earlier, Ukrainian banks in 2016 reduced the number of their branches by 1,600, to 10,300 units as of January 1, 2017.