Economics

A postal bank will be created in Ukraine

28 January 2025 16:45
Ukrposhta branch in Kyiv / Photo: UNIAN
Ukrposhta branch in Kyiv / Photo: UNIAN

The shares of the First Investment Bank, previously owned by Russian oligarchs, have been transferred to the Ministry of Community and Territorial Development for further transfer to Ukrposhta. This was announced by Prime Minister Denys Shmyhal at a government meeting on January 28.

According to Shmyhal, Ukrposhta will use these assets to create a postal bank. 

“This is how we create a postal bank. Ukrposhta has its branches in all parts of the country, so this will open up new opportunities for Ukrainians who do not use digital tools,” Shmyhal said.

The Prime Minister noted that receiving assistance, social benefits, ordering goods and medicines will become easier, as all these services will be within walking distance.

In addition, the above decision will save the state up to UAH 5 billion over the next 3-4 years, which will be used to finance priority budget items.


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