As Ukrainians move toward cashless transactions and internet banking, banks closed 11% of bank branches last year, to 7,100,

As Ukrainians move toward cashless transactions and internet banking, banks closed 11% of bank branches last year, to 7,100, the National Bank of Ukraine reports in its banking sector review. The closing of 868 branches contributed to banking layoffs of 5,000 employees. The number of ATM machines dropped last year by 3%, to 34,800. At the same time, point of sale card terminals increased by 10.6%, to 386,500. In the fourth quarter alone, PrivatBank and other state banks added 11,000.