Less than one year after receiving banking rights, Ukrposhta increasingly looks like a European-style postal savings bank.

Now the Ukraine’s seventh largest purchaser of point of sale terminals, Ukrposhta has brought electronic banking to 3,200 branches, largely concentrated in villages of around 2,000 people. In the first quarter of this year, Ukrposhta customers used the cash withdrawal service 207,000 times, withdrawing an average of $50. Two weeks ago, the post office raised its limit on withdrawals to $535.