The National Bank of Ukraine opposes the transformation of Ukrposhta into a postal bank

, arguing that Ukraine’s four large state-owned banks already dominate banking in the country. Smelyanskiy counters that he will focus on Ukraine’s ‘under-banked 20%’ – the thousands of villages that have no bank branches. He has said that by reaching Ukraine’s rural 6 million, Ukrposhta would soon be second only to PrivatBank in the number of payment cards.