Ukraine’s banking system is prepared for a total blackout.

Tuesday, December 27, 2022
Ukraine’s banking system is prepared for a total blackout.

At the initiative of the NBU, all systemically important banks united and created a joint banking network called Power Banking. This is a joint network of bank branches throughout Ukraine, which will work and provide banking services to clients even in critical situations during blackouts. These departments are equipped with alternative energy sources and backup communication channels and have enhanced cash collection and additional staff. Currently, the Power Banking network unites all 14 systemically important banks, the branches of which have become the network’s basis and attract other market participants. Now, more than 1,000 branches in all regions of the country are additionally equipped to work during a blackout. In addition, ATM national roaming has been introduced in the Power Banking network branches.

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