Ukrposhta intends to sign an agreement to buy a small Ukrainian bank within the next two quarters.

KPMG is assisting the national mail provider with its search. Ukrposhta announced a tender for the selection of a bank appraiser in mid-May 2021. The CEO of Ukrposhta, Igor Smilyansky, told Forbes. “Right now, we are looking at several banks with the help of KPMG, and hope to conclude the transaction by the end of the first quarter of 2022.” The investment into banking is expected to cost Ukrposhta $200 million, which corresponds to the minimum level of capital of banks in accordance with NBU regulations.