The National Bank of Ukraine is actively implementing a memorandum with the International Monetary Fund aimed at ensuring access to financial services in the frontline and occupied territories. This approach involves encouraging new players to enter the financial market, including postal operators and retailers.
«We are developing comprehensive approaches to solving the problem of access to financial services for businesses and the population, which is particularly acute in frontline or occupied territories. This initiative will promote financial inclusion in Ukraine,»
the National Bank said in response to a request from LIGA.net.
In particular, the NBU plans to use the existing postal infrastructure to provide access to financial services, expanding physical servicing options through mobile branches and other innovative formats.
«We are analyzing international practices of using agency channels and considering the possibility of creating ‘financial inclusion operators’ that will ensure fast and efficient access to financial services throughout the territory of Ukraine,»
the NBU added.
The Ukrainian authorities plan to develop a draft law on new specialized banks that will operate based on the existing postal infrastructure by the end of July 2024. These institutions will receive a limited banking license and will be involved in the Ukrainian deposit insurance system.
«Our goal is to expand access to financial services through partnerships with postal operators and other competent market players so that everyone has the opportunity to use banking services directly in their region,» emphasized the National Bank.
