Nicholas Zenzefilis, Board Member, Treasury Director of Piraeus Bank noted that even during the difficult times for the whole banking system Piraeus Bank Group is showing its commitment to its presence in the Ukrainian Market. And this increase of share capital will enable even greater range of clients to use the Bank’s expanding services. "The decision, taken on 6 June, 2014 at the General Shareholders Meeting, indicates that the shareholders are planning to further develop the financial institution and support its future expansion. As a result of this increase, Piraeus Bank ICB achieves even greater financial stability, stronger capital adequacy ratios and further support for expanding its operations", - concluded the banker.
The increase in the participation of the share capital by EUR 25 million is planned by means of the additional share issue. The equivalent in local currency will depend on the EUR/UAH rate at the time of issuing.
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.