“Following various articles in media referring to the Piraeus Bank Group, we would like to clarify that we have no plan for the sale of Piraeus Bank ICB,” Mr. Constantinos Loizides, Head of Group Development & International Banking and member of the Executive Board of Piraeus Bank Group stated.
According to Mr Loizides, Piraeus Bank ICB in Ukraine is diligently following the deleveraging actions and business plan agreed by the Group and EU continuing to create value to its shareholder.
“We are the only Greek bank operating in Ukraine, a country with positive economic growth forecast and with essential support by international financial institutions. Our positive financial results, as well as the business targets we have set depict clearly that we are positioning ourselves for the next day while deleveraging of non-core assets,” Yannis Kyriakopoulos, Country Head and Chairman of Supervisory Board of Ukraine announced.
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.