Piraeus Bank has received accreditation from the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), which unites more than 50 insurers participating in the motor third party liability insurance market.
Therefore, Piraeus Bank is included to the list of banks recommended for member of the Bureau by MTIBU for placement of its centralized insurance reserve funds.
According to Member of the Management Board of Piraeus Bank in Ukraine Christos Bougiouklis, this accreditation further demonstrates the reliability and trust of Piraeus Bank for the insurance market, and insurance companies can profitably place free funds on special deposit terms.
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.