KYIV. UkraineGate .26 . December .2022 | War News .
The National Bank, together with all systemically important banks in Ukraine, has been working for more than a month to develop a solution that will be a common response to the challenges posed by massive rocket attacks. At the initiative of the National Bank, all systemically important banks have united to create a joint banking network – Power Banking .
Details
This is a joint network of bank branches throughout Ukraine, which will operate and provide banking services to customers even in a critical situation during blackout.
The branches of the joint network are provided with alternative energy sources and backup communication channels, have enhanced cash collection and additional personnel.
Today, the Power Banking network unites all 14 systemically important banks, whose branches have become the basis of this network, and attracts other participants in the banking market.
Currently, more than 1,000 branches in all regions of the country are additionally equipped to work during blackout (about 80% of them are branches of systemically important banks).
In the context of blackout in the branches of the Power Banking network, a certain list of urgent banking services will be available to all customers, namely:
- cash withdrawal (at ATMs or at the cash desk);
- payments, transfer of funds (at the cash desk or in self-service terminals);
- currency exchange (in case of cash currency on hand);
- consultations of managers on financial issues.
In addition, ATM national roaming has been introduced in the branches of the Power Banking network. Its goal is to provide Ukrainians with the opportunity at an ATM of any bank of the network to withdraw an increased amount of cash sufficient to meet current needs and form a certain stock.
A map of Power Banking network branches can be found here.
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In the event of a blackout, five radio companies, a national telethon and mobile communications will be able to work for at least three days.
Source: Ukrgate
