Oschadbank will suspend payments

Ощадбанк приостановит прием платежей

The Bank will suspend payments

The Bank will suspend the acceptance of utility and other payments on 16 and 17 December.

State-owned Oschadbank 16 and 17 December will suspend the acceptance of municipal and other payments through the Department in connection with the transition to the new chart of accounts. This was reported on the official website of the Bank.

As noted, a Bank branch these days will work in the mode of consultations. Utilities and other payments can be held in the information-payment terminals and system Oshchad 24/7, the Ministry said.

Oschadbank moves to a new chart of accounts of accounting in accordance with the decision of the National Bank of Ukraine from September 11, 2017 No. 89. The resolution provides for the change of number of client accounts with the aim of introducing new international standards.

“This will provide greater transparency, reliability, and security of the banking system of Ukraine in General and the quality of services for clients in particular”, – stated in the message.

To minimise the inconvenience for the final stage of transition to new chart of accounts will be held during the weekend.

The changes will affect part of the network of offices that usually work at the weekend.

Also, the Bank clarify that Kiev also approved the decision to extend the working time of the branches 18, 19 and 20 Dec for 1 hour to allow those who wish to manage to pay for utilities at preferential rates (until December 20, 2017).

We will remind, the share of banks with state capital by assets for the first 9 months of 2017 increased from 52% to 55.2%.