Information about the mode of operation of Pivdenny Bank

The National Bank of Ukraine promptly adopted Resolution in connection with the declaration of martial law throughout Ukraine, which, in particular, provides for a number of measures for all banks of Ukraine, including Pivdenny Joint-Stock Bank. According to it Pivdenny Bank:

• ensures the operation of branches in an uninterrupted mode in the absence of a threat to the life and health of the population;
• continues to work subject to the restrictions defined by this resolution;
• provides uninterrupted access to safe deposit boxes;
• cashless payments are made without restrictions;
• ATMs are backed up with cash without restrictions;
• payments to the Government of Ukraine are made without restrictions in accordance with the legislation on a special period.

The relevant resolution also provides an introduction of temporary restrictions from February 24, 2022, in particular:

• suspension of the foreign exchange market of Ukraine, except for operations involving the sale of foreign currency by customers;
• fixing the official exchange rate for February 24, 2022;
• restrictions on cash withdrawal from the client's account in the amount of UAH 100,000 per day (not including payment of wages and social benefits), except for enterprises and institutions that ensure the implementation of mobilization plans (tasks), the government and individual permits of the National Bank without accrual and withdrawal of commissions;
• prohibition of debiting cash from customer accounts in foreign currency, except for enterprises and institutions that ensure the implementation of mobilization plans (tasks), the government and certain permits of the National Bank;
• moratorium on cross-border foreign currency payments (except for the enterprises and institutions that ensure the implementation of mobilization plans (tasks) and the government, certain NBU permits);
• stopping the withdrawal transaction by service banks on the accounts of residents of a state which has committed armed aggression against Ukraine.

Appropriate steps are mandatory to ensure reliable and stable functioning of the country's financial system and maximize the activities of the Armed Forces of Ukraine, as well as the smooth operation of critical infrastructure facilities.

The relevant amendments were approved by the Management Board Resolution No. 18 on February 24, 2022 On the operation of the banking system during the introduction of martial law.