The National Bank of Ukraine has established a common network of bank branches across the country that will operate and provide customer services even during a critical blackout.

With Russia continual attempts to destroy Ukraine's power grid and energy facilities, many people are forced to endure power cuts throughout the day – at times for several days. In blackout conditions, Ukrainians face non-working banks and the issue of withdrawing funds through ATMs.

At the initiative of the Central Bank of Ukraine, all systemically important banks have joined together to create a common banking network – Power Banking.

The Power Banking network connects 14 systemically important banks – the network's backbone – and attracts other participants in the banking market. The branches of the common network are provided with alternative energy sources, redundant communication channels, enhanced cash collection, and additional staff.

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Currently, over 1,000 branches in all regions of Ukraine are already additionally equipped to operate during a blackout (about 80% are branches of systemically important banks).

During the blackout, a particular list of emergency banking services will be available to all customers in Power Banking branches, namely:

– cash withdrawal (at ATMs or the cash desk);

– payments, transfer of funds (at the cash desk or self-service terminals);

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– currency exchange (if cash currency is available);

– consult with managers on financial issues.

The map of the Power Banking network branches is regularly updated on the National Bank of Ukraine’s website.

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