PrivatBank has begun implementing the ability to store cash National Bank of Ukraine.

“Custody of funds of the NBU, PrivatBank ensured high adaptability of the Bank in the management of cash turnover and an extensive network of vaults of the Bank, sufficient class of protection”, – told in the press service of PrivatBank.

Earlier, the NBU reported that in the framework of the pilot project, started the transfer of the authorized banks for keeping their reserves of cash. It is planned that the cash reserves of the NBU will be stored in the regional offices of authorized banks, which can provide cash banks in the region and to take from them the excess cash.

NBU carries out the selection of banks that may be involved in the storage of stocks of cash in accordance with the provisions of SFAS No. 389. To participate in the selection allowed banks which provided the relevant written application of intent to become authorised and comply with the established criteria.

PrivatBank will store cash, NBU 17.11.2017

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