Ukrposhta asks for a limited banking license

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Ukrposhta’s bid for a limited banking license is “in progress,” company Director-General Ihor Smelyansky tells Interfax.

Ukrposhta hopes to offer banking services to large swathes of the population without convenient access. With over 11,000 branches, the state-owned enterprise offers post services in all of Ukraine’s regions.

The National Bank is opposed, arguing that there are already four large state-owned banks in the market.

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