Major breakdown of Privatbank's ATMs, terminals

Source : 112 Ukraine

Currently, the services are available
13:15, 10 July 2018

Open source

A serious failure of services of Privatbank, the biggest bank in Ukraine, occurred on June 9: no ATMs and terminal servers operated, as the bank’s website reports.

No payment could be made in POS-terminals, Privat 24 and Liqpay. The breakdown of mainstream channels at the end of the working day on July 9 caused a temporary malfunction in the POS-terminals network and ATMs of the bank. The specialists of the bank carried out emergency works to connect to reserve channels to stabilize payment services.

Currently, the services have been resumed, as the bank website reports.

Bank’s specialists in a short time, - 1 hour fully restored the stable work of acquiring services and ATM network, according to the bank.

All the operations with plastic cards are conducted in normal mode.

Related: Swiss banks freeze 1 billion francs on accounts of Russian oligarch Vekselberg

As it was reported earlier, the shareholders of the Kyiv-based Sky Bank, including its main shareholder, the Kazakh investor Arif Babayev, is going to consider the merger of the institution with PJSC Bank Sich, which is owned by Ukrainian nationals Oleh Balanda and Valeriy Razdorozhnyy.

This move is described in the agenda of the shareholders’ general meeting scheduled for 23 April 2018. “[The stockholders are going to decide] to instruct the supervisory board of Sky Bank to hold negotiations and take appropriate steps on Bank Sich in order to figure out ways to reorganize the bank under a simplified practice described in the law of Ukraine on simplifying capitalization and reorganization procedures for banking institutions,” reads the draft agenda published in the National Securities and Stock Market Commission’s information disclosure system. The board of the bank has been instructed to prepare the required documentation.

Sky Bank (which used to be called Region-Bank) was established in 1991. As of the start of the current year, the bank ranked 76th in terms of asset volume out of 84 banking institutions operating on the Ukrainian market. In November 2016, the National Bank of Ukraine approved the bid by a Kazakh businessman, Arif Babayev, to acquire a key stake in the company. After that, the corporation was renamed and became concentrated on the development of IT solutions for the banking market of Ukraine.

Related: Cyberpolice exposes Ukrainian hacker who allegedly hacked global banks and hotels

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