: :inin Kyiv (EET)

Oschadbank puts off introduction of fees for processing utility payments

The Management Board of Public Joint Stock Company State Savings Bank of Ukraine (Oschadbank) decided to postpone the entry into force of its resolution to introduce fees for processing utility payments.

A statement issued on the bank`s website notes that Oschadbank is aware of the public resonance and large-scale debates over the issue that the bank is going to charge a commission for processing households` utility payments, and expresses its readiness to hold a broad expert discussion.

The bank also underlines that the country`s legislation bans banks to establish a commission for banking services at a level lower than transaction costs.

”A commission of UAH 3 proposed by the bank is the lowest in the banking market and aims to ensure break-even level of operations,” the bank`s statement reads.

The bank also pointed to the fact that by signing a number of international agreements, including a Memorandum with the International Monetary Fund, Ukraine has committed to implement large-scale reforms. Among other things, the Memorandum provides for market conditions for state-owned banks and fundamental changes in their operations.

Oschadbank officials say they are aware of the bank`s social mission, and that the bank complies with legal requirements while sticking to the path of reforms, which scope has been determined by government resolutions and state external liabilities.

As UNIAN reported earlier, on November 9, Oschadbank reported that it would cancel the commission-free processing of households` utility payments starting from December 1.

On November 12, President of Ukraine Petro Poroshenko urged the management of the bank to cancel its decision to charge a commission for processing utility payments by bank`s branches.  


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