Optimization instead of expansion: Ukreximbank changes its format of operations in the regions
26 January 21:22
The state-owned Ukreximbank has announced the closure of its central branch in Kyiv, as well as branches in Ternopil and Chernivtsi. The decision was made by the bank’s board on January 21, 2026, as part of the transformation of the regional network and optimization of operational activities.
This is stated in the bank’s report in the information disclosure system of the National Securities and Stock Market Commission, according to "Komersant Ukrainian".
The last working day for these divisions is set for April 27, 2026.
Which branches are closing
The following will be closed:
- the central branch in Kyiv — 5 Nimechka Street;
- the branch in Ternopil — 21 Mitropolita Sheptytskoho Street;
- the branch in Chernivtsi — 183 Holovna Street.
These divisions served corporate and medium-sized business clients, local government bodies, the public sector, and retail clients.
Representative offices instead of branches
By separate decisions of the board, the bank also ceases the activities of branches in:
- Lutsk (5 Bohdan Khmelnytsky Street),
- Rivne (2 Soborna St.),
- Khmelnytskyi (14/1 Prybuzka St.).
Representative offices will be established on their basis from April 28, 2026.
Such divisions will not carry out banking operations, but will focus on information and presentation work, consulting, and customer support in cooperation with business and financial circles.
Why the bank is downsizing its network
Ukreximbank explains the decision by the need to improve operational efficiency and adapt the network to current market conditions.
The bank has taken similar steps before: in September 2024, it announced the closure of its representative offices in the UK and the US in order to optimize costs.
This trend is in line with the general policy of state-owned banks to reduce their physical presence and develop centralized and remote working formats.
The bank’s financial condition
According to the National Bank of Ukraine, as of December 1, 2025:
- Ukreximbank’s assets amounted to UAH 287.25 billion,
- the bank ranked third among 60 banks in Ukraine,
- its profit for the 11 months of 2025 reached UAH 8.45 billion.
As of October 1, 2025, the bank had 37 branches.
In November 2025, Fitch Ratings confirmed Ukreximbank’s long-term issuer default ratings at CCC in foreign currency and CCC in national currency. The bank’s stability rating was upgraded from “f” to “ccc-“, which the agency attributed to improved capitalization and the restoration of the institution’s viability.
What this means for customers
The bank has not announced any plans to curtail its business in the regions, but the transition from branches to representative offices means a change in the format of service, with an emphasis on consulting and support rather than conducting a full range of operations on site.
