In the second quarter of 2025, Ukrainian banks reduced their branch network by 32, leaving a total of 4,934 branches nationwide as of early July, according to the National Bank of Ukraine (NBU). This decline marks a continuation of a broader trend observed in recent quarters, as financial institutions adapt to changing customer preferences and operational efficiencies.
Accordbank led the way in branch openings, expanding its physical presence to meet growing demand in key regions. Meanwhile, Pivdenny Bank faced the most closures, reflecting strategic decisions to consolidate operations and focus on digital banking services. The NBU’s data underscores the shift towards a more streamlined banking infrastructure, with banks prioritizing cost-effective solutions over extensive branch networks.
Analysts suggest that the trend is driven by a combination of factors, including heightened competition, evolving consumer behavior, and the increasing adoption of digital financial services. As Ukrainian banks continue to refine their branch strategies, the central bank remains closely monitoring these developments to ensure financial stability and service quality across the country.