The National Bank of Ukraine recently announced that statistical data on the System of Electronic Payments suggests that it operated smoothly and reliably in 2013.
"During 2013, the SEP as the state system of interbank settlements operated efficiently, addressed the needs of its participants for funds transfers, while ensuring that the payment processing requirements were fully met in terms of maximum speed, transparency, high level of security and reliability," Natalia Syniavska, the director of the Department of Information Technologies and Payment Systems, said.
As of Jan. 1, 423 institutions, including 180 Ukrainian banks, 178 Ukrainian banks' branches, 28 bodies of the State Treasury Service of Ukraine and 37 institutions of the National Bank of Ukraine, were participating in the SEP.
The number of initial payments and electronic settlement notices sent to the SEP by Ukrainian banks and their branches amounted to 323.69 million documents, accounting for the largest share - 93 percent - of the total number of transactions made through the system.
On average, 1.39 million initial payments and electronic settlement notices worth $5.84 billion were processed per day.
The daily average balance of funds on the SEP participants' accounts totaled $3.21 billion.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme