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Sunday, March 24, 2019

National Bank of Ukraine: SEP operated smoothly, reliably in 2013

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.