Unicredit "Temporarily" Limits ATM Withdrawals In Ukraine

It appears the bank runs - or desparate dash for cash - in Ukraine have escalated. We noted that Russian banks had already limited access but now Unicredit has issued a statement "temporarily limiting operations on cash withdrawal in ATMs, in order to provide all the clients with an access to cash money." The decision, they stress, is a temporary one (like Cyprus capital controls?) and will be cancelled with the "normalization of the situation."

Via Unicredit,

UniCredit Bank has temporarily limited operations on cash withdrawal in ATMs, in order to provide all the clients with an access to cash money. According to the decision of the Management Board, the sum for cash withdrawal for one card is limited at the level of UAH 1500 per 24 hours.

We are stressing that these measures are taken exclusively to provide all the bank’s clients with ATM service. For the same purposes, cash withdrawals at UniCredit Bank’s ATMs using cards of other banks is limited 500 UAH per day.

This decision – is a temporary one and it will be cancelled in the nearest time with the normalization of situation. Besides, it does not involve operations in the trade networks.

We bring our apologies for temporary inconveniences and hope for understanding

Credit to Zero Hedge