State-owned Ukreximbank (Kyiv) is closing its representative offices in the UK and the United States in order to optimize operating expenses, according to a statement from the issuer in the disclosure system of the National Securities and Stock Market Commission.

According to it, the above-mentioned decisions were made by the supervisory board of the state bank on August 30, 2024.

According to the National Bank of Ukraine (NBU) as of July 1, 2024, Ukreximbank ranked third (UAH 287.18 billion) in total assets among 62 banks in the country.

The financial institution’s net profit for 2023 amounted to UAH 3.25 billion.