KYIV, Jan 19 - Ukrainian banks in 2020 reduced the number of structural divisions by 10.8%, or by 868 branches, to 7,134, due to a slowdown in business activity caused by the COVID-19 pandemic, the National Bank of Ukraine reported.

Oschadbank closed the operation of 490 branches (having reduced their number to 1,837) before the end of 2020, PrivatBank - 211 (to 1,717), Raiffeisen Bank Aval - 100 (to 396), Alfa-Bank - 39 (to 218), TAScombank and Sberbank - 16 each (to 87 and 90 respectively), UkrSibbank - 12 (to 272), Credit Dnipro Bank and PIB - eight (to 28 and 26, respectively) and Ukrbudinvestbank - seven (to 48).