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                        FRIDAY, MARCH 24, 2017
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Nova Posha denies reports financial subsidiary will become a bank
Journal Staff Report

KIEV, Feb. 16 Ц The Nova Poshta Group does not plan to transform its financial company Post Finance (the Forpost payment system) into a bank, co-owner of the group Volodymyr Popereshniuk said.

"Forpost will remain a transaction financial company. In 2016 over 30 million transactions were settled via the company. Initially this is logistics, but in the financial area. We do not plan to create a bank and expand. We will develop these services. Maybe we will invent some wallets, but we do not want to make it a full-featured bank," he said in an interview with Interfax-Ukraine.

Popereshniuk said that the banking market is overregulated.




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