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National Bank of Ukraine has extended the transition period to the IBAN standard until January 12,2020

As a result, the banks will be accepting the transfer documents for payments’ execution until January 12, 2020 in which, (i) either two details “Bank Code” and “Account” or (ii) an account according to IBAN standard are to be filled in. Starting from January 13, 2020 only one account number, in accordance with the IBAN standard, is to be filled in for the execution of payments.


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