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Citigroup and Deutsche Bank keep Ukraine offices open after Russia invasion

In the face of conflict, banks are holding firm on keeping premises open

Customers at an automated teller machine at a bank in Kyiv, Ukraine./Bloomberg via Getty Images
Customers at an automated teller machine at a bank in Kyiv, Ukraine./Bloomberg via Getty Images Photo: Erin Trieb/Getty Images

International investment banks with operations in Ukraine are keeping their offices open following the Russian invasion of the country.

With the National Bank of Ukraine issuing a statement on 24 February that its system of electronic payments was "working in business-as-usual mode", both Citigroup and Deutsche Bank are maintaining their offices in Kyiv for the time being, according to people familiar with the matter.

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