European Banks for Ukraine

BRUSSELS, 6 April 2022 – The European banking sector stands in solidarity with Ukraine and its people, strongly condemning the Russian aggression. Almost four million people have fled their homes to countries neighbouring Ukraine in the last five weeks. To help them access financial services, banks across Europe have introduced simplified procedures for opening bank accounts, on some occasions offering basic accounts and payment cards free of charge. Several banks have waived transfer fees to Ukraine and Moldova to help refugees send money to their families. To help address the humanitarian crisis caused by the Russian invasion, banks have donated over 60 million euros to charitable organizations and are continuing to raise funds to help those affected by this aggression.

“European banks have stood firmly with Ukraine and its people from the first days of the Russian invasion. Banks have helped those fleeing to EU countries open bank accounts and have waived fees on transfers to Ukraine to help refugees and others sending money home. Banks have also contributed to the humanitarian relief efforts and will continue to do so, especially in countries that welcome those arriving from Ukraine in large numbers. Most importantly, banks in every single European country are united in implementing the whole range of sanctions against Russia and we constantly work with policymakers to ensure this is done effectively. We will continue to support Ukrainians suffering the consequences of Russia’s attack as long as it is needed.“

Ana Botín, European Banking Federation President, Executive chairman, Banco Santander SA.