Updates to the Coop Pank list of countries with whose banks settlements are restricted

Due to the change in our risk appetite caused by Russia’s war of aggression in Ukraine, it will generally be impossible to make and receive payments to and from banks in Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, Turkmenistan and Serbia in Coop Pank as of 1 September 2023.

The payments initiated in Coop Pank before and on 31 August 2023 will reach the payees as usual. The payments received in Coop Pank as of 1 September 2023 will be returned to the payer. Coop Pank has the right to continue accepting payments from the above countries in justified cases by way of exception. Further information on the restrictions can be found at the Coop Pank website.