Euronet Signs Agreement to Acquire ATMs from UkrSibbank, a Subsidiary of BNP
Paribas Group, in Ukraine
LEAWOOD, Kan. -- November 05, 2012
Euronet Worldwide (NASDAQ: EEFT), via its Ukrainian subsidiary, Euronet
Ukraine LLC, announces the acquisition of ATMs from UkrSibbank, a subsidiary
of BNP Paribas and the third largest bank in the Ukraine. The agreement for
the acquisition of 172 ATMs follows the November 2011 purchase of 116 ATMs
from UkrSibbank and doubles Euronet’s presence in the market.
Euronet operates the only shared ATM network in Ukraine and has contracts with
five leading Ukrainian banks for network participation. The newly acquired
ATMs are in convenient, high traffic, off-bank-premise locations and will be
integrated into Euronet’s network. The expansion of this partnership with
UkrSibbank demonstrates Euronet’s continued success in executing its strategy
to consolidate banks’ off-premise ATMs to an independently deployed and shared
This contract includes a seven year agreement for the bank’s participation in
Euronet’s shared network, which provides the bank’s customers the ability to
use Euronet ATMs under the same terms and conditions as the ATMs of their own
bank. The agreement with UkrSibbank also expands Euronet’s geographic
footprint in the country from Kiev to the other five largest cities in
“UkrSibbank’s cooperation with Euronet brings significant benefits for the
bank and our customers. Euronet’s experience in managing and operating ATMs
enables the Bank to focus on our core business, while our customers benefit
from higher service levels due to the convenience of the Euronet locations and
high ATM uptime,” stated Konstantin Lezhnin, Board Member of UkrSibbank.
“Euronet is proud to expand our relationship with UkrSibbank. This partnership
reflects a growing global trend of banks consolidating their ATM Networks,”
stated Nikos Fountas, Vice President and Managing Director of Euronet’s EFT
Europe Division. “Our bank customers benefit from lower operating costs while
their customers benefit from access to a wider ATM network as well as to an
extended set of value added services.”
Euronet is the largest pan-European Independent ATM Deployer, currently
operating ATM Shared Networks in 11 European countries.
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic
financial transactions. The Company offers payment and transaction processing
solutions to financial institutions, retailers, service providers and
individual consumers. These services include comprehensive ATM, POS and card
outsourcing services, card issuing and merchant acquiring services, software
solutions, consumer money transfer and bill payment services, and electronic
distribution for prepaid mobile phone time and other prepaid products.
Euronet's global payment network is extensive - including 17,370 ATMs,
approximately 69,000 EFT POS terminals and a growing portfolio of outsourced
debit and credit card services which are under management in 36 countries;
card software solutions; a prepaid processing network of approximately 631,000
POS terminals at approximately 304,000 retailer locations in 29 countries; and
a consumer-to-consumer money transfer network of approximately 170,000
locations serving 133 countries. With corporate headquarters in Leawood,
Kansas, USA, and 47 worldwide offices, Euronet serves clients in approximately
150 countries. For more information, please visit the Company's website at
Euronet Worldwide, Inc.
Stephanie Taylor, +1-913-327-4200
Yana Itskovich, +36 (1) 224-4674
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