Ukrainian state bank PrivatBank relocates data center to EU

KYIV. April 29 (Interfax-Ukraine) - The Ukrainian state bank PrivatBank has relocated its entire data center to the European Union, PrivatBank Supervisory Board member Roman Sulzhyk said.

"There have been irregularities in Privat's operations in the past weeks [...] We've been working from the EU over the past 45 days," Sulzhyk said during an online discussion of the Center for Economic Strategy and German Economic Team.

The measure has been possible owing to the National Bank's decision to allow storing client data outside of Ukraine after March 1, Sulzhyk said.

PrivatBank's press service said all of the bank's principal apps and services have been successfully loaded into cloud storage to make sure clients always have access to financial services.

The bank has relocated some 3,500 servers and uploaded over 270 important apps and over 4 PB of client data and transactions to the cloud, it said.

Over 460 PrivatBank's IT specialists and contractors worked on the project, it said.

IT projects of such a scale normally take about 18 months to accomplish, the bank said.