The National Bank of Ukraine published the Financial Stability Council’s (FSC) opinion on the planned reduction of the state’s ownership in the banking sector through sales of state-held shares in Sens Bank JSC and UKRGASBANK JSC. The FSC concluded that, if carried out under the procedure set out in Ukraine’s Law On the Specifics of Selling State-Owned Shares in the Authorized Capital of Banks, the sales would not have a negative impact on the financial condition or stability of the banking system. The assessment follows an FSC meeting on 14 August 2025 where members discussed risks associated with the divestments and reaffirmed the strategic objective of reducing the state’s share in banking, while stressing that sales should be carefully considered and aimed at increasing the value of the banks’ shares. The council also discussed risks in the state-owned financial sector, particularly in the non-banking segment, and updated the composition of its working groups on financial development and domestic debt market development following a government reshuffle. Under the Law, the FSC opinion is intended to inform the government’s decision to launch the first stage of preparing the banks’ shares for sale, an initiative also referenced in the Memorandum of Economic and Financial Policies dated 19 June 2025.
National Bank of Ukraine 2025-08-20
National Bank of Ukraine publishes Financial Stability Council opinion that selling stakes in Sens Bank and UKRGASBANK would not undermine banking stability
The National Bank of Ukraine released the Financial Stability Council's opinion on reducing state ownership in the banking sector through sales of shares in Sens Bank JSC and UKRGASBANK JSC. The Council concluded that these sales, if conducted under Ukraine's Law on the Specifics of Selling State-Owned Shares in the Authorized Capital of Banks, would not negatively impact financial stability. The assessment follows discussions on divestment risks and strategic objectives to enhance bank share value.