The National Bank of Ukraine, together with the Ministry of Finance of Ukraine, the Ministry of Economy, Environment, and Agriculture of Ukraine, the National Securities and Stock Market Commission and the Deposit Guarantee Fund, has published a progress update on the Strategy of Ukrainian Financial Sector Development. At end-2025, 77% of the Strategy’s 104 measures were either completed or being implemented as scheduled. Twelve measures, or about 12%, had been fully completed, with the highest completion rates under Goal II Financial Stability at 19% and Goal I Macroeconomic Stability at 17%. Four of the 14 strategic benchmarks, or 29%, had reached their target values. Key 2025 actions included a resilience assessment and baseline stress testing of 21 large banks followed by required capital adequacy ratios, approval of the Mortgage Lending Development Strategy, permission for dividend repatriation within the investment limit, and new capabilities for clearing institutions to support risk management, guarantees and further development of T+ securities settlement. The update also points to approval of regulations on information security, cyber security and cloud-computing use by financial service providers, reinstatement of financial disclosure in XBLR format, approval of the 2026 to 2028 Medium-Term Debt Strategy, progress on personal investment accounts and virtual asset tax legislation, and further measures on deposit guarantee payouts, bank resolution, capital markets infrastructure, war-risk insurance and alignment with European Union rules. For 2026, the plan is to raise the share of fully implemented measures to 35%, taking the cumulative total to 47% of all Strategy measures, with all measures due by end-2030. The National Bank of Ukraine said its priorities for 2026 include maintaining the managed flexibility exchange rate regime, gradually easing exchange restrictions if conditions permit, resolving nonperforming loans, developing capital markets infrastructure, improving financial reporting quality and transparency, creating financing instruments for key sectors, advancing war-risk insurance, harmonising legislation with EU law, and developing open banking, cyber protection and digital financial resilience.
National Bank of Ukraine 2026-05-12
National Bank of Ukraine reports 77% of financial sector strategy measures completed or on schedule
The National Bank of Ukraine and other financial authorities reported that 77% of the Strategy of Ukrainian Financial Sector Development’s 104 measures were completed or on schedule by end-2025, with 12 fully completed and four of 14 strategic benchmarks reaching target values. Key 2025 actions included bank resilience assessments and stress tests, a Mortgage Lending Development Strategy, enhanced clearing and T+ settlement, new information and cyber security regulations, and progress on capital markets, deposit guarantees, war-risk insurance and EU alignment. For 2026, authorities aim to raise fully implemented measures to 35% and will prioritise a managed flexibility exchange rate regime, easing exchange restrictions if conditions permit, resolving nonperforming loans, strengthening capital markets infrastructure, and advancing open banking and digital financial resilience.