In remarks to Parliament, the National Bank of Ukraine announced that its Committee on Banking Supervision had determined that Mykola Hladyshenko, chair of Sense Bank’s Supervisory Board, no longer meets independence requirements. The NBU required the government, as the bank’s shareholder, to terminate his powers immediately and appoint a replacement. The decision followed the publication of National Anti-Corruption Bureau of Ukraine materials that the NBU found showed Hladyshenko had received and acted on instructions from third-party officials. The NBU also opened administrative proceedings to assess the collective suitability of the entire Supervisory Board. It said the published materials indicated that Hladyshenko’s recusal may have been merely formal and that the board failed to respond appropriately to his continued influence. The board currently lacks a quorum, prompting the NBU to call for the appointment of state representatives nominated by the Cabinet of Ministers and the relevant parliamentary committee. Separately, the NBU will conduct unscheduled inspections to examine potential interference with Sense Bank’s automated systems, management instructions and compliance with statutory financial monitoring requirements. Existing proceedings into Management Board Chair Oleksii Stupak’s professional suitability will continue with an interview on August 26, while the NBU supported the government’s initiative to suspend him during its internal investigation.
2026-08-20National Bank of Ukraine
National Bank of Ukraine requires removal of Sense Bank supervisory board chair and launches board review and inspections
The National Bank of Ukraine required the government to remove Sense Bank Supervisory Board Chair Mykola Hladyshenko after finding that he failed independence requirements. It also launched a collective suitability review of the board and unscheduled inspections covering potential interference with automated systems and financial monitoring compliance. Management Board Chair Oleksii Stupak faces a suitability interview on August 26.