The Bank of Spain has signed a cooperation agreement with the National Bank of Ukraine (NBU) during Governor José Luis Escrivá’s visit to Kyiv, setting out closer collaboration on digital transformation, psychological support for staff affected by the war, and work and study visits for NBU employees. On digital transformation, the two central banks will jointly develop artificial intelligence solutions focused initially on enabling natural-language access to large statistical and supervisory databases and on detecting anomalous payments and sanctions violations via payment systems. The work will be implemented by the Bank of Spain’s DELTA department and supported by NBU personnel seconded to Spain for 6 to 18 months. The Bank of Spain will also fund a new NBU psychological support programme with modules for parents, veterans, and staff with family members on active service, killed in the war or held captive, and it offered to expand collaboration through one-week study visits and up to four-week practical training placements in Spain. During the Kyiv visit, Escrivá also met the NBU Governing Council to discuss Ukraine’s economic situation and the NBU’s role as a wartime central bank, and met Economy Minister Oleksii Sobolev to review issues related to Ukraine’s European Union accession process.
Bank of Spain 2026-02-19
Bank of Spain signs agreement with the National Bank of Ukraine to deepen cooperation on AI, staff wellbeing and training exchanges
The Bank of Spain and the National Bank of Ukraine have agreed to collaborate on digital transformation, psychological support for war-affected staff, and work-study visits for NBU employees. The agreement involves developing AI solutions for database access and payment system monitoring, with NBU personnel seconded to Spain. The Bank of Spain will also fund a psychological support program for NBU staff and facilitate training placements in Spain.