The Government has started preparations for the sale of shares in Sense Bank and Ukrgasbank
3 October 08:02
The Cabinet of Ministers of Ukraine has decided to start preparations for the sale of state-owned stakes in the authorized capital of Sens Bank and Ukrgasbank. This was reported by "Komersant Ukrainian" with reference to the Ministry of Finance.
The purpose of the step is to reduce the state’s share in the banking sector and to raise funds from privatization to the state budget of Ukraine.
According to the Law of Ukraine “On Peculiarities of Sale of Stakes Owned by the State in the Authorized Capital of Banks”, the sale will take place in three stages:
- preparation of shares for sale
- holding a tender;
- conclusion of the sale and purchase agreement.
The government decree provides for the start of the first stage – preparation of shares in Sense Bank and Ukrgasbank for sale.
The Ministry of Finance emphasizes that the reduction of the state share in banks is one of the eight key operational goals of the Government Action Program.
on August 14, 2025, the Financial Stability Council considered the possible risks of this decision. The discussion confirmed that the sale of shares in Sense Bank and Ukrgasbank does not threaten the stability of Ukraine’s financial system.
By the end of the fall of 2025, the Ministry of Finance plans to announce a tender to select an advisor to support the sale of the stakes in these banks.
As a reminder, back in August, National Bank of Ukraine Governor Andriy Pyshny said that state-owned Ukrgasbank and Sense Bank were the first in line to start the privatization process. Partial privatization of Oschadbank may also be considered.
