Top Officials from the National Bank Meet with Ukrgasbank’s Supervisory Board
Governor Andriy Pyshnyy and Deputy Governor Dmytro Oliynyk of the National Bank of Ukraine held a meeting in Kyiv with the supervisory board of Ukrgasbank. The main goal was to review the bank’s performance, corporate governance practices, personnel decisions, and steps toward privatization. Participants highlighted the significant progress Ukrgasbank has made over the past three years, along with its strong capital and liquidity buffers, which confirm its stability.
Key Discussion Points
The talks covered several critical areas:
- positive trends in lending activity;
- increased financing for energy sector companies and the defense-industrial complex;
- development of a detailed plan to reduce non-performing loans (NPLs);
- privatization of Ukrgasbank, which the government has designated as a top priority.
Both sides also noted growing interest from international and private investors in Ukraine’s financial market.
Corporate governance was another major topic, including the need for personnel decisions to fill all positions on the bank’s management board. The quality of the loan portfolio and efforts to address non-performing assets received particular attention. Participants stressed the importance of coordinated work between the shareholder and Ukrgasbank’s leadership to map out a privatization roadmap, hire a financial advisor, and establish a long-term strategic position.
“I thank the members of Ukrgasbank’s supervisory board for their readiness to engage in productive cooperation and open, professional dialogue. I am confident that through joint efforts we can scale up the bank’s operations, ensure its sustainable development, and prepare it thoroughly for privatization in the state’s interest.”
Andriy Pyshnyy
This meeting between National Bank leaders and Ukrgasbank’s supervisory board reflects active efforts to reform Ukraine’s banking sector, particularly in the context of privatization preparations. Progress in lending and reducing non-performing loans are key indicators for attracting investment and improving the bank’s financial stability. Future steps in this direction could play a pivotal role in restoring confidence in Ukraine’s financial system and driving economic growth across the country.
In light of the ongoing discussions regarding Ukrgasbank’s privatization, it’s important to consider the broader context of Ukraine’s financial sector reforms. Recently, the government has also called for accelerated privatization efforts for other institutions, such as Sense Bank, while emphasizing the need for effective management changes within Energoatom. This push for swift reforms reflects a growing urgency to stabilize and enhance the performance of key financial entities in the country. For more insights on the government's stance and the implications for these institutions, read our detailed coverage on the acceleration of privatization efforts.