Transparent sale of Ukrgasbank and Sens Bank will be a decisive signal for investment

The privatization of Ukrainian state-owned banks, in particular Ukrgasbank and Sens Bank, could be an important step towards bringing international financial organizations back to investing in the Ukrainian banking system. Given the composition of the financial market, investors are cautious due to the uncertainty associated with the possibility of exiting investments. Olena Voloshina, head of the International Finance Corporation (IFC) representative office in Ukraine, emphasized this at the Forbes Banker forum.

Source Minfin

She also highlighted the importance of corporate governance reforms as a factor that stimulates investor interest. Transparent privatization is critical not only for attracting investment but also for fulfilling Ukraine's commitments under the IMF's Extended Fund Facility program, which requires a reduction in the state's share in the banking sector. According to the NBU, the state's share in the banking system was over 54% in mid-2025.

The sale of shares in Ukrgasbank and Sens Bank, which are profitable and rank 6th and 9th in terms of assets among Ukrainian banks, is expected to take place after receiving recommendations from advisors, which are currently being agreed upon by the government. This step could significantly strengthen Ukraine's financial stability and restore investor confidence in the Ukrainian market.