After nationalization, Sense Bank intends to maintain the bank’s leading position in the securities market and be ready for its development after the National Bank of Ukraine (NBU) lifts the existing restrictions, in particular the ban on the purchase of foreign securities, acting head of the board of the financial institution Olena Zubchenko said. “Now, … Read more
State-owned PrivatBank has announced its financial results for 2023, reporting a pre-tax profit of almost UAH 72.8 billion ($2 billion), more than double that of the previous year. The bank increased its net retail loan portfolio by 39% to over UAH 60 billion ($1.6 billion) and its net corporate loan portfolio by 23% to over … Read more
Ukrainian banks are facing growing difficulties in meeting financial obligations has, parliamentary Finance Committee Chairman Danylo Hetmantsev said on Telegram on Jan. 17. “According to the National Bank of Ukraine (NBU), as of Jan. 1, 2024, the regulatory capital adequacy ratio of banks decreased to 21.1% from 25.4%, as of Dec. 1, 2023,” he said. … Read more
The National Bank of Ukraine (NBU) is confident in the lawfulness of the decision to withdraw the systemic Sense Bank (formerly Alfa-Bank, Kyiv) from the market, since it was adopted in strict accordance with the laws “On the National Bank of Ukraine,” “On Banks and Banking Activities,” “On the Household Deposits Guarantee System,” the NBU … Read more
Ukraine’s National Bank (NBU) plans to kickstart Ukraine’s accession to the Single Euro Payments Area (SEPA) in 2024, chairman Andriy Pyshnyi wrote on Facebook. This move comes on the heels of the European Council’s decision on Dec. 14 to commence negotiations on Ukraine’s accession to the EU. “The European Council made a historic decision on … Read more
State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
The Ukrainian parliament has approved the first draft of a bill that would raise taxes for commercial banks, Ukrainian MP and Deputy Head of the Finance Committee, Yaroslav Zheleznyak, said in a Telegram post on Oct. 19. According to him, the bill was supported by 247 MPs in its first reading. The document will now … Read more
The government of Ukraine on July 21 made a decision on state participation in the withdrawal of the systemically important JSC Sense Bank from the market in order to ensure the stability of the country’s financial system and protect the interests of depositors and other creditors of the bank, the Ministry of Finance said. “Nationalization … Read more
The National Bank of Ukraine (NBU) has decided to withdraw Sense Bank (formerly Alfa-Bank) from the market and turned to the government with a proposal to nationalize it, NBU Governor Andriy Pyshnyy said. “The board of the National Bank … decided to withdraw the systemically important Sense Bank from the market and made a proposal … Read more
The Deposit Guarantee Fund promises minimal restrictions for Sense Bank clients during the period of its nationalization until Monday morning, July 24: no loans will be issued during this period, and legal entities will not be able to use the bank’s services until the afternoon of July 21, said Svitlana Rekrut, the director of the … Read more