NBU Will Interview Sense Bank Chief, Opens Board-Wide Suitability Probe
NBU will interview Sense Bank chief Oleksiy Stupak on Aug. 26 over his professional fitness and has opened a separate probe into the collective suitability of the bank's entire supervisory board. Governor Andriy Pyshny cited a hidden management structure predating the bank's 2023 nationalization, capping a week that saw the Cabinet remove the board's chairman amid a NABU bail-laundering probe.
The National Bank of Ukraine (NBU) will interview Sense Bank chairman Oleksiy Stupak on August 26th as part of an administrative proceeding into his professional fitness. Additionally, the regulator has opened a review of the collective suitability of the bank's entire supervisory board, according to Governor Andriy Pyshny. Sense Bank, formerly known as Alfa-Bank Ukraine, is one of the country's largest systemically important lenders and has been under state ownership since July 2023.
The bank's ownership has been scrutinized due to former sanctioned shareholders, including Russian businessmen Mikhail Fridman, Petr Aven, and Andrey Kosogov, who held stakes through ABH Holdings S.A., a Luxembourg-registered vehicle. The NBU has found evidence of a hidden management structure that may have existed prior to Sense Bank's nationalization.
As part of enhanced supervision, NBU has opened administrative proceedings against Stupak for possible involvement in adopting collegial decisions, and has demanded the immediate termination of Mykola Hladyshenko's powers as chairman of the supervisory board due to independence concerns. The supervisory board currently lacks a quorum and cannot legally act, prompting the NBU to press the Cabinet of Ministers and the Verkhovna Rada committee to complete its membership with new appointees.
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