FinMin aims to quickly restore management of Sense Bank and begin preparations for its sale – minister
The Ministry of Finance of Ukraine and the government are making decisions on completing the formation of the new supervisory board of state-owned Sense Bank and quickly restoring its management, Ukrainian Finance Minister Serhiy Marchenko said.
Ukrainian Finance Minister Serhiy Marchenko stated that the government aims to swiftly restore Sense Bank's management and initiate its sale preparations. The Ministry has informed the National Bank of potential reputational issues with two members of Sense Bank's management board and is awaiting their decision. Changes in legislation on corporate governance have restricted government and Finance Ministry's authority to swiftly make personnel decisions.
International partners are being consulted on how to improve this situation in the future. Sense Bank, nationalized in 2023, has been involved in two high-profile NABU investigations. Following the latest investigation, the government removed Sense Bank's Supervisory Board Chairman Mykola Hladyshenko and initiated the removal of Management Board Chairman Oleksii Stupak.
In August, the government appointed former NBU Banking Supervision Department Director Natalia Dehtiarova and former PrivatBank CEO Gerhard Bösch as independent board members, pending approval by the National Bank. Deputy Finance Minister Yuriy Drahanchuk announced a further selection process for an independent member of Sense Bank's supervisory board.
Ukrainian Prime Minister Serhiy Koretsky directed the Finance Ministry to speed up preparations for Sense Bank's sale to fund defense. The adviser for this process will be engaged through March 1, 2029, with the Finance Ministry planning to submit the results to the government soon.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
