The Ukrainian Cabinet of Ministers has decided to start the process of preparing for the sale of state-owned shares in JSC "Sens Bank" and AB "Ukrgasbank", as reported by the Ministry of Finance of Ukraine.
It is noted that the sale of these bank shares will occur according to the law "On the specifics of selling state-owned shares in the capital of banks" in three phases: preparing the shares for sale, conducting a competition, and signing a purchase agreement.
The goal of this sale is to reduce the state’s share in the banking sector and replenish the state budget. The ministry emphasized that decreasing the state’s presence in the banking sector is one of the eight priority operational goals of the Ministry of Finance within the Government's action program.
Moreover, the Ministry plans to announce a competition for selecting a sales advisor for the shares of JSC "Sens Bank" and AB "Ukrgasbank" by the end of autumn 2025.
On August 14, 2025, the Financial Stability Council reviewed potential risks associated with the sale of these banks' shares for the financial system. The discussion confirmed that such a sale would not negatively impact the stability of the banking system.
Public Joint Stock Company "Ukrgasbank" (UGB) is a Ukrainian commercial bank with a state share of 94.94% (owned by the Ukrainian government), which came under state control in 2009.
JSC "Sens Bank", formerly known as "Alfa-Bank Ukraine", was officially transferred to state ownership in July 2023 due to its shareholders being Russian businessmen listed in sanctions.