The Cabinet of Ministers of Ukraine has made a decision to commence preparations for the sale of state shares in JSC "Sens Bank" and JSC "Ukrgasbank". According to the Ministry of Finance, the sale will be conducted in accordance with the law "On the peculiarities of selling state-owned shares in the authorized capital of banks" and will follow three phases: preparing shares for sale, conducting a competition, and signing a purchase agreement.
The primary goal is to reduce the state's share in the banking sector and replenish the State Budget. The ministry noted that decreasing the state's presence in the banking system is one of its key operational objectives under the Government's Action Program.
Additionally, the Ministry intends to announce a competition for selecting an advisor for the sale of shares in JSC "Sens Bank" and JSC "Ukrgasbank" by the end of autumn 2025.
On August 14, 2025, the Financial Stability Council reviewed the potential risks of selling shares of these banks for the financial system. The discussion confirmed that such a sale would not negatively impact the stability of the banking system.
JSC "Ukrgasbank" (UGB) is a Ukrainian commercial bank with a state share of 94.94%, which came under state control in 2009.
JSC "Sens Bank", formerly known as "Alfa-Bank Ukraine", officially transitioned to state ownership in July 2023 due to sanctions imposed on its Russian shareholders.