The Cabinet of Ministers of Ukraine has decided to initiate the preparation for the sale of state shares in JSC "Sens Bank" and AB "Ukrgasbank". This was reported by the Ministry of Finance of Ukraine.
The sale of state shares in JSC "Sens Bank" and AB "Ukrgasbank" will be carried out in accordance with the law "On the peculiarities of the sale of state-owned shares in the charter capital of banks" in three stages: preparation of the shares for sale, holding a competition, and concluding the purchase agreement.
The aim of the sale is to reduce the state's stake in the banking sector and replenish the state budget. The ministry noted that reducing the state's stake in the banking sector is one of eight priority operational goals of the Ministry of Finance within the Government's action program.
Additionally, the Ministry of Finance plans to announce a competition to select an advisor for the sale of shares in JSC "Sens Bank" and AB "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 discussions 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 stake in capital of 94.94% (represented by the government of Ukraine), which came under state control in 2009.
JSC "Sens Bank", formerly "Alfa-Bank Ukraine", officially became state-owned in July 2023. The transfer of the bank to state ownership was due to its shareholders being Russian businessmen included in the sanctions lists.