The Cabinet of Ministers of Ukraine has decided to begin preparations for the sale of state shares in JSC "Sens Bank" and JSC "Ukrgasbank". This was reported by the Ministry of Finance of Ukraine.
It is noted that the sale will be conducted in accordance with the law "On the peculiarities of selling state-owned shares in the statutory capital of banks" in three stages: preparing the shares for sale, holding a competition, and signing the sale agreement.
The primary goal of this sale is to decrease the state's share in the banking sector and to replenish the State Budget. The ministry emphasizes that reducing state presence in the banking sector is one of the eight priority operational goals of the Ministry of Finance under the Government's action program.
Additionally, the Ministry plans to announce a competition by the end of fall 2025 to select an advisor for the sale of shares in "Sens Bank" and "Ukrgasbank".
On August 14, 2025, the Financial Stability Council examined the potential risks of selling these bank shares for the financial system. The discussions confirmed that such a sale would not negatively affect the stability of the banking system.
JSC "Ukrgasbank" is a Ukrainian commercial bank with a state share of 94.94% (owned by the government of Ukraine) that came under state control in 2009.
JSC "Sens Bank", formerly "Alfa-Bank Ukraine", officially transitioned to state ownership in July 2023 due to its shareholders being Russian businessmen listed in sanction lists.