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COLUMN: Central Bank Calls for the Dismissal of Sense Bank’s CEO; Ministry Says No
Maxime Marquette

Primary Sources:

National Anti-Corruption Bureau of Ukraine, press release: Former head of the SBU’s cybersecurity department referred to court on charges of illicit enrichment and making false declarations; apartment valued at 21.6 million hryvnias was declared as 12.8 million in the contract, with 8.8 million of unknown origin; Articles 368-5 and 366-2 of the Criminal Code; September 2, 2026

High Anti-Corruption Court of Ukraine, press release: 15 million hryvnias bail set for the chairman of a bank’s board of directors; conditions imposed; detention and release to guarantors denied; charges under Part 5 of Article 27 and Part 3 of Article 209, September 2 and 3, 2026

High Anti-Corruption Court of Ukraine, press release: preventive measure imposed on the former deputy head of the presidential office; 60 days of detention with alternative bail set at 20 million hryvnias, August 25, 2026

Ukraine’s Retail Deposit Guarantee Fund, press release: State involvement in Sense Bank’s exit from the market through the Ministry of Finance’s purchase of shares, National Bank Council decision of July 20, 2023, and Fund Decision No. 872, transfer completed within two calendar days, 2023

Ukraine’s Retail Deposit Guarantee Fund, press release: Decision No. 885 of July 22, 2023; end of Sense Bank’s provisional administration at 9:00 a.m. on July 23, 2023; revocation of the powers of administrator Viktoriia Stepanets; bank became state-owned, 2023

Ukraine’s Retail Deposit Guarantee Fund, bulletin: 1,749.2 billion hryvnias in retail deposits as of July 1, 2026; full guarantee during martial law and for three months thereafter; minimum coverage of 600,000 hryvnias thereafter; 59 banks on the register, 2026

Secondary Sources:

Kyiv Independent: National Bank calls on Cabinet to dismiss Sense Bank’s board chairman; Ministry of Finance disagrees; 15 million hryvnias bail; statements by Andriy Pyshnyi, Serhiy Marchenko, Viesturs Liegis, and attorney Olena Sidei; September 2 and 3, 2026

Kyiv Independent, case of illicit enrichment involving the former head of cybersecurity at the SBU sent to court, 9 million hryvnias bail paid, Slidstvo.Info investigation from April 2024, denial by the SBU, September 3, 2026

Kyiv Independent, investigation into the gradual takeover of Sense Bank following its nationalization, May 2025 nomination committee, objections from the Ministry of Finance and the EBRD, nine-member supervisory board, privatization mandated by the IMF in 2025, August 22, 2026

Kyiv Independent, dismissal of the chairman of the supervisory board and suspension of the chairman of the management board of Sense Bank, directive to sell the bank to benefit the military, comments by Andriy Pyshnyi and Serhii Koretskyi, August 20, 2026

Interfax-Ukraine, four unscheduled inspections launched by the National Bank; distribution of the 150 million hryvnias in collateral among Sense Bank, FUIB, OTP Bank, and Idea Bank; remarks by Dmytro Oliynyk before the parliamentary committee; demand for the dismissal of the director of financial oversight, 2026

Ukrinform, Prime Minister Serhii Koretskyi announces the accelerated sale of Sense Bank and the allocation of the proceeds to the defense forces; the Ministry of Finance and the National Bank are tasked with carrying this out, August 20, 2026

Kyiv Post, Sense Bank confirms investigative actions conducted at its headquarters as part of Operation Forrest Gump; four contributing companies; individuals under suspicion under Article 209.3; bank statement on the continuity of services, August 19, 2026

This content was created with the help of AI.

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