--- title: "Cabinet of Ministers changes Sense Bank leadership and accelerates privatization preparations: what is known" description: "The Cabinet of Ministers of Ukraine has changed the leadership of the supervisory board of Sense Bank and instructed the Ministry of Finance and the NBU to accelerate the bank's preparation for privatization. Proceeds from the sale will be directed to the needs of the Armed Forces." date: 2026-08-21T17:52:00.000Z lang: en url: https://xab.info/en/posts/cabinet-of-ministers-changes-sense-bank-leadership-and-accelerates-privatization-preparations tags: [ukraine, sense-bank, privatization, cabinet-of-ministers, corporate-governance, nabu] publisher: "XAB.info" --- # Cabinet of Ministers changes Sense Bank leadership and accelerates privatization preparations: what is known ![Ukrainian government meeting: discussion on new Sens Bank management and privatization preparations](https://xab.info/media/2026/08/22/kabmin-smenil-rukovodstvo-sens-banka-i-uskoril-podgotovku-k-privatizatsii/kabmin-smenil-rukovodstvo-sens-banka-i-uskoril-podgotovku-k-privatizatsii-1.webp) ## 🎯 Key Points - The Cabinet of Ministers terminated the powers of the head of the supervisory board of Sense Bank and appointed a new state representative to its composition. - The main goal of the changes is to ensure a quorum in the bank's management bodies to make decisions. - The Ministry of Finance and the NBU have been assigned to establish corporate governance and prepare the bank for privatization. - Funds from the sale of the nationalized bank will be directed to the needs of the Armed Forces of Ukraine. The Cabinet of Ministers of Ukraine has made personnel decisions regarding the state management bodies of Sense Bank: the powers of the head of the bank's supervisory board have been terminated, and a new state representative has been appointed to its composition. This was announced by Prime Minister Serhiy Kretsky during a government meeting, according to RBC-Ukraine. According to him, the main goal of the changes is to quickly ensure a quorum in the bank's management bodies to remove the blocking pause and allow the financial institution to make necessary management decisions. ### Assignment to the Ministry of Finance and NBU: corporate governance and preparation for sale The government has also given the Ministry of Finance and the National Bank of Ukraine a specific assignment: to immediately take measures to ensure proper corporate governance of the bank and to properly prepare it for further privatization and sale to investors. This is a continuation of the previously set task for the Ministry of Finance to activate the process of selling the nationalized Sense Bank. Kretsky previously emphasized that the authorities intend to accelerate the bank's exit to the market, but for this, the ministries must first resolve the accumulated problems surrounding the financial institution. ### Financial context: funds for defense needs As previously noted, all funds obtained from the privatization of Sense Bank will be directed to meet the needs of the Armed Forces of Ukraine. Thus, the personnel reshuffle in the supervisory board and assignments to regulators are embedded in a broader plan to monetize a nationalized asset in wartime conditions, when the state strives to simultaneously bring order to management and attract a strategic investor. ### Reputational background around the bank Personnel decisions are taking place against the backdrop of additional regulatory initiatives: according to business media, the NBU has initiated the recognition of the business reputation of the chairman of the board of directors of Sense Bank as impeccable. At the same time, according to a number of publications, the bank is featured in the so-called "Mendich tapes," which adds an additional political and reputational context to the process of its sale and bringing order to management. The combination of these factors explains why the government is betting on the operational formation of a working quorum and a clear division of responsibility between the Ministry of Finance and the regulator. ### What's next In the coming weeks, the key factor will be how quickly the Ministry of Finance and the NBU can implement the assignment on corporate governance and prepare the bank for the market. This will determine whether it will be possible to accelerate privatization and direct the expected funds from the sale to defense needs according to the schedule announced by the government. Further steps will likely be monitored by both the market and the public, given the sensitivity of the asset and the public resonance associated with it. ## πŸ” Fact-Check Verification - [Cabinet of Ministers terminated the powers of the head of the supervisory board of Sense Bank](https://www.rbc.ua/ukr/news/kabmin-pripiniv-povnovazhennya-golovi-naglyadovoyi-1787334275.html) - ΠŸΠΎΠ΄Ρ‚Π²Π΅Ρ€ΠΆΠ΄Π°Π΅Ρ‚ ΠΏΡ€Π΅ΠΊΡ€Π°Ρ‰Π΅Π½ΠΈΠ΅ ΠΏΠΎΠ»Π½ΠΎΠΌΠΎΡ‡ΠΈΠΉ Π³Π»Π°Π²Ρ‹ набсовСта ΠΈ ΠΊΠ°Π΄Ρ€ΠΎΠ²Ρ‹Π΅ Ρ€Π΅ΡˆΠ΅Π½ΠΈΡ Кабмина. - [Cabinet of Ministers terminated the powers of the head of the supervisory board of Sense Bank β€” Kretsky](https://fakty.com.ua/ru/ukraine/20260821-uryad-prypynyv-povnovazhennya-golovy-naglyadovoyi-rady-sense-bank-koretskyj/) - ΠŸΠΎΠ΄Ρ‚Π²Π΅Ρ€ΠΆΠ΄Π°Π΅Ρ‚ заявлСниС ΠΏΡ€Π΅ΠΌΡŒΠ΅Ρ€Π° ΠšΠΎΡ€Π΅Ρ†ΠΊΠΎΠ³ΠΎ ΠΎ ΠΊΠ°Π΄Ρ€ΠΎΠ²Ρ‹Ρ… Ρ€Π΅ΡˆΠ΅Π½ΠΈΡΡ… Π² ΠΎΡ‚Π½ΠΎΡˆΠ΅Π½ΠΈΠΈ Π±Π°Π½ΠΊΠ°. - [NBU initiates recognition of the business reputation of the chairman of the board of directors of Sense Bank as impeccable ...](https://delo.ua/ru/news/nbu-iniciiruet-priznanie-delovoi-reputacii-predsedatelya-pravleniya-sens-banka-nebezuprecnoi-pysnyi-471071/) - Π”ΠΎΠΏΠΎΠ»Π½ΠΈΡ‚Π΅Π»ΡŒΠ½Ρ‹ΠΉ контСкст ΠΎ рСгуляторной ΠΈΠ½ΠΈΡ†ΠΈΠ°Ρ‚ΠΈΠ²Π΅ НБУ; ΠΏΠΎΠ΄Π°Π½ Π² ΡΡ‚Π°Ρ‚ΡŒΠ΅ с Π°Ρ‚Ρ€ΠΈΠ±ΡƒΡ†ΠΈΠ΅ΠΉ ΠΊΠ°ΠΊ информация Π΄Π΅Π»ΠΎΠ²Ρ‹Ρ… БМИ. - [Cabinet of Ministers wants to sell "Sense Bank" as soon as possible, which is featured in the "Mendich tapes" β€” media](https://zn.ua/POLITICS/kabmin-khochet-kak-mozhno-bystree-prodat-sens-bank-kotoryj-fihuriruet-v-plenkakh-mindicha-smi.html) - ΠŸΠΎΠ΄Ρ‚Π²Π΅Ρ€ΠΆΠ΄Π°Π΅Ρ‚ курс Π½Π° ускорСниС ΠΏΡ€ΠΎΠ΄Π°ΠΆΠΈ; ΡƒΠΏΠΎΠΌΠΈΠ½Π°Π½ΠΈΠ΅ Β«ΠΏΠ»Π΅Π½ΠΎΠΊ ΠœΠΈΠ½Π΄ΠΈΡ‡Π°Β» ΠΏΠΎΠ΄Π°Π½ΠΎ с Π°Ρ‚Ρ€ΠΈΠ±ΡƒΡ†ΠΈΠ΅ΠΉ Β«ΠΏΠΎ Π΄Π°Π½Π½Ρ‹ΠΌ БМИ». ## ❓ FAQ ### Q: What personnel decisions did the Cabinet of Ministers make regarding Sense Bank? **A:** The Cabinet of Ministers terminated the powers of the head of the supervisory board of Sense Bank and appointed a new state representative to its composition. The goal is to ensure a quorum in the management bodies to make decisions. ### Q: Who was assigned to prepare the bank for privatization? **A:** The assignment was given to the Ministry of Finance and the National Bank of Ukraine: they must establish proper corporate governance and properly prepare the bank for sale to investors. ### Q: Where will the funds from the sale of the bank go? **A:** According to the previously stated position of the authorities, all funds from the privatization of Sense Bank will be directed to meet the needs of the Armed Forces of Ukraine.