Sense Bank transferred into state ownership

The Ukrainian Finance Ministry and the Deposit Guarantee Fund have signed an agreement on the purchase of 100% of shares in Sense Bank PJSC, meaning the bank has become state property.

The relevant statement was made by the Government portal, an Ukrinform correspondent reports.

“On July 22, 2023, the Ukrainian Finance Ministry and the Deposit Guarantee Fund signed an agreement on the purchase of 100% of shares in the systemically important bank, Sense Bank PJSC, meaning the bank was transferred into state ownership,” the report states.

According to the Cabinet of Ministers of Ukraine, the above step will contribute to the protection of the interests of the Bank’s depositors and prevent threats to the financial stability of Ukraine.

A reminder that, on July 20, 2023, the Board of the National Bank of Ukraine (NBU) endorsed a decision to withdraw the systemically important bank, Sense Bank PJSC, from the market. The Cabinet of Ministers of Ukraine accepted the NBU’s proposal regarding state participation in the withdrawal of the bank from the market.