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NBU Details Oversight of Sens Bank as Chair Temporarily Steps Aside

The moves signal tighter oversight before a planned sale of the state-run lender.

Overview

  • Sens Bank said its supervisory board chair, Mykola Hladyshchenko, filed a voluntary request to pause his duties, and the board assigned the role to independent member Piotr Novak.
  • The National Bank of Ukraine published an official position that defended the 2023 state takeover and set out actions it says protect financial stability and depositors.
  • The regulator began monitoring whether the supervisory board meets legal and independence standards and opened an administrative proceeding to assess CEO Oleksii Stupak’s qualifications.
  • NBU said post-nationalization checks included three on-site inspections, deep off-site reviews, and 13 referrals to law enforcement and tax authorities, which revealed signs of a past hidden parallel management structure.
  • The central bank reported profits for 2023 and 2024 were kept in capital and said dividends to the state are expected from 2028, as a parliamentary commission continues inquiries linked to the “Mindich tapes.”