The Ministry of Finance launches a competition for the sale of state-owned banks: an advisor is being sought for Sense Bank and UKRGASBANK

The state is preparing to sell stakes in systemically important banks

The Ministry of Finance of Ukraine has announced a competition to select an advisor for the sale of stakes in JSC Sense Bank and JSB UKRGASBANK, which are owned by the state and are included in the list of systemically important banks. The Ministry of Finance reports this.

The selected advisor will support all stages of preparation and implementation of the sale, including increasing the investment attractiveness of assets, attracting potential investors and organizing transactions.

Strict requirements for participants

Only legal entities that are included in the rating of financial advisors by the volume of mergers and acquisitions in the European financial sector for 2023–2025 according to the London Stock Exchange Group are allowed to participate in the competition.

Among the key selection criteria:

the presence of international experience in the sale of financial institutions;

a high level of professional competence;

the presence of a comprehensive plan for the sale of stakes.

Payment terms and terms

The advisor is planned to be engaged by March 1, 2029. His remuneration will consist of a fixed part and a bonus for the successful implementation of the deal – up to 3% of the amount of revenues to the state budget.

The tender documentation must be submitted by June 15, 2026 (by 17:59 Kyiv time) simultaneously in electronic and paper forms. Documents submitted after the deadline or without a paper version will not be considered.

International control and legal basis

Representatives of international financial organizations, EU institutions and other partners of Ukraine are involved in the selection process as observers, who will have the right to provide recommendations and receive information regarding the tender.

The tender is held in accordance with a special law on the sale of state-owned bank stakes, as well as government decisions that determine the procedure for engaging an advisor and starting preparations for privatization.

Thus, the state is moving to the practical stage of preparing for the sale of shares in key banking institutions, which should be an important step in reforming the financial sector.