How and when the state will sell its shares in banks. Infographics

In five years the state share in the banking sector should be reduced from the current 55% to 24%.

This includes the new strategy of the reform of state-owned banks, approved by the Cabinet.

In particular, by 2022 fully plan to sell “PrivatBank” and “Ukrgasbank”. In “Oshchadbank” the government plans to keep 55% and in “Ukreximbank” – 80-100%.

The Ministry of Finance of Ukraine

“The government supported the updated Strategy of the state in the banking sector. This is an extremely important step that will enable us to achieve the strategic goal of the reform of the state banks and reduce the state’s share in the banking sector of the country. It is necessary to accelerate economic growth, which is impossible without an effective banking sector. The strategy will allow to increase competition in the banking market, to support the financial stability of the country, to resume lending to the real sector of the economy, increase the availability of banking services,” said Finance Minister Alexander danyluk.

The government hopes that “the effective implementation of the state Strategy in the banking sector will make the Ukrainian banking sector is profitable and more attractive for foreign and Ukrainian investors and lead to a gradual and transparent privatization of state banks.”

We will remind, the state represented by the Ministry of Finance is the owner of four banks – “PrivatBank”, “Oschadbank”, “Ukreximbank” and “Ukrgasbank”. In General, the state controls 55% of the banking sector of Ukraine.

At the end of last year, the national Bank of Ukraine liquidated the state “Rodovid Bank”.

How and when the state will sell its shares in banks. Infographics

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