Finance Ministry announces competition for selection of advisor for sale of stakes in Sense Bank and Ukrgasbank

The Ministry of Finance announces competition for selection of advisor for sale of stakes in Sense Bank and Ukrgasbank, which are systemically important banks in Ukraine.

This is announced in the statement of the Ministry of Finance, Ukrainian News Agency reports.

The main task of the advisor will be to provide services in connection with the state's intention to sell stakes in the specified banks owned by the state, in particular, increasing the value of the banks' stakes, attracting potential investors, preparing and conducting all stages of the sale of such stakes.

One sales advisor will be involved for both banks with a service period until March 1, 2029.

Only legal entities included in the rating of financial advisors that accompanied the largest volume of sales transactions (mergers and acquisitions) of financial institutions and financial groups in Europe in terms of number and/or value, based on data from the London Stock Exchange Group, may participate in the competition for the selection of a sales advisor.

Other persons are not allowed to participate in the competition.

The main criteria for the selection of a sales advisor will be:

- international experience in the sale of financial institutions;

- high level of competence;

- a comprehensive action plan for the sale of bank stakes proposed by such an advisor.

Payment for the services of a sales advisor will consist of a fixed fee and a possible success fee in the amount of up to 3% of the actual receipt of the state budget from the sale price of bank stakes.

The documentation for participation in the competition must be submitted to the Ministry of Finance no later than 05:59 pm (Kyiv time) on June 15, 2026 in electronic and paper forms.

The tender documentation received by the Ministry of Finance after the specified date and time will not be taken into account (in particular, the tender documentation of participants who did not submit the documents in paper form on time, even if the electronic version is submitted on time).

As Ukrainian News Agency earlier reported, the government previously decided to begin preparations for the sale of state-owned shares in the authorized capital of JSC Sense Bank and JSB Ukrgasbank, in order to reduce the share of state ownership in the banking sector and attract funds from the sale to the state budget.

Reducing the state's share in the banking sector is one of the eight priority operational goals of the Ministry of Finance of the Government Action Program.