The Ministry of Finance of Ukraine, the state-owned Ukrgasbank and Sens Bank, and N.M. Rothschild & Sons Limited—a member of the Rothschild & Co. group—have signed tripartite agreements for financial advisory services to prepare for the sale of the state’s stake in the two banks.
“Rothschild & Co was selected following a competitive bidding process. Rothschild & Co will provide services as part of a consortium with FinPoint, a Ukrainian investment banking firm,” according to a press release from the Ministry of Finance posted on its website on Friday.
According to the press release, the advisor will provide comprehensive financial consulting services, including: coordinating due diligence on the banks’ operations—in part to determine the initial sale price—preparing information about the banks for potential investors, attracting investors, and facilitating the organization of a competitive bidding process for the sale of their shares.
“Engaging an international financial advisor is an important step in implementing the strategy to reduce the state’s stake in the banking sector. Our task is to ensure a transparent, competitive process for the sale of state-owned stakes in Ukrgasbank and Sens Bank, attract strategic investors, and create conditions for the further development of these institutions,” the press release quotes Finance Minister Serhiy Marchenko as saying.
The banks will provide updates on the next steps in preparing for privatization on their official websites, the press release also states.
As previously reported, on October 1, 2025, the government issued a directive on preparing for the sale of state-owned stakes in Sens Bank and Ukrgasbank; on October 29, the procedure for engaging an advisor was approved, and on March 31, 2026, a competition was announced to select the advisor. The advisor’s compensation will consist of a fixed portion and a success fee of up to 3% of the actual proceeds to the state budget from the sale of the stakes. The government also established a commission for the sale of state-owned stakes in banks.
N.M. Rothschild & Sons Limited is a company within the Rothschild & Co. group, registered in England and Wales, with its headquarters in London. It specializes in financial advisory services, corporate finance, and support for mergers and acquisitions (M&A).
Previously, the Rothschild & Co. group advised Ukraine on the restructuring of its sovereign debt; it was also hired by Ukrzaliznytsia this year to restructure its Eurobonds.
As part of its programs with the International Monetary Fund, Ukraine has repeatedly committed to engaging an advisor for the privatization of Sens Bank and Ukrgasbank; the initial deadline was set for the end of September 2024, and the latest deadline—under the new program—is the end of July of this year.
According to data from the National Bank, as of July 1, 2026, Ukrgasbank, with total assets of 228.74 billion hryvnia, ranked seventh, while Sens Bank, with 157.73 billion hryvnia, ranked ninth among Ukraine’s 59 banks.
MINISTRY OF FINANCE, PRIVATIZATION, ROTHSCHILD, UKRGASBANK, СЕНС БАНК
The Ministry of Finance of Ukraine, the state-owned Ukrgasbank and Sens Bank, and N.M. Rothschild & Sons Limited, a member of the Rothschild & Co. group, have signed tripartite agreements for the provision of financial advisory services in preparation for the sale of the state’s stake in the two banks.
“Rothschild & Co was selected following a competitive bidding process. Rothschild & Co will provide services as part of a consortium with FinPoint, a Ukrainian investment banking firm,” according to a press release from the Ministry of Finance posted on its website on Friday.
According to the release, the advisor will provide comprehensive financial consulting services, including: coordinating due diligence on the banks’ operations—in part to determine the initial sale price—preparing information about the banks for potential investors, attracting investors, and facilitating the organization of a competitive bidding process for the sale of their shares.
“Engaging an international financial advisor is an important step in implementing the strategy to reduce the state’s stake in the banking sector. Our task is to ensure a transparent, competitive process for the sale of state-owned stakes in Ukrgasbank and Sens Bank, attract strategic investors, and create conditions for the further development of these institutions,” the press release quotes Finance Minister Serhiy Marchenko as saying.
The banks will provide updates on the next steps in preparing for privatization on their official websites, the press release also states.
As previously reported, on October 1, 2025, the government issued a directive on preparing for the sale of state-owned stakes in Sens Bank and Ukrgasbank; on October 29, the procedure for engaging an advisor was approved, and on March 31, 2026, a competition was announced to select the advisor. The advisor’s compensation will consist of a fixed portion and a success fee of up to 3% of the actual proceeds to the state budget from the sale of the stakes. The government also established a commission for the sale of state-owned stakes in banks.
N.M. Rothschild & Sons Limited is a company within the Rothschild & Co. group, registered in England and Wales, with its headquarters in London. It specializes in financial advisory services, corporate finance, and support for mergers and acquisitions (M&A).
Previously, the Rothschild & Co. group advised Ukraine on the restructuring of its sovereign debt; it was also hired by Ukrzaliznytsia this year to restructure its Eurobonds.
As part of its programs with the International Monetary Fund, Ukraine has repeatedly committed to engaging an advisor for the privatization of Sens Bank and Ukrgasbank; the initial deadline was set for the end of September 2024, and the latest deadline—under the new program—is the end of July of this year.
According to data from the National Bank, as of July 1, 2026, Ukrgazbank, with total assets of 228.74 billion UAH, ranked seventh, while Sens Bank, with 157.73 billion UAH, ranked ninth among Ukraine’s 59 banks.
The Ukrainian Corporation for Viticulture and Winemaking “Ukrvinprom” and the state-owned “Ukrgasbank” have signed a cooperation agreement aimed at supporting the development of the Ukrainian wine industry, implementing joint projects, developing wine tourism, and introducing modern financial instruments for companies in the industry, the corporation reported.
As Ukrvinprom CEO Volodymyr Kucherenko stated in a comment to Interfax-Ukraine, the goal of the agreement is to create opportunities for further cooperation and provide winemakers with access to the bank’s financial instruments.
The agreement does not specify a fixed amount of funding. Industry enterprises will have access to the bank’s financial instruments as needed and within the framework of specific projects, in accordance with the terms of the bank’s programs.
“It is important to us that this particular agreement opens up an additional tool to support our winemakers and industry enterprises. You will see concrete results in certain areas of this cooperation, I think, in the very near future—even before the end of this year,” he said.
According to Kucherenko, the collaboration will also encompass the development of wine tourism and the preservation of Ukraine’s winemaking cultural heritage.
“We see the need to revive, preserve, study, and restore the so-called Mazepa Wine Cellar. We also see other areas that we are currently exploring. We hope that with the help of ‘Ukrgasbank’ and other patrons, we will be able to revive our Ukrainian winemaking heritage. And not only revive and preserve it, but also build upon the achievements of our winemakers,” Kucherenko noted.
He added that “Ukrvinprom” is open to cooperation with all market participants. In the first phase, the corporation plans to help its members gain access to special programs developed jointly with the bank, as well as to inform market participants about available opportunities.
The agreement was signed on September 18 during the 5th International Forum “Ukrainian Wine—Part of the World’s Cultural Heritage: From Trypillia to the Present Day” in Kyiv. One of the forum’s topics was financing opportunities for investments in winemaking and wine tourism.
Agromat LLC, an industrial and technical company that began a public offering of three-year Series “J” bonds worth 100 million hryvnia in late July, launched a similar offering of Series “K” bonds worth another 100 million hryvnia on August 5.
According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the interest rate on the bonds—which have three-month coupons—is 16% per annum for the first six months, and for each subsequent six-month period through July 2029, it is 3-month UIRD (Ukrainian Index of Interest Rates on Deposits for Individuals) +4.9 percentage points.
Bonds with a face value of 1,000 UAH will be placed at par through the PFTS exchange, with the state-owned Ukrgasbank acting as the investment firm. The public offering of the bonds is limited to qualified investors and will run from August 5 to October 4, 2026.
The nominal interest rate for the previous “J” series issue, registered by the National Securities and Stock Market Commission on July 17 of this year, is set at 16% per annum for the first six months of circulation. The public offering period runs from July 29 to September 21, 2026.
It is noted that Agromat corporate bonds of Series “H,” “I,” and “J” are currently in circulation, each with a total face value of 100 million UAH.
Agromat, established in 1993, manufactures and sells ceramic tiles and bathroom fixtures. It operates through 33 retail locations in 21 cities across Ukraine and online at agromat.ua. According to the YouControl analytical system, the company’s co-owners, each holding a 28.65% stake, are CEO Serhiy Voitenko, Oksana Reva, and Anatoliy Taday; an additional 10.05% is owned by Olga Bashota, and 4% by Nadiya Rushelyuk.
According to information on its website, based on the results for 2025, PTK LLC “Agromat” increased its net revenue by 5.2% compared to the previous year—to 3.59 billion UAH—and its net profit by 91.4%, to 148 million UAH. In the first half of 2026, net revenue grew by 20.2% compared to the same period last year—to 1.9 billion UAH, while the net loss amounted to 177.5 million UAH, compared to a net profit of 87.1 million UAH a year ago.
As of June 30, 2026, the Agromat Group’s creditors include Raiffeisen Bank—UAH 199 million at 14.9%, Pivdenny Bank—UAH 30 million at 16.5%, OTP Bank—UAH 90 million at 16.5%, Crédit Agricole—78 million UAH at 14.25%, Kredobank—75.1 million UAH at 15.5%, and ProCredit for a total of 185.8 million UAH at rates ranging from 3.76% to 15.5%.
In May 2026, the Export Credit Agency (ECA) supported exports by Ukrainian companies to the tune of 1.16 billion UAH.
According to the agency’s website, Ukrgasbank provided the largest volume of support in cooperation with partner banks, backing UAH 1.059 billion in exports.
The largest volume of supported exports came from enterprises in Kyiv (UAH 879.3 million) and Chernihiv (UAH 88.7 million) regions.
The main importing countries for products from Ukrainian manufacturers insured by ECA in May were the UAE (UAH 879.26 million), the Netherlands (UAH 154.19 million), Kazakhstan, and Kyrgyzstan—each with UAH 44.35 million.
In terms of sectoral structure, the largest shares were accounted for by milk processing and the production of butter and cheese, the cultivation of pome and stone fruits, the production of wallpaper, sawmilling and planing, and the production of industrial refrigeration and ventilation equipment.
ECA, EXPORTS, UAE, UKRGASBANK
According to Fixygen, PJSC AB “Ukrgasbank” will hold a shareholders’ meeting on April 24, 2026, via remote participation. According to the bank’s materials, the main items on the agenda include approval of the financial and operational results for 2025, distribution of profits or coverage of losses, as well as other corporate decisions related to the bank’s management.
“Ukrgasbank” is a state-owned bank of Ukraine specializing in corporate, retail, and “green” financing. The state is the majority shareholder. The bank actively participates in business lending programs, energy efficiency initiatives, and international financial projects.
https://www.fixygen.ua/news/20260331/ukrgazbank-priznachiv-zbori-aktsioneriv-na-24-kvitnya.html
