The Association of Ukrainian Banks, the National Association of Banks of Ukraine, the Association of Veterans Entrepreneurs of Ukraine, the League of Insurance Organizations of Ukraine, and the Ukrainian Chamber of Commerce and Industry have appealed to the Chairman of the Verkhovna Rada of Ukraine and Members of Parliament, urging them not to support Draft Law No. 15262, which proposes increasing the corporate income tax rate for banks to 50%.
In their joint appeal, the signatories emphasized that raising the corporate income tax rate for banks could negatively affect lending to the economy, the investment climate, and the development of veteran-owned businesses.
The position was developed following a joint discussion involving representatives of the banking sector, business associations, and the construction and insurance industries, held on June 8, 2026.
“Today, it is critically important to make decisions that both address the needs of the state budget and create conditions for sustainable economic development. The willingness of businesses to invest and of the financial sector to support economic growth largely depends on the predictability of government policy,” said Vitalii Romanchukevych, First Vice President of the Association of Ukrainian Banks.
Participants in the discussion noted that the legislative initiative is being considered at a time when lending to the economy is actively recovering. According to the National Bank of Ukraine, net hryvnia-denominated corporate loans increased by 35.6% in 2025, while household lending grew by 33.9%.
At the same time, further lending growth directly depends on the level of banks’ capitalization, the primary source of which is retained earnings. According to the signatories, additional tax pressure could limit banks’ ability to finance businesses, investment projects, energy infrastructure development, the defense industry, as well as lending programs for veterans and veteran entrepreneurship.
The Association of Veterans Entrepreneurs of Ukraine also contributed to the preparation of the appeal. Its Chairman, Serhii Pozniak, stressed that the issue of increasing the corporate income tax rate for banks is directly linked to future financing opportunities for veteran-owned businesses and the economic reintegration of military personnel.
“No grant program is capable of financing the economic reintegration of hundreds of thousands of veterans. Sooner or later, the country will have to learn how to rebuild using its own resources, and banks will play a key role in this process,” said Serhii Pozniak.
The signatories also drew attention to potential risks for the investment climate and the process of aligning Ukraine’s financial sector with European regulatory standards. In their view, introducing a special tax regime exclusively for banks creates additional regulatory uncertainty and may negatively affect investment attraction during the post-war recovery period.
According to the authors of the appeal, maintaining predictable operating conditions for the financial sector is an important prerequisite for further business lending, implementation of investment projects, and the development of veteran entrepreneurship.
