On a monthly basis, we provide updates to the management of Ukrainian banks and the management of Ukrainian non-bank financial institutions regarding the activities of the Association of Ukrainian Banks (hereinafter referred to as the Association or AUB).
In March 2026, the Association of Ukrainian Banks continued its active work on adapting the financial market to new regulatory requirements and implementing innovative technologies, ensuring the sector’s stability and protecting the interests of its participants.
1. Regulatory Policy and Advocacy
The Association focused its efforts on improving the regulatory framework and ensuring a level playing field for all market participants:
• Social benefits and payment accounts: A letter was sent to the NBU proposing to allow the crediting of social benefits to payment accounts of non-bank financial service providers, which will help expand citizens’ access to modern services.
• Capital and profit optimization: The AUB proposed that the NBU clarify the procedure for accounting for distributed profits (amendments to Resolution No. 192) to eliminate legal uncertainty for institutions.
• Standardization of strategic planning: Proposals were submitted to unify the format of the Business Plan for non-bank financial institutions (NBFIs), which should simplify the reporting and audit process.
• Financial monitoring: Recommendations from the State Financial Monitoring Service regarding the reporting of information on participants in suspicious transactions were communicated to the non-banking sector.
• Capital and Risks: The AUB has submitted a proposal to the NBU to amend Resolution No. 196 regarding the procedure for deducting current-year losses from regulatory capital (OK1). A request has also been submitted for clarification of the provisions of Regulation No. 158 regarding the calculation of the minimum risk amount.
• Postponement of New Requirements: An appeal was initiated to the regulator regarding the postponement of the entry into force of certain requirements of Resolution No. 13 concerning the calculation of credit risk, scheduled for May 1, 2026.
• Remote verification: Based on testing the customer journey via e-passport sharing, proposals were prepared for Regulation No. 107 to improve the speed of service delivery.
• Financial monitoring: Banks were provided with current recommendations from the State Financial Monitoring Service regarding the reporting of information on customers involved in suspicious activities.
2. Expert activities: Committees and Working Groups
March was marked by high activity across specialized platforms:
• Education and AI: On March 6, Mykhailo Patsan hosted a webinar on the use of artificial intelligence in finance, and on March 17, a practical offline event was held on the legal grounds for refusing to conduct financial transactions.
• Non-bank Lending: On March 11, the Committee, chaired by Serhii Sinchenko, analyzed the impact of the NBU’s new requirements on the non-bank financial services sector.
• Cybersecurity and information security: On March 30, an online meeting of the relevant Committee was held under the leadership of Denys Ovcharov.
• Documentary operations: On March 10, a meeting was held on the resumption of international export factoring with the participation of the Export-Credit Agency
• Compliance and Financial Monitoring: A series of meetings (March 11, 18, and 24) was held under the leadership of Anna Gorbenko, dedicated to preparing for NBU inspections, a risk-based approach, and the specifics of working with politically exposed persons (PEPs).
3. Strategic Networking and Development
• Financial Award of the Year: On March 12, the AUB organized a gala ceremony to honor Ukraine’s most successful banks and financial companies, bringing together market representatives, government agencies, and regulators.
• European Integration Visit to Brussels: From March 16 to 20, an official delegation of bank executives was organized to Belgium and Luxembourg. The program included working meetings with representatives of the European Commission, the European Parliament, and the European Banking Federation (EBF) to strengthen the dialogue on the integration of Ukraine’s financial market into the EU.
• Educational program: In March, the fourth course of the “Corporate Governance in Financial Institutions” program took place. As part of two modules (March 19–21 and 26–28), participants—leading market representatives—deepened their knowledge of effective supervisory board operations and building cooperation with the NBU at the IQ Business Center.
4. Media Analysis and Insights
In March, AUB President Andriy Dubas actively commented on key issues related to the financial market, international cooperation, and currency regulation, focusing on economic stability amid global challenges.
| Thematic section | Key points and expert assessments |
| Macroeconomics and International Cooperation | Cooperation with the IMF and its impact on Ukraine’s financial stability; an assessment of the economic outlook amid geopolitical instability and developments in the Middle East; comments on central bank decisions. |
| The Foreign Exchange Market and Regulation | Explanation of the dynamics of the dollar exchange rate; analysis of transactions involving government bonds as a fundraising tool. |
| Cash Collection and Financial Security | Comments on the detention of Oschadbank JSC cash collectors in Hungary while transporting cash and precious metals |
| Cash Flow and Regulatory Changes | Explanation regarding the withdrawal of certain banknotes from circulation; assessment of the impact of such decisions on the public and the banking system. |
