AUB News

Andriy Dubas, President of the Association of Ukrainian Banks, gave a lecture to students and faculty of the European University. The topic of the meeting was the transformation and resilience of the Ukrainian banking sector in the context of full-scale war.

In his speech, he outlined the key stages in the development and reform of Ukraine's banking system over the past ten years, which have enabled the country to enter 2022 with a strong and capitalized financial system.
Dubas also shared the experience of the Association of Ukrainian Banks in the first weeks of the invasion. In particular, the AUB helped banks relocate their offices and servers, organized the transfer of cash collection vehicles for the needs of the Armed Forces and territorial defense, and initiated online training in first aid.

The president of the AUB shared a true story that clearly demonstrates the contribution of banks to the common cause of defending the country. In the spring of 2022, one of the cash collection vehicles was transferred to the army. During an evacuation mission, the vehicle came under heavy fire from enemy Russian troops, but managed to save people.

Андрій Дубас
Президент АУБ

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«There were people in the armored capsule of this cash-in-transit vehicle. Although the vehicle was literally riddled with bullets, it withstood the attack. The people were taken to a safe area, and their lives were saved. Later, part of the car's hood, which was riddled with bullets, was handed over to the Association. We cut it into small pieces, which we used to create symbolic plaques called “Courage.” We presented them to foreign delegations in 2022, 2023, and 2024. This was our way of showing that even banks and financial institutions, which at first glance have no direct connection to the armed defense of the country, can be extremely useful at a time when the country needs help," Andriy Dubas shared.

 

 

After the lecture, the audience thanked the AUB president and noted that such meetings give them the opportunity to gain unique knowledge about the functioning of the financial system in crisis conditions, as well as to be inspired by the example of resilience and professionalism of the Ukrainian banking and financial community.