Financial sector news

From 2025, the course “Entrepreneurship and Financial Literacy” will become a mandatory subject for students in grades 8-9 in secondary education institutions. This is an important step towards the formation of a financially literate society in Ukraine, as it will contribute to the development of entrepreneurial skills and a conscious attitude towards financial resources among young people.

The creation of high-quality educational materials for the course is an extremely significant step in increasing the level of financial literacy of the population of Ukraine.

The relevance of this course is due to the need for high-quality knowledge for students who assess their orientation in the modern financial world and make informed decisions. To provide schools with educational materials, a group of authors and experts, including representatives of the Deposit Guarantee Fund of Individuals, members of its Expert Council on Financial Literacy, scientists and teachers from different regions of Ukraine, has created the educational course “Entrepreneurship and Financial Literacy. Grade 8”.
In 2024, based on the approved preliminary model curriculum, pilot teaching of this course for eighth-graders began. For this team of authors, together with the Ukrainian Educational Publishing Center "Orion", pilot educational materials for the course "Entrepreneurship and Financial Literacy" for 8th-graders were developed, which are currently being supplemented and adapted as part of the preparation of a complete educational and methodological set, including: a textbook, a workbook, a teacher's manual, electronic supplements and presentations for lessons.

The development of the course begins in 2021, when the Ministry of Education and Science of Ukraine approved the model curriculum "Entrepreneurship and Financial Literacy. Grades 8–9" for secondary education institutions (authors Kuznetsova A. Ya., Dovgan A. L., Chasnikova O. V., Shnitser O. P., Trygub O. V., Girchenko T. D., Shabanova O.). V., Kharchenko A. M., Nagaychuk N.)
This program is the result of a partnership between the Deposit Guarantee Fund for Individuals, the University of Banking. and the NGO "Business Club "Partner", opened in 2019 with the signing of the relevant Memorandum of Cooperation.
The project was called "For educators - from educators". 16 scientists and teachers from 5 regions of Ukraine took part in its development.
It included pilot materials, a model program, a single educational and methodological kit, as well as an Educational Program for Advanced Training of Teachers in the course "Entrepreneurship and Financial Literacy. Grades 8-9" developed on their basis. The Guarantee Fund has delegated the right to co-authorship in this project to the Head of the Financial Education Department of the Fund, Olesya SHNITSER, as well as to members of the Expert Council on Financial Literacy of the Fund - Doctors of Economic Sciences, Professors Angela KUZNETSOVA and Vitaly PYSMENNY. Andriy DOVHAN and Olena CHASNIKOVA also became co-authors of all materials.
96 teachers have already been trained within the framework of this project, who teach the course to students in schools

From now on, bank branches that are part of the POWER BANKING network and will operate even during blackouts can be found in the state application Diia - on the map of Unbreakable Points.

Thanks to the NBU's cooperation with the Ministry of Digital Transformation, every Ukrainian will now be able to quickly find information about bank branches that will operate and provide the banking services necessary for customers in the event of long-term power and communication outages. “Displaying the map of POWER BANKING branches in the Diia app is another important step in ensuring public safety and convenient access to banking services in emergency situations. We are grateful to our colleagues from the Ministry of Digital Transformation for its implementation,” said NBU Governor Andriy Pyshnyi. To view the map of the Unbreakable Points in Diia, go to the Services section in the menu - Unbreakable. POWER BANKING branches can be easily found on the map among the general list of Unbreakable Points by selecting the “Banking” convenience. This will provide users with prompt and convenient access to the necessary banking services in the face of unpredictable wartime circumstances. Also, if necessary, the map can be downloaded to your gadget for offline use.

We remind you that POWER BANKING is a unified network of Ukrainian bank branches created at the initiative of the NBU that is capable of providing banking services in a crisis situation, in particular during a prolonged blackout. This unique project has united almost all banks in the country and currently includes about 2,400 bank branches across Ukraine, which are equipped with alternative energy sources and backup communication channels, enhanced cash collection, and additional staff. This is almost 55% of the total number of bank branches (excluding non-operational branches and those located in the occupied territories and territories where military operations are ongoing/possible).

For reference.

A map of POWER BANKING network branches is also available on the NBU website.
If citizens have any questions about the operation of the POWER BANKING network, they can contact the NBU by phone at 0-800-505-240 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. using a special form.
Branches of the joint banking network can be recognized by a special marking - POWER BANKING - at the entrance. This sign indicates that the branch is specially equipped and will operate in the event of a prolonged power outage.

The Ministry of Social Policy has begun the process of completing banking regulations, as well as Ukrposhta, before testing the “Electronic account of the bank and Ukrposhta” on the Social Web Portal of electronic services of the Ministry of Social Policy.

The project is being implemented in collaboration with the Ministry of Social Policy and the DP “Information and Computing Center” for the employees of major banks that deal with payments of government social assistance. And it is technically possible to use the functionality of the “Electronic Bank Account”. The implementation of the project is aimed at accelerating the automation of social assistance payment processes for citizens who require them, which is one of the key directions of the work of the Ministry of Social Policy.
For current social assistance payments, social workers are involved in transferring payment data to banking institutions (for example, on USB sticks). This will require significant time for all banks to verify information from the relevant registers, which will enhance the process. Due to the increasing automation of wines, they are still ineffective.

How the project “Electronic account for the bank” will allow people access to payments
With the new functionality of Cabinet Bank, the process of paying social benefits has become much simpler, and the exchange of payment records can be done online. It would be better to automate and speed up the processing and verification of data of people who require payment, and also to work out the process of payment of state social benefits to help those who are more effective.

The bank’s electronic account is already available for testing on the Social web portal of electronic services of the Ministry of Social Policy (https://elcab.ioc.gov.ua/welcome) for banks.

What possibilities does the Electronic Account provide to the bank for social security authorities (OSZN)

• the possibility of transferring electronic payment records from social welfare authorities to banks;
• Formation and transfer of payment statements from the obligatory authorities to the local qualified electronic signature (KEP).

To start working in the Electronic Account of the bank, you need to: verify the validity of the established contract for the provision of services in the field of information with the DP IOC;

• Submit additional signature certificates and encryption that will be encrypted to software for access - to the email address:  This email address is being protected from spambots. You need JavaScript enabled to view it..u

How to get to the bank’s Electronic Account: Follow the instructions and select the role of “Bank Specialist”, using your local KEP for access.
For supplementary meals, please contact the Unified Information System of the Social Sphere: Alina Kirilychenko Viktorivny tel. (044) 494-19-37 Email -  This email address is being protected from spambots. You need JavaScript enabled to view it.

Last week, Ukrainians received 177 loans under the eOselya affordable loan program for UAH 303 million. In total, since the beginning of 2024, Ukrainians have received 6,973 loans for the purchase of housing worth UAH 11.9 billion.

Last week, loans at 3% interest rate were received:

• 81 military personnel and law enforcement officers;
• 12 teachers;
• 18 doctors;
• 4 scientists;

They received loans at 7%:

• 50 Ukrainians without their own housing;
• 4 IDPS;
• 8 veterans.

Most loans were issued in Kyiv region (55), Kyiv city (42), Lviv region (10), Ivano-Frankivsk and Odesa regions (8).

According to Andriy Teliupa, Deputy Minister of Economy of Ukraine, 13,298 families have received loans worth over UAH 21.3 billion since the start of the eHouse program. Since the beginning of the year, one-third of the loans have been issued for the purchase of housing on the secondary market - 4,924, and 1,564 real estate objects have been purchased from the developer, 485 of which are under construction.

Mr. Teliupa also noted that the eOselya program is constantly evolving - the government has recently amended the requirements for housing that can be purchased under the affordable mortgage program. The program is now focused on the primary market to stimulate the development of the construction industry.

Andriy Teliupa
Deputy Minister of Economy

 

“The government is updating the terms of the program to ensure that all Ukrainians who do not have their own housing or want to improve their living conditions can get an affordable loan on favorable terms. And the active development of the construction industry will help strengthen our economy,” he said in a statement.

884 thousand Ukrainians, or 95% of consumers who have marked their cards for cashback payments in Diia, see the accrued cashback. These are the results of four weeks of beta testing of the program.

Yulia Svyrydenko
Minister of Economy of Ukraine

 

“During the testing period of the National Cashback program, Ukrainians have already received UAH 42 million in cashback for purchases of Ukrainian goods. More than 1.6 million Ukrainians have joined the program and issued 1.8 million cards. However, only 926 thousand users have activated cards for payments in Diia. Therefore, for those who have not yet done so, there are a few simple steps: in the Diia app, in the Services section, select National Cashback and select a card for payments opened in one of the partner banks,” said Yulia Svyrydenko, First Vice Prime Minister of Ukraine, Minister of Economy of Ukraine.

Another outcome of the fourth week of cashback beta testing was the progress in transmitting transaction information by banks. Thanks to this, most consumers can already see the cashback accrued to them at the end of the next day after the previous one. For example, Diia users saw cashback for purchases made on September 29 in the evening of September 30. While the process of transmitting and processing transactions is not yet fully stable, adjustments are ongoing.
At the beginning of a new month, all users see the amount of cashback accrued in Diia for October. Ukrainians will receive cashback for September on their National Cashback card by October 20. Do not forget to mark the card for payments in Diia. Meanwhile, in a few days, you will be able to see cashback for the previous month in Diia. As of the beginning of this week, a number of retail chains have already labeled goods on the shelves and placed signs in stores about joining the National Cashback program. These are Epicenter K, Nova Liniya, Aurora, Tavria V, Kopilka, WOG, Budynok Igrashok, Apteka Z, Comfy, Simi, Thrash!
Over the past week, new retail chains have joined the project - Nash Krai, SPAR, Kolo. We would like to draw the attention of retail chains and individual stores that are just joining the program to the importance of marking cashback products on the shelves. A package of marketing materials for price tags, store entrance signs, etc. can be downloaded here.
The state's “national cashback” is already available for 235 thousand Ukrainian goods from 1234 local manufacturers.

As a reminder, to receive cashback from the state, you need to:

1. Apply through the website or mobile application of a bank participating in the program or contact a branch.
   The following banks have joined the program: PrivatBank, Monobank, Ukrgasbank, Sense Bank, FUIB, Abank, Globus Bank, UKRSIBBANK BNP Paribas Group, Oschadbank, Accordbank and Credit Dnipro Bank.
2. Identify the cards from which you pay for purchases and give the bank permission to transfer information about transactions from these cards in participating stores.
3. Open a physical or virtual card to which cashback will be credited.
4. In the Actions section of Services, select the National Cashback card for payments.

Cashback in the amount of 10% of the cost is accrued for the purchase of goods from Ukrainian producers included in the program. Exceptions are excisable products (fuel, tobacco, and spirits). Cashback also applies to medicines made in Ukraine, wine without alcohol and honey drinks.
The maximum amount of payments is UAH 3 thousand per month. The funds accumulated during the month will be transferred to the created card once a month until the 20th of the following month.
The funds received for participating in the National Cashback program can be spent on services such as utilities, transportation, medical treatment, mobile communications, sports, movies, etc. It will also be possible to donate to the Armed Forces or buy military bonds.
It will be impossible to withdraw cash from the account where cashback funds are credited. Cashback funds accrued in 2024 can be used until January 31, 2025.
For reference:
The National Cashback program is coordinated by the Ministry of Economy of Ukraine. The project is implemented by the Ministry of Digital Transformation of Ukraine, the State Tax Service, Oschadbank and authorized banks of Ukraine, and the Government Contact Center. The international payment system Mastercard is a technological partner in the program. The operational partner of the project is Visa, an international payment technology company.