Financial sector news

The results of the November Survey on Systemic Risks in the Financial Sector for 2025 show that the industry remains stable overall despite major challenges. At the same time, some financial institution executives warn of a possible deterioration in the situation in the next six months.

• Current state of the sector: participants' assessments have deteriorated somewhat and returned to 2024 levels. However, most respondents did not see any significant changes in the sector's performance over the past six months and do not expect any noticeable shifts in the near future.
  
  
• Resilience to shocks: risks remain at a moderately high level. Most managers assess the resilience of the financial system as medium or high. For the first time since 2022, some participants pointed to the sector's very low ability to withstand serious adverse events.
  
  
• Main sources of risk: The war with Russia remains the main factor posing a systemic threat. Corruption risk ranks second, followed by threats related to the activities of law enforcement and judicial authorities.

Reference:

Twice a year, top managers of Ukraine's largest banks and non-bank financial institutions answer questions about risks threatening the financial sector. Central banks use such surveys to track market participants' perceptions of such risks and respond to them in a timely manner. This report presents respondents' assessments of the state of Ukraine's financial sector over the past six months and their expectations for the next six months. The survey was conducted from November 6 to 21, 2025. It involved executives from 22 banks, 10 insurance companies, and two investment companies. The final results were not weighted by the size of the bank/company or their market share—all responses are equally weighted. The results are based on respondents' answers and may not coincide with the assessment of the National Bank of Ukraine. The next report will be published in May 2026.