National Bank Of Ukraine

What National Bank Of Ukraine does

National Bank of Ukraine (NBU; Національний банк України) is Ukraine's central bank, established in March 1991 by the Law of Ukraine "On Banks and Banking Activity" and accountable to the President and the Verkhovna Rada (Parliament). Its mandate is macroeconomic and financial-system stability rather than profit: it implements monetary policy (currently a 15% key policy rate, with consumer inflation at 8.2% in May 2026 against a 5% target), supervises banks and non-bank financial institutions, manages international reserves (US$45.7 billion as of May 2026), operates the System of Electronic Payments (SEP), the PROSTIR national card payment system, instant payments, the e-Hryvnia digital currency initiative, Open Banking infrastructure, BankID NBU identity, and the Credit Registry. NBU also publishes macroeconomic statistics, open data, financial-stability and inflation reports, and consumer-protection campaigns, including under conditions of active conflict (Russia's full-scale invasion since February 2022).

The institution's technology footprint centers on national payment-and-supervision rails and EU-aligned standards: ISO 20022 implementation, DORA-aligned cybersecurity requirements for non-bank institutions (Resolution No. 143, effective December 2025), an Open Banking framework, an e-Hryvnia digital-currency initiative, SupTech and RegTech platforms, a Regulatory Sandbox, and updated corporate-governance methodology incorporating ESG principles (February 2026). NBU does not pursue commercial revenue; its "business model" is regulatory and policy-driven, funded indirectly through monetary-policy operations, reserve management, and licensing/supervisory authority. Customer segments comprise Ukrainian commercial banks (currently ~60 after consolidation from 180), non-bank financial institutions, government and public-sector entities, the defense sector (with coordinated lending above Hr 60 billion / ~US$1.3 billion via 23 banks), and Ukrainian citizens served via consumer-protection and financial-inclusion programs.

NBU operates within a dense network of external financial partnerships — a new IMF Extended Fund Facility (approximately US$8.1 billion, staff-level agreement June 2026), record EBRD deployment (€2.9 billion in 2025, targeting €3.3 billion in 2026), EU accession talks and a potential €130 billion reparations-loan structure, the United States–Ukraine Reconstruction Investment Fund, and World Bank technical assistance (reconstruction need estimated at US$524 billion). It is governed by a nine-member Council (four appointed by Parliament, four by the President, plus the Governor) led by Governor Andriy Pyshnyi, with First Deputy Governor Serhiy Nikolaychuk and a Board of Deputy Governors covering Financial Stability, Market Operations, Monetary Policy, Financial-Administrative and Operations, Prudential Supervision, and Payment Systems and Cash Circulation. State-bank footprint reduction (privatization of Sense Bank and Ukrgazbank by end-2026) and creation of a new Financial Inclusion Bank category illustrate active mandate expansion during wartime.

Name

National Bank Of Ukraine

Legal name

Національний банк України (National Bank of Ukraine)

Website

https://bank.gov.ua

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

National Bank of Ukraine is Ukraine's central bank, conducting monetary policy, supervising banks and non-bank financial institutions, managing US$45.7 billion in international reserves, and operating national payment infrastructure including SEP, PROSTIR, e-Hryvnia, and BankID.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (52111)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

International Monetary & Financial Stability Institutions (BPADACAE)

akta.pro secondary industries

Policy Banks (Government-Directed Lending Banks) (FSABAKAM), State/Provincial Treasury, Budget & Fiscal Management (BPAIABAC)

Keywords

• Monetary policy
• Banking supervision
• National payment systems
• Currency issuance
• Financial stability oversight

Headquarters

HQ city

Vinnytsya

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Monetary Policy Operations: NBU implements monetary policy to ensure price stability, operates as the government's bank, manages foreign exchange reserves, and provides financial services to the banking system. The bank is not profit-driven but operates to fulfill its mandate of macroeconomic stability.
2. Banking Supervision Fees: Regulatory and supervisory functions over banks and non-bank financial institutions

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The National Bank of Ukraine is the central bank of Ukraine, responsible for formulating and implementing monetary policy, issuing the national currency (hryvnia), regulating and supervising banks and non-bank financial institutions, maintaining financial stability, and operating national payment systems infrastructure. It manages international reserves, provides treasury services to the government, and operates payment infrastructure including SEP, PROSTIR, e-Hryvnia, and BankID NBU systems.

Product overview

National Bank of Ukraine operates as the central bank of Ukraine, providing monetary policy tools, banking supervision, national payment infrastructure, and currency management. Key product offerings include the electronic payment system (SEP), national payment system PROSTIR, e-Hryvnia digital currency initiative, Open Banking framework, instant payment capabilities, BankID identity verification, Credit Registry, and a numismatic products online store. The NBU also provides supervisory technology (SupTech) and regulatory technology (RegTech) platforms, maintains a regulatory sandbox for innovation testing, and publishes open data and monetary policy information through dedicated portals.

Differentiator

Problem solved

Functional benefit

Brands

• e-Hryvnia: Digital currency project of the National Bank of Ukraine for digital payments
• Prostir (ПРОСТІР)
• BankID NBU
• Power Banking

Products and services

• System of Electronic Payments (SEP) National electronic payment system enabling interbank fund transfers and settlements within Ukraine's banking system.
• PROSTIR (НПС ПРОСТІР) Ukrainian national payment system providing domestic card payment infrastructure and services for financial institutions and consumers.
• E-Hryvnia (Е-гривня) Digital currency initiative by NBU representing the digital form of Ukraine's national currency, exploring blockchain and distributed ledger technology applications for monetary transactions.
• Open Banking (Відкритий банкінг) Framework enabling secure data sharing between banks and authorized third-party providers through standardized APIs, promoting competition and innovation in financial services.
• Instant Payments (Миттєві платежі) Real-time payment service allowing immediate fund transfers between accounts at any time of day.
• BankID NBU National identification system enabling secure remote authentication of individuals for accessing financial services.
• Credit Registry (Кредитний реєстр) Online system providing access to information about credit operations of individuals, supporting credit risk assessment and financial market stability.
• Numismatic Products Store Online store for collector and commemorative coins issued by the National Bank of Ukraine, including bullion and souvenir products.

Quantifiable outcome

• Consumer inflation reduced to 8.2% (May 2026) from higher wartime levels
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered minor, core and major.

• Toronto CentreminorStrategic or Co-development Partner · 16 April 2026NBU and Toronto Centre signed a Memorandum of Understanding on capacity building and cooperation, supporting training and knowledge exchange for central banking excellence.
• National Bank of Ukraine CouncilcoreOthersThe Council consists of 9 members: 4 appointed by Verkhovna Rada (Ukrainian Parliament), 4 by the President of Ukraine, and the NBU Governor as ex-officio member. Sets monetary policy guidelines and oversees NBU governance.
• Financial Stability CouncilcoreOthersCoordination body including NBU, National Securities and Stock Market Commission, Ministry of Finance, Ministry of Economy, and Deposit Guarantee Fund. Oversees implementation of Financial Sector Development Strategy.
• EU Twinning ProjectmajorStrategic or Co-development PartnerEU Twinning project supporting NBU's institutional development and alignment with EU standards. Part of broader EU support for Ukraine's European integration in financial services regulation.
• Global Foreign Exchange CommitteeminorStrategic or Co-development PartnerNBU joined the Global Foreign Exchange Code, aligning Ukrainian FX market practices with international standards for ethical conduct and transparency.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• European Central Bank (ECB): ECB is the supranational central bank for the euro area and the regulatory benchmark NBU is actively aligning toward via EU accession. Comparable as the policy standard-setter for EU-aligned supervisory, payments, and monetary frameworks that NBU is adopting.

Peers

• Bank of England:

Regional players

• National Bank of Georgia: Georgia's central bank is a regional peer operating monetary policy and banking supervision in a smaller Eastern European/Caucasus economy with EU aspirational alignment. Comparable to NBU on emerging-market central banking practice and EU regulatory convergence.
• Reserve Bank of India: India's central bank manages monetary policy and supervision of a large, complex emerging market with significant digital payments innovation (UPI). Comparable to NBU on digital public infrastructure for payments, identity, and large-scale financial inclusion agendas.
• National Bank of Moldova: Moldova's central bank manages monetary policy and banking supervision in a small Eastern European economy on an EU accession path. Comparable to NBU on regional dynamics, EU regulatory alignment efforts, and post-Soviet central banking evolution.
• Bank of Canada: Canada's central bank operates inflation targeting and financial system oversight in a developed market. Comparable to NBU on monetary policy communication standards, financial stability reporting, and modern central-bank operating practices.
• Central Bank of Brazil: Brazil's central bank operates inflation targeting and financial supervision in a large emerging market economy. Comparable to NBU on emerging-market monetary policy frameworks, FX market management, and supervisory modernization.

Direct peers

• National Bank of Poland: Poland's central bank operates monetary policy and banking supervision in an Eastern European EU-member economy. Most comparable to NBU given regional proximity, similar economic transition history, and the EU integration trajectory NBU is now pursuing.
• National Bank of Hungary (Magyar Nemzeti Bank): Hungary's central bank manages monetary policy and financial stability in an Eastern European emerging market. Comparable to NBU in regional context, inflation-targeting framework, and FX management challenges, though without wartime conditions.
• Bank of Israel: Israel's central bank operates monetary policy in a country with active security conflict. Comparable to NBU's wartime operating environment, including FX intervention, defense-related financing considerations, and policy credibility under geopolitical stress.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCj15MxPmRxZejXQK35y9bFw

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about National Bank Of Ukraine