Sense Bank is being prepared for sale: where will the proceeds go?

The Ministry of Finance of Ukraine should intensify the process of selling the state-owned Sense Bank, and the funds received from the deal are planned to be directed to the needs of the Defense Forces.

This was announced by Prime Minister of Ukraine Serhiy Koretsky.

According to him, the government has set the Ministry of Finance the task of accelerating the process of selling the bank and ensuring its maximum transparency, competitiveness, and efficiency.

“The Ministry of Finance has a clear task to intensify the process of selling Sense Bank. It is necessary to ensure maximum transparency, competitiveness and efficiency of this process,” Koretsky said.

At the same time, the Ministry of Finance, together with the National Bank of Ukraine, must resolve the accumulated problems in the financial institution and ensure transparent and high-quality corporate governance.

The Prime Minister also announced that the funds that the state will receive from the sale of Sense Bank are planned to be used to finance the needs of the Defense Forces of Ukraine.

As previously reported, the Cabinet of Ministers has removed the chairman of the supervisory board of the state-owned Sense Bank . The government has also initiated the removal of the chairman of the bank’s board.

As a reminder, NABU reported on the conduct of investigative actions within the framework of the special operation “Forrest Gump”. At that time, the agency did not disclose the names of the suspects and other details of the investigation, promising to provide more information later.