Ministry of Finance signed agreements with Rothschild & Co on providing advisory services for the sale of Ukrgasbank and Sense Bank

The Ministry of Finance of Ukraine, JSB "Ukrgasbank", JSC "Sense Bank", and N. M. Rothschild & Sons Limited, which is part of the Rothschild & Co group, have signed tripartite agreements on providing financial advisory services in preparation for the sale of the state-owned stakes in the two banks.

Rothschild & Co was selected following a competitive selection process. The group has years of experience advising governments and state-owned companies, participating in privatisation projects, and supporting international mergers and acquisitions. Rothschild & Co will provide services in a consortium with FinPoint, a Ukrainian investment banking company.

According to the agreements, the advisor will provide comprehensive financial consultations, in particular:

coordinate the analysis of the banks' activities (due diligence), including determining the starting sale price;

prepare information about the banks for potential investors;

present the banks in the international market and attract investors;

assist in organising the competition for the sale of the stakes.

The engagement of a financial advisor is one of the key stages of preparation for privatisation, provided for by the Law of Ukraine "On the Specifics of the Sale of State-Owned Stakes in the Authorised Capital of Banks".

"The engagement of an international financial advisor is an important step in implementing the strategy to reduce the state's share in the banking sector. Our task is to ensure a transparent, competitive process for the sale of the state-owned stakes of Ukrgasbank and Sense Bank, attract strategic investors, and create conditions for the further development of these institutions," said Minister of Finance of Ukraine Sergii Marchenko.

The signing of agreements with the financial advisor is a step in preparation for privatisation and does not mean a change in the ownership of the banks. Ukrgasbank and Sense Bank are operating normally, fulfilling their obligations to clients, in particular regarding deposits, and ensuring the continuity of banking services. The banks will announce the next steps in the preparation for privatisation on their official websites.

Background 

N. M. Rothschild & Sons Limited is a company of the Rothschild & Co group, registered in England and Wales, headquartered in London. It specialises in financial consulting, corporate finance, and supporting mergers and acquisitions (M&A) deals.

As a reminder, on October 1, 2025, the Government adopted a resolution on preparing for the sale of the state-owned stakes of Sense Bank and Ukrgasbank; on October 29, 2025, the Procedure for engaging an advisor for the sale of stakes in public sector banks was approved; on March 31, 2026, the Ministry of Finance announced a competition to select an advisor for the sale of the stakes in the two banks. Also, the Government established a commission to sell state-owned stakes in banks.