Sense Bank

Directly following the invasion millions of hryvnias of the bank's budget were allocated to the needs of the Armed Forces of Ukraine and territorial defense units.

[12] On February 20, 2016, when hundreds had gathered on Maidan Nezalezhnosti to commemorate the second anniversary of the Revolution of Dignity, Ukraine nationalist protesters threw rocks and smashed windows of a Alfa-Bank bank in central Kyiv.

The bank does not want to bear any relation to the aggressor country, even at the level of associations or connections that link to the brand operating in Russia.”[25] On April 21, 2022, the National Bank of Ukraine approved the appointment of a trustee for one year or until a change in ownership by either sale or transfer of shares to the state property fund, which was made possible with a law on nationalization adopted on May 29, 2023.

It means that 74 critical branches of Sense Bank will operate even during long-term blackouts caused by (since 10 October 2022) Russian strikes against Ukrainian infrastructure.

[10][11] Furthermore its employees and individual clients jointly raised more million in charitable donations for the Armed Forces and territorial defense units.

[29] The chief economist of Sense Bank Oleksiy Blinov has written widely on the economic impact of the 2022 Russian invasion of Ukraine.

[37] This offer ultimately remained unfulfilled, after the European Commission and the Bank of England declined to give legally-binding opinions.

[38] The law stipulates that it is possible to withdraw a systemically important bank from the market in the absence of signs of insolvency - in case of applying blocking sanctions to the owner of a significant participation in it.

[39] In this law is legislation allowing the government to declare insolvent and, if needed, nationalize lenders from owners that came under sanctions due to Russia’s invasion.

[40] The following day the bank's holding company ABH Ukraine Limitedthreatened to bring the case to international courts if the nationalization went through.

[41] In June 2023 ABH Ukraine Limited asked the Council for State Security to allow the sale of its shares to a licensed European investor.

[42] The proposed sale, which requires multiple institutional approvals, is for the symbolic price of one euro and precludes payments to sanctioned shareholders.

[45] In July 2023 a Bloomberg article stated: "The International Monetary Fund, in a comment following the first review of its lending program to Ukraine, said that the country should avoid “excessive interference” in the banking sector, “including the prospect of nationalization for reasons unconnected to financial stability” due to possible risks.

"[36] On July 21, 2023 the Shmyhal Government (the Cabinet of ministers of Ukraine) bought the full share of Sense Bank from the Fund for Guarantee of Individuals' Deposits for 1 hryvnia.

The new board members included Olena Zubchenko, Oleksiy Shklyaruk, Inna Tyutyun, and Andriy Sokolov.

In 7 years, the bank's initiative allowed for establishing an international music festival that has become an independent cultural event in Ukraine has been held under the name “Leopolis Jazz Fest”.

Moreover, the bank has supplied military accoutrements, food, generators, tactical gear, medicines, one armored vehicle, thermal imaging cameras, etc.

Bank employees and individual clients jointly raised over ₴115 million in charitable donations for Armed Forces and territorial defense units through Sense SupperApp mobile app.

Alfa-Bank in Odesa (2012)
Alfa-Bank in Lviv (2013)
Sense Bank in Kyiv (2023)