[5] The State Bank of Ukraine [uk] (Український державний банк) was a predecessor of the NBU, founded on 22 December 1917 under a law passed by the Central Rada of the Ukrainian People's Republic on the basis of the Kyiv branch of the State Bank of the Russian Empire.

The Ukrainian branch of the Soviet Gosbank took on central banking functions in Ukraine in early 1991.

Like institutions of many newly independent nations, it faced dire financial straits during the 1990s, leading to a prolonged period of hyperinflation.

[9] On 5 March 2022, the NBU reported having raised "more than UAH 10 billion" (roughly USD $350 million) for military and humanitarian aid.

Its authorized capital amounts to UAH 100 million and is the state-owned property which is in the full economic competence of the National Bank.

[12] According to Article 99 of the Constitution of Ukraine, adopted in 1996, the main function of the country's central bank is to ensure stability of monetary unit – the Hryvnia (Ukrainian's national currency).

The council consists of 15 members including the Governor of the National Bank ex officio.

Until 2022, Oshadnybank was excluded from this fund because the Ukrainian state guaranteed its deposits directly.