Ukrposhta prepares to meet National Bank’s new capital requirements without reliance on government funds
The state-owned enterprise Ukrposhta has announced plans to bring its capital in line with the new regulations set by the National Bank of Ukraine (NBU) by January 1, 2026, without drawing additional funds from the government budget.
This initiative signifies the company’s intention to fulfill all necessary financial standards through internal resources and efficient management of its finances.
According to CEO Ihor Smilyansky, as of June 1, the company’s capital exceeded 4 billion hryvnias; however, after applying NBU’s new calculation methodology, this figure turned negative, at minus 600 million hryvnias.
This situation prompted swift measures to rectify the financial gap.
The management assured that internal reserves and streamlining financial flows would address the issue.
Meanwhile, the CEO expressed dissatisfaction with delays from the NBU regarding the approval of a joint development plan, especially in the context of establishing Ukrposhta’s own bank.
Smilyansky noted that a mutual plan of action was submitted, but the final approval meeting has been repeatedly postponed—three times so far—by the regulatory authority.
He emphasized that these delays hinder the company’s strategic objectives, including the launch of its bank division.
The report also covered issues related to pension payments via Ukrposhta, explaining that to transfer pension payouts to a bank account, individuals must personally contact their bank and open an account or submit an online application to change payout details.