Ukraine central bank chief urges investors to enter market despite war

National Bank of Ukraine Governor Andriy Pyshnyy urged international investors not to delay decisions on entering or expanding in Ukraine’s market, citing the country’s macrofinancial stability and the resilience of its financial system.

New Voice of Ukraine

२६ जून, 2026

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Ukraine central bank chief urges investors to enter market despite war

26 June, 11:45 AM

National Bank of Ukraine Governor Andriy Pyshnyy (Photo: Olena Vladyko / NBU)

National Bank of Ukraine Governor Andriy Pyshnyy urged

international investors not to delay decisions on entering or expanding in

Ukraine’s market, citing the country’s macrofinancial stability and the

resilience of its financial system.

He spoke during the Ukraine Recovery Conference 2026 in

Gdansk, Ukrinform

reported.

“Ukraine has been operating under uncertainty for 1,584

days, because that is how long the full-scale war has lasted. This means we

have gained absolutely invaluable experience. Many at the start of the invasion

predicted economic collapse for Ukraine, but today we have preserved

macrofinancial stability,” Pyshnyy said.

He said holdings of hryvnia-denominated domestic government

bonds by households and businesses have increased at least fourfold since the

start of the full-scale war, while individual holdings have risen 7.5 times.

Pyshnyy said Ukraine’s banking system is posting record

levels of liquidity, capitalization and profitability. Lending is growing by

about 30% year over year, while default rates and loan rejection rates remain

at their lowest levels in the past decade.

“The situation on the battlefield sends a clear signal:

Invest in Ukraine now. As governor of the National Bank, I can say there are no

barriers we are unwilling to discuss with major investors to ensure capital

flows into the defense industry, agriculture, finance and insurance sectors,”

Pyshnyy said.

He said Ukraine’s financial needs for the coming years are

covered by international support, including a new International Monetary Fund

program and the European Union’s Ukraine Support Loan instrument.

The National Bank is also working with partners to build

infrastructure for private capital. A bill to create a vertically integrated

capital markets holding company involving international financial institutions

is already before parliament.

Pyshnyy also announced that the government plans to

privatize two state-owned banks this year.

The conference comes amid strained Ukraine-Poland relations

over historical issues.

Earlier, it was reported that on May 27, 2026, the 10th

anniversary of the Special Operations Forces, Ukrainian President Volodymyr

Zelenskyy granted the Separate Special Operations Forces Center North the

honorary name “after the Heroes of the UPA.”

On June 19, 2026, Polish President Karol Nawrocki stripped

the Ukrainian president of Poland’s highest state honor — the Order of the

White Eagle, awarded in 2023. Nawrocki said naming one of Ukraine’s military

units after the Heroes of the UPA “goes far beyond Ukraine’s internal affairs.”

On June 23, it was reported that Ukrainian Prime Minister

Yulia Svyrydenko would lead Ukraine’s delegation at the Ukraine Recovery

Conference in Gdansk instead of Zelenskyy to avoid “unnecessary politicization”

of the event.

Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi

stressed that the events in Gdansk “do not require the mandatory personal

presence” of Sybiha, because Poland’s side is also placing “the emphasis not on

the foreign minister and the diplomatic track, but on the government, economic,

security-related, infrastructure, humanitarian, business and other aspects to

which the conference is devoted.”

Polish Prime Minister Donald Tusk, for his part, publicly

called Zelenskyy’s decision not to travel to Gdansk “a gesture of de-escalating

tensions” in relations between Kyiv and Warsaw.

In Gdansk, 20 countries, EU representatives and six

international organizations joined talks on Ukraine’s energy needs at a meeting

of the G7+ Ukraine Energy Coordination Group.

After the “energy Ramstein” meeting, at least 375 million

euros will be allocated to restore Ukraine’s energy system.

Ukraine central bank chief urges investors to enter market despite war

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