President Volodymyr Zelenskyy has signed the law "On the peculiarities of the sale of stakes owned by the state in the authorised capital of banks". This is evidenced by the data of draft law No. 11474 on the website of the Verkhovna Rada.
The Rada adopted the law as a whole on 19 September. Its adoption was a requirement of the World Bank.
The law expands the range of potential investors who will be allowed to buy state-owned banks during martial law.
The law also:
- allows the sale of any share of a state-owned bank, not just all 100% of the bank's shares;
- includes international donors in the selection of financial advisors for the sale;
- only one potential investor may participate in the auction.