Automatically translated version. May contain inaccuracies compared to the original.
First Deputy Governor of the National Bank Serhiy Mykolaychuk was entered into the Unified State Register of Persons Who Committed Corruption or Corruption-Related Offenses after the case was heard in the Vinnytsia City Court. The entry in the register is dated 19 February 2026, and the basis cited is an administrative offense related to the late submission of a declaration, media report.
Case No. 127/1222/26 was heard by the Vinnytsia City Court. At the same time, the official’s inclusion in the register did not lead to his dismissal from the National Bank. Serhiy Mykolaychuk continues to serve as the first deputy governor of the NBU and is part of the regulator’s leadership. Mykolaychuk was appointed to the position of first deputy governor of the NBU in August 2025. He replaced Kateryna Rozhkova in this role. In the central bank’s leadership, Mykolaychuk is responsible, in particular, for financial stability, monetary policy, and international cooperation. According to his declaration, in 2025 Serhiy Mykolaychuk declared about 7,5 million UAH in income. A year earlier, his declared income exceeded 8,5 million UAH. Before returning to a senior position at the NBU he worked at the ICU investment group. The entry in the register draws attention given Mykolaychuk’s status in the banking regulation system. The NBU sets the rules for the banking sector, supervises financial institutions, and makes decisions about monetary policy tools that directly affect the distribution of liquidity in the banking system. One such instrument is NBU deposit certificates. In 2022–2025 banks placed large volumes of excess liquidity in them, earning income from the regulator. According to Growford Institute’s calculations, during that period the NBU paid banks almost 292 billion UAH in interest income on deposit certificates, and in 2025 alone such payments amounted to about 82 billion UAH. Critics of this policy say that banks could obtain significant funds without credit risk by placing liquidity in NBU instruments. Supporters of the policy, for their part, point to the role of deposit certificates in liquidity control and in restraining inflationary pressure. Separate questions about banking supervision also arose in connection with the activities of Bank Alliance. Public investigations into that financial institution mentioned operations with government bonds, bank guarantees, and dealings with risky clients. The NBU itself repeatedly applied measures to banks within its powers, but questions about the effectiveness of banking oversight remain the subject of public debate. Thus, Serhiy Mykolaychuk continues to hold one of the National Bank’s key positions after the appearance of the entry in the register of persons who committed corruption or corruption-related offenses. Further assessment of the situation will depend on decisions by the NBU and competent authorities regarding the consequences of the administrative proceeding for the official.
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Document: PDF proof of the original version of the news item "Сергій Миколайчук із НБУ потрапив до реєстру корупціонерів". It records the publication content at the moment of the first scan, the preservation date and the source: Fraza.