Automatically translated version. May contain inaccuracies compared to the original.
Before his appointment as governor of the National Bank of Ukraine (NBU) in October 2022, Andrii Pyshnyi’s biography included six high-profile episodes that still have not received public explanations. This was stated in his blog by former NBU Council chair Bohdan Danylyshyn, who served in 2016–2023.
“All six episodes are united by one question: why did numerous scandals, questionable management decisions and possible conflicts of interest not become an obstacle to Andrii Pyshnyi’s career?” Danylyshyn writes.
The first episode concerns education. On 21 May 2026, two decisions of the Zarychny District Court of Sumy dated 2007 appeared in the Unified State Register of Court Decisions concerning falsification by employees of the Sumy branch of the University of Modern Knowledge of documents about the education of three individuals. Economist Borys Kushniruk claims that one of them was Pyshnyi and that those documents allowed him to enroll directly into the fourth year of the Ukrainian Academy of Banking. In the anonymized rulings Pyshnyi’s surname is not specified. Danylyshyn also cites a decision of the Shevchenkivskyi District Court of Kyiv that obliged the State Bureau of Investigation to respond to a complaint about possible falsification of Pyshnyi’s educational documents.
The second episode concerns the agro-group “Kreatyv,” a major borrower of Oschadbank. In 2016 the NABU opened proceedings into possible embezzlement of $20 million from the bank; in 2019 the group’s founder, former MP Stanislav Berezkin, was charged. Pyshnyi was not charged. At its peak, Kreatyv’s annual revenue exceeded $1 billion, and the company employed 3200 people. According to Danylyshyn, under Pyshnyi’s leadership Oschadbank refused to restructure Kreatyv’s debt and filed 23 lawsuits, after which some of the company’s assets passed to competitors. “All this very much resembled a raider scheme,” he noted.
The third episode is lending to the Kyiv complex “Hulyver.” The initial loan from Oschadbank and Ukreximbank in 2006 amounted to $61,6 million, and after a series of restructurings the debt of TOV “Try O,” whose ultimate owner is believed to be businessman Viktor Polishchuk, rose to $675 million by 2020. The restructurings in 2019–2020 took place during Pyshnyi’s tenure, extending repayment terms to 2044. Only in July 2025 did the state banks register ownership rights over the complex.
The fourth episode is a house of 891,7 sq. m near Kyiv registered in Pyshnyi’s daughter’s name. In 2024 OBOZ.UA reported that it is located next to the plot of Serhii Sliusarenko, co-owner of the debt-collection company Ukrborg, which is under NBU supervision. The regulator said it sees no conflict of interest and recalled the fine imposed on Ukrborg. Danylyshyn also draws attention to ties with the law firm Asters, which worked with Oschadbank. At the same time he acknowledges that the existence of expensive real estate by itself is not evidence of wrongdoing.
The fifth episode is the Oschadbank leadership’s trip to the UEFA Europa League final in Warsaw in 2015. Pyshnyi, with his wife, deputies and supervisory board members, flew on a charter costing 459 thousand UAH. Media wrote about third-party companies being involved in payment. The Prosecutor General’s Office opened an inquiry, while the bank stated the flight was paid for with personal funds.
The sixth episode is the attempt in 2019 to extend Pyshnyi’s powers as Oschadbank CEO for another five years without a competition. This was blocked by the NBU, which did not approve five of the nine new supervisory board members. Danylyshyn links this to the position of then NBU governor Yakiv Smolii. In 2020 Pyshnyi declined to participate in a repeat competition.
Danylyshyn also recalls media reports about Pyshnyi’s close ties with former Head of the President’s Office Andrii Yermak.
Recall that on 21 October the NABU and SAP conducted searches at the NBU and at the residence of one of its employees. According to media, the investigative actions concerned Pyshnyi’s office and residence. No one was detained and no charges were filed. Pyshnyi stated that the searches “do not concern the activities of the National Bank of Ukraine (NBU) and the official duties of the NBU governor.” The National Bank denied reports of its governor’s resignation.
People’s Deputy Yaroslav Zhelezniak (Holos) reported that the Verkhovna Rada could consider a resolution to dismiss Pyshnyi on 12 November. As of 3 November, no draft resolution is on the parliament’s website. According to Zhelezniak, in a meeting with President Volodymyr Zelenskyi Pyshnyi refused to resign. Under the Constitution, the governor of the NBU is dismissed by the Rada at the president’s submission.
In August, the chairman of the Rada’s financial committee Danylo Hetmantsev (Servant of the People) demanded Pyshnyi’s resignation after the NABU exposed a money-laundering scheme through the state-owned Sense Bank. According to the investigation, a payment of 150 million UAH went through the bank, which was used as collateral for former Energy and Justice Minister Herman Halushchenko.
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