SupTech Implementation for National Bank of Ukraine (NBU) (WB-P513816)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 31, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ukraine - Ministry of Finance; National Bank of Ukraine
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 14, 2026

Disclosed by Bank Jan 8, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Project development objective (PDO) is to support the operationalization of Supervisory Technology (SupTech) solutions for the National Bank of Ukraine to help improve financial sector supervision.

This recipient executed operation will strengthen the National Bank of Ukraine's (NBU) supervisory capacity by implementing Integrated Supervisory Platform (ISP) based on supervisory technology (SupTech) tools (USD 1.5 million). SupTech solutions will enable the NBU to transition to risk-based supervision, enhance risk identification, and improve data-driven decision-making. The project will automate routine supervisory tasks, improve data quality, and provide advanced analytics for real-time risk monitoring. These enhancements will support the NBU's alignment with EU financial sector standards, increase transparency and accountability, and foster greater integration with European markets. The World Bank has supported the NBU in identifying and designing SupTech solutions, including facilitating knowledge exchange with leading European central banks. The project will finance procurement and implementation of new SupTech applications, with operational expenditures covered by the NBU.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The project’s environmental risk is low, as activities are limited to software procurement, technical assistance, and staff training, with no civil work. The project will not support activities involving civil work, land use change, or natural resource extraction are expected. Hardware needs for SupTech are not yet determined; if required, risks related to packaging and electronic waste will be managed through a preparation and implementation of WMP.

Social risk is moderate, mainly due to potential impacts on NBU staff from work optimization and integration of SupTech, which may require reskilling and could lead to job changes or redundancies.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 1.50 million
Finance for Development Multi-Donor Trust Fund (grant): US$ 1.50 million

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The National Bank of Ukraine (NBU) is the central bank of Ukraine. It regulates and supervises activities, functions and the legal status of public and commercial banks based on the principles of the Constitution of Ukraine and the law of Ukraine.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank:
Yevhen Hrebeniuk- Senior Financial Sector Specialist
Matei Dohotaru

Borrower/Recipient:
Ministry of Finance of Ukraine

Implementing Agency:
National Bank of Ukraine

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works