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NBU Plans to Expand Distribution Channels for Sale of Own Numismatic Products

24 April 2019


Reforming the procurement process at the National Bank of Ukraine (NBU) helped the state save over UAH 100 million in the last two years. That economic effect is attributed to the ProZorro public procurement system applied to handle all NBU procurements.


Roman Borysenko, the NBU Deputy Governor, reported this to the attendees of the international round table titled Public Procurement in the Central Bank: Current Trends and Challenges hosted by the NBU.


“Ukraine is a relatively young independent state and corruption in the area of public procurement was a typical occurrence for many years. After the Revolution of Dignity, our country began to change. The rampant corruption in public procurement was the problem the state and the society wished to solve. That is how the ProZorro online public procurement platform came to be,” he explained. “The NBU was one of the advocates of introducing this system, which is mandatory for every public agency today. This was a huge breakthrough for Ukraine, since public procurement became open, clear, and transparent.”


Roman Borysenko also added that an economic effect from the regulator’s procurements in 2017–2018 was about 11% of the expected value. That was exactly the decrease in the total expected expenses on procurements of the NBU due to transparent and clear competition between bidders.


In addition, the number of bidders started to increase.


“We will keep up the good work. The NBU is improving its internal effectiveness by centralizing processes and introducing the SAP software suite for automation of the same,” noted Roman Borysenko.


Tetiana Karpynos, the Director of the Procurement and Sales Department, reported on the organizational specifics of the procurement process at the NBU. She argued that NBU procurements have substantially changed to cover a complete cycle of the procurement process from planning to administrating (so-called conventional P2P process).


At the round table, representatives of the NBU’s Procurement and Sales Department (Svitlana Hidra, Ilona Poliakova, Nataliia Krasnova, Oleh Olifer, and Mykola Stakhno) elaborated on specifics of planning the regulator’s procurements, the procurement process and its main stages, the system of key performance indicators, automation of procurement, contractual works, and administrating. They also stressed out new features for handling the NBU’s property sales.


Svitlana Avramenko, the representative of the Financial Controlling Department, spoke to the attendees about the role of financial controlling in the course of procurement planning.


In general, the round table initiated by the NBU built the foundation for regular exchange of expertise and best practices in the international procurers community made of foreign central banks.


The round table was attended by representatives of central banks of the United Kingdom, Sweden, the Netherlands, Poland, Georgia, Armenia, Croatia, Nepal, Morocco, and the Kyrgyz Republic, who noted that such events enable insightful cooperation between central banks, contribute to the efficiency and transparency of this process, and enrich experience of public procurements.



Last modification   24.04.2019