The Strategy’s implementation is based on three strategic directions. The first two are external directions designed to meet the needs of the financial ecosystem participants. The institutional advancement and operational excellence direction is intended to facilitate the implementation of the NBU Mission and Vision through internal transformation.
Over the next four years, the NBU will focus its efforts on these strategic directions as detailed in the 12 strategic goals.
To maintain the macroeconomic stability the implementation of the following strategic initiatives is planned:
1. Increasing confidence in the monetary policy
2. Raising efficiency of the monetary tools
3. Improving quality of foreign exchange reserves management and taking into account the IMF requirements on investment benchmark
4. Harmonizing the regulatory requirements with the EU legislation and development of international cooperation
5. Improving systemic risk management.
To resume the lending the implementation of the following strategic initiatives is planned:
1. Promoting mortgage lending
2. Stimulating the development of the nonbank lending market
3. Developing sustainable finance
4. Assistance and development of exporters and priority economy sectors.
To stimulate the developemnt of financial services market the implementation of the following strategic initiatives is planned:
1. Improving the system of regulation of activities of the financial service providers
2. Raising efficiency of supervision system, including prevention of conflict of interest in performing the NBU powers
3. Implementation of full-fledged function on regulation of market conduct of financial sector participants
4. Raising the level of corporate governance and internal control in NFBIs
5. Raising the level of corporate governance and internal control in the banks of Ukraine
6. Improving the deposit guarantee schemes for financial service consumers
7. Building the efficient oversight system, including prevention of conflict of interest in performing the powers of the NBU and other regulators.
To develop the capital markets infrastructure the implementation of the following strategic initiatives is planned:
1. Raising efficiency of the infrastructure central elements operation
2. Providing conditions for attracting a wide range of national and foreign investors into use of capital markets tools.
To develop cashless economy the following strategic initiatives are planned:
1. Improving the quality and consistency of regulation and decisionmaking on cash circulation and payments
2. Development of payment infrastructure.
To promote financial inclusion the following strategic initiatives are planned:
1. Improving and developing remote identification and verification to receive financial services
2. Promoting financial awareness of the public
3. Improving mechanisms for protecting consumer rights in financial service.
The following strategic initiatives are to be accomplished for developing innovation in the financial sector:
1. Creating an innovative financial solutions platform (regulatory sandbox)
2. Introducing digital currency of the NBU (the e-hryvnia)
3. Paperless financial sector.
For upgrading cybersecurity of the financial sector the following strategic initiative are to be implemented:
1. Harmonizing and implementing legal and regulatory requirements to cybersecurity of the financial sector
2. Developing the Cybersecurity Center of the National Bank of Ukraine and international cooperation in cybersecurity
3. Monitoring cybersecurity of the financial sector
4. Developing the infrastructure of public keys and electronic trust services
5. Ensuring cyber resilience of the NBU.
To improve the NBU’s operational efficiency, the following strategic initiatives are to be implemented:
1. Integration and improvement of approaches to planning, governance, and control
2. Increasing the effectiveness of staff
3. "Green organization"
4. Optimization of work areas, maintaining the NBU’s property and strengthening the ability to react to crises
5. Effective management of procurements 6. Increasing the quality and availability of the NBU’s services.
To reach a new level of partnership and communication with stakeholders, the following strategic initiatives are to be implemented:
1. Surporting the effective system of relations with the NBU’s stakeholders
2. Establishing and implementation of common strategies and programs
3. Development of the information hub for professional market participants
4. Expanding the cooperation with international partners
5. Development of high quality communications.
For the NBU’s digital transformation to succeed, the following strategic initiatives are to be implemented:
1. IT infrastructure development
2. Functionality automation
3. Infrastructure and service readiness for remote work
4. Data management system development
To achieve this goal, the implementation of the following strategic initiatives is planned:
1. "Happy Employee" (Employee Value Proposition, Good Work-Life Balance)
2. Strengthening the attractiveness and recognizability of the employer’s brand
3. Encouragement to implement innovative ideas
