The National Bank of Ukraine has decided that Ihor Smelyanskyi, CEO of JSC Ukrposhta, does not meet the professional suitability requirements established for the head of a financial payment services provider. This was reported by the NBU.
The decision was made by the Committee on Banking Supervision and Regulation, and Payment Infrastructure Oversight.
JSC Ukrposhta is a postal operator licensed by the NBU to provide financial payment services. As a provider of such services, the company is supervised by the National Bank.
The NBU launched the procedure to assess Smelyanskyi’s compliance with professional suitability requirements based on supervisory actions related to the company’s operations in 2023–2026.
During this period, the regulator several times applied enforcement measures against JSC Ukrposhta, including written warnings and fines. These concerned violations in the field of payment services and financial monitoring, as well as shortcomings in the risk management and internal control system.
Following an interview and analysis of the materials, the NBU Qualification Commission concluded that there were grounds to recognize Ihor Smelyanskyi as not meeting the professional suitability requirements.
The NBU Committee concluded that Smelyanskyi does not have a sufficient level of knowledge of legal requirements, understanding and experience in the proper application of current legislation, including National Bank regulations, to the extent necessary to perform his duties.
The NBU noted that this concerns ensuring an adequate level of corporate governance and internal control, as well as organizing the financial monitoring system and risk management system at JSC Ukrposhta.
In view of the NBU’s decision, the authorized body of JSC Ukrposhta must take the necessary steps to replace the CEO and bring the company’s activities into compliance with Ukrainian legislation and National Bank regulations.
Within five working days, the authorized body of JSC Ukrposhta must suspend Ihor Smelyanskyi from managing the company. A new CEO who meets the professional suitability requirements must then be appointed within two months.
