Kyrylo Yevhenovych Shevchenko (; born 25 October 1972) is a Ukrainian banker and a former Chairman of the National Bank of Ukraine from July 2020 until his resignation and fleeing Ukraine in October 2022 due to "health problems" (his explanation) or pending corruption/embezzlement charges. Shevchenko is also a former chairman of the board of the state-owned Ukrgasbank from 2014 to 2020.
Education and career
September 1987 — August 1989, Shevchenko worked as repairmen at the Illich mine in Kadiivka, Luhansk Oblast.
In 1994 Shevchenko graduated from Kharkiv State Economic University with a diploma in economics.
March 1995 — September 1995, leading economist at Aval Bank.
October 1995 — December 2006, he made a career in Finance and Credit bank, having occupied the position of the first deputy chairman of the Board.
December 2006 — May 2009, head of the State Mortgage Institution.
May 2009 — September 2009, adviser to the Prime Minister of Ukraine Yulia Tymoshenko.
In 2010, Kyrylo Shevchenko together with his business partner, First Deputy Minister of Finance during the Azarov administration Vadym Kopylov, bought the now liquidated Terra Bank.
From 14 April 2010 to 11 April 2011 he was the CEO of Terra Bank. Shevchenko had changed his position on 28 April 2011, becoming the Supervisory Board Chairman until 6 April 2012, when the partners sold Terra Bank to structures linked to Ruslan Tsyplakov, a close friend of Viktor Yanukovych's sons.
Ukrgasbank
September 2009 — April 2010, first deputy chairman of the management board of Ukrgasbank.
May 2012 — August 2014, advisor to the chairman of the board of state-owned bank Oschadbank.
October 2014 — May 2015, acting chairman of the board of Ukrgasbank.
28 May 2015 — 16 July 2020, chairman of the board of Ukrgasbank.
In 2017, Kyrylo Shevchenko together with the Minister of Ecology and Natural Resources of Ukraine Ostap Semerak presented the first in Ukraine environmentally friendly payment card made entirely of bio-raw materials. The manufacturer of the new payment cards is the German company Giesecke & Devrient.
National Bank of Ukraine
On 16 July 2020, the Verkhovna Rada (Ukraine's parliament) appointed Kyrylo Shevchenko the Chairman of the National Bank of Ukraine. Right after his appointment, Shevchenko appointed Olexandr Prysyazhniyk, as the NBU's Head of Executive Office. On 22 July 2020, former deputy minister of finances Yuriy Heletiy became a deputy head of NBU.
In 2020, during the Covid-19 crisis, the National Bank of Ukraine started using non-traditional monetary instruments, which provided additional assistance to the banking system and lending during the most difficult period of the crisis and at the initial stage of economic recovery. After the return of the economy to recovery in 2021, the NBU began the gradual winding down of these mechanisms.
Under the chairmanship of Shevchenko, the NBU did not change monetary policy and continued its course of balancing between the reaction to inflation and the recovery of the economy.
On January 25, 2021, the NBU signed a loan agreement between the Ministry of Finance of Ukraine, the International Finance Corporation (IFC) and JSC "Ukrgasbank" regarding the provision of a loan in the amount of EUR 30 million with the possibility of further conversion of loan funds into the bank's authorized capital.
From April 1, 2021, the new NSFR prudential standard was introduced aimed to stimulating of banks in order to attract more stable and long-term sources of funding.
On April 16, 2021, the National Bank began cooperation with the International Financial Corporation IFC on the development of "green financing".
In 2021, the NBU developed a new institutional strategy of the National Bank until 2025 with a focus on boosting economic growth and digitization. Thanks to the monetary policy of the National Bank of Ukraine in 2021, when many countries of the world were struggling inflation, Ukraine managed to reverse the downward inflation trend. After a peak in September 2021, when the indicator was 11%, it already fell to 10% in December 2021 and continued to decline. In August 2021, Foreign Exchange Reserves reached a record level. The National Bank ended 2021 with a positive balance of currency interventions in the amount of $2.4 billion, which made it possible to increase international reserves to $31 billion. (i.e. by 6%), and also end the year with a record profit of ₴77.5 billion.
LIGA.net named the continuation of cooperation with the IMF after a long pause as one of Kyrylo Shevchenko's achievements as head of the NBU.