KYIV, July 24 – The Ministry of Finance and the Deposit Guarantee Fund (DGF) on Saturday (July 22) signed a contract for the sale of 100% of the shares of the systemically important Sense Bank JSC (Kyiv, formerly Alfa-Bank) for UAH 1, according to which the bank becomes the property of the state.

"This step will help protect the interests of the bank's depositors and avoid threats to financial stability in Ukraine," the Finance Ministry said in a statement on Saturday.