Joint stock company The State Export-Import Bank of Ukraine (JSC Ukreximbank) is a state bank*.
The state represented by the Cabinet of Ministers of Ukraine (the Government) owns 100% of Ukrexim shares, thus being its sole founder and shareholder.
According to the Statute (the Articles of Association), the Bank shall not be responsible for any commitments of the state, unless otherwise envisaged by Ukrainian laws or an agreement. The founder shall be liable for the Bank’s commitments within the limits of shares it owns, while liabilities over these limits are admissible only by Ukrainian laws or an agreement.
JSC Ukreximbank acts as a financial agent for the Cabinet of Ministers of Ukraine and provides agency services to the Government under agency agreements between the Bank and the Cabinet of Ministers of Ukraine.
Ukraine legislation ensures that the Bank is economically self-sufficient and completely independent from public authorities in any actions or decisions related to its operational activity.
*According to Ukrainian legislation in force, a state bank is defined as a bank, 100pct of shares in which belong to the state. State bank is being established pursuant to the Decree by the Cabinet of Ministers of Ukraine.