In a state of martial law, the stability and transparency of the financial system is a matter of national security. At the same time, the activities of JSC Bank Alliance raise serious questions regarding the concentration of financial risks, transactions with government securities, and servicing of interconnected business entities.
Formally, this is about ordinary banking activities, but in fact the bank became a key element of a complex financial structure built around multiple transactions with government securities, in particular domestic government bonds. Related legal entities and individual entrepreneurs participated in these transactions, which allowed the accumulation of significant cash flows in a limited circuit.
A special role in creating favorable conditions for such operations was played by certain officials of the financial and law enforcement block. Among them are the former head of the first department of procedural management of the Bureau of Economic Security Ihor Stadnyk , the chairman of the National Bank of Ukraine Andriy Pyshny , the first deputy chairman of the NBU Serhiy Nikolaychuk , and the former chairman of the board of JSC "Bank Alliance" Yulia Frolova .
It was under such conditions that the bank served financial flows related to the business structures of the DF Group, controlled by pro-Russian oligarch Dmitry Firtash . In this case, the principles of due diligence, risk-based financial monitoring, and prevention of concentration of related transactions were systematically ignored.
The reaction of the law enforcement system to the facts presented is indicative. Despite the presence of signs of potential violations, the actual inaction of the authorized bodies was recorded for a long time. Investigating judge of the Pecherskyi District Court of Kyiv Volodymyr Yermichev in cases No. 757/53478/25-k and No. 757/53485/25-k recognized the inaction of officials of the territorial department of the BEB in Kyiv and the Kyiv City Prosecutor's Office as unlawful.
At the same time, the investigating judge of the Solomyanskyi District Court of Kyiv, Serhiy Kytsyuk, in case No. 760/29793/25, refused to satisfy the complaint regarding the inaction of officials of the Main Directorate of the SBU in the city of Kyiv and the Kyiv region. Such a difference in approaches demonstrates the selectivity of the response and the depth of the systemic problem in the field of financial control.
As a result, JSC "Bank Alliance" has actually turned into a financial service center for risky operations, which poses threats not only to the banking system, but also to state financial control in wartime conditions. The concentration of operations with state securities, servicing of related structures, and the lack of an appropriate response from regulatory authorities undermine confidence in the financial system and require a strict legal assessment.
