The National Bank of Ukraine has questioned the quality of corporate governance at Ukrposhta and the professional competence of its General Director, Igor Smilyansky. This is evidenced by the regulator's position on the activities of the state-owned company.
The NBU notes that the current management system does not meet regulatory requirements. In particular, this concerns the long-term absence of a formed supervisory board, improper division of powers, and the concentration of management functions in the hands of one manager.
According to the regulator, the CEO actually combines operational management with some of the functions that should be performed by the supervisory board. This model, according to the National Bank, has led to the accumulation of systemic problems in the company's activities.
The regulator also emphasizes that the violations are systemic in nature and were recorded during 2024–2026, despite previously applied measures of influence. This, in the opinion of the NBU, calls into question the effectiveness of the existing corporate governance model.
The National Bank's conclusions may have further consequences for the state-owned company, in particular in terms of reforming the management system and strengthening control over its activities.
As of now, no official reaction from Ukrposhta management to the regulator's statements has been made public.
