Ukraine’s financial sector has faced unimaginable challenges since the full-scale invasion, yet it has remained unshaken. In this report, leaders from the Ukrainian financial ecosystem share how they kept the banking system running against all odds. From missile strikes near data centers to nationwide blackouts, they adapted at record speed—migrating critical infrastructure to the cloud, securing alternative power sources, and ensuring uninterrupted banking services. The National Bank of Ukraine became more than a regulator; it became a leader, uniting banks, fintechs, and institutions in a collective effort to sustain financial stability. Power Banking, a nationwide backup network, allowed financial services to continue despite outages, while frontline teams worked from shelters and risked their lives to keep the system operational. This is the story of resilience, innovation, and unity in the face of war—where competition was set aside for survival, and where belief in victory fuels an unbreakable financial frontline.
