About Twinning project

The National Bank of Ukraine has got a new source of external support. This is a Twinning project Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement EU-Ukraine Association Agreement, fully funded by the European Union.

The overall objective of the Twinning Project is to contribute to the macroeconomic stability of Ukraine through institutional strengthening of the National Bank of Ukraine, and building a reliable banking and payments infrastructure. The Twinning Project will indirectly aim to support NBU’s capacity to actively participate in the EU-Ukraine association process.

The project is implemented by the partners from Narodowy Bank Polski and Lietuvos bankas.

The implementation period of the Project is from 1 October 2020 to 30 June 2022. It will involve dozens of experts from Narodowy Bank Polski and Lietuvos bankas, accompanied by professionals from European Central Bank, and central banks of Greece, Hungary, the Netherlands, Portugal and Sweden. More than 100 experts, from both  EU Member States and the NBU will participate in different project activities.

For the time being, due to the Covid-19 pandemic, all activities are carried out remotely.

The EU Twinning instrument was established in 1998 to support candidate and potential candidate countries in their accession efforts and was made available to the countries of the European Neighbourhood in 2004. The EU Twinning brings together experts from both the administration of EU Member States as well as the beneficiary countries.

Project components

The Twinning project focuses on four areas







Developing approaches to banking supervision

Representatives from the central banks of EU member states and the National Bank of Ukraine will work on further implementation of Basel Core Principles for effective banking supervision and the EU legislation. In particular, internal capital adequacy assessment process (ICAAP), internal liquidity adequacy assessment process (ILAAP), and assessment of the banks’ risk profiles through the Supervisory Review and Evaluation Process (SREP).

To achieve the mandatory result, partners will develop recommendations for ILAAP origination and implementation and they will assist in enhancing the SREP Regulation and developing Regulation for banks’ ILAAP based on EBA-compliant methodologies.







Implementing instant payments system

The project is to help develop payment systems in Ukraine and define the most suitable for Ukraine model of instant payments, its architecture and the road map for its implementation.

The project is to help develop payment systems in Ukraine and define the most suitable for Ukraine model of instant payments, its architecture and the road map for its implementation. In order to achieve the mandatory result, partners will support NBU in selecting an optimal model for processing instant payments in Ukraine with ISO 20022 and will organize the targeted training session on technical aspects of the selected model. Also an expert forum will be organized to allow the exchange of views and present best practices on instant payments architecture in partners’ national frameworks.







Improving strategic planning in a central bank

Strategic planning, process management and performance monitoring at different levels of the institution will be improved based on recommendations and practical experience of the central banks of EU member states.

To achieve the mandatory result, partners will present best practices and their experience regarding central bank’s business processes. Then, they will develop recommendations on further enhancing current strategic planning and the process-based model of planning and management at NBU.







Improving the European integration and international cooperation process of a central bank

External expertise will serve to strengthen the NBU in its international activities and cooperation, in particular in implementing the EU-Ukraine Association Agreement.

To cover this component fully, partners will present the expertise and practical experience resulting from the overall process of integration with the EU and European System of Central Banks (ESCB). At this stage, partners will share with the NBU staff the knowledge and hands-on experience of NBP and LB as regards the cooperation with International Financial Institutions (IFIs) and will prepare recommendations on enhancing cooperation of NBU with IFIs, ECB, ESCB, EBA and other central banks.

Project leaders


Mr Paweł Samecki

Project Leader, Adviser to the NBP President, Narodowy Bank Polski


Ms Vilė Urbonienė

Junior Project Leader, Director of International Relations Department, Lietuvos bankas


Mr Dmytro Sologub

Beneficiary Country Project Leader, Deputy Governor, National Bank of Ukraine


Mr Dariusz Lewandowski

Resident Twinning Adviser (RTA), Expert in the International Department, Narodowy Bank Polski


Mr Volodymyr Kuchyn

RTA Counterpart, Head of Office for European Integration and International Programmes, National Bank of Ukraine


Ms Erika Balaikienė

Leader for Component 1 (A), Head of Banking Supervision Division, Lietuvos bankas


Mr Robert Klepacz

Leader for Component 2 (B), Deputy Director of the Payment System Department, Narodowy Bank Polski


Ms Gytautė Peseckaitė-Kibickienė

Leader for Component 3 (C), Head of Performance Management Division, Lietuvos bankas


Mr Tomasz Ciszak

Leader for Component 4 (D), Deputy Director of the International Department, Narodowy Bank Polski


Useful materials


The The NBU works with international financial institutions with the purpose of enhancing the stability of Ukraine’s financial system. While integrating into the global financial community and moving towards the European Union, the NBU coordinates its actions with international institutions and other central banks. To find out more go to the link