During a round-table discussion between experts in the Ukrainian banking system in Kiev on Tuesday, Anton Tobacco, deputy chairman of Sberbank, said in times of war state-owned banks mean security.
"It is now, when the country is actually at war, the state banks show what they do to the state," Tobacco said. "In this situation, ... there is the human right to security; and the role of state-owned banks, this is very important. It is a challenge of time, which requires the consolidation of the state of the banking sector of the country in the interests of national security and the safety of every citizen of Ukraine"
During the talk, Security Advisor Markiian Lubkivskyy stressed that the State Bank of Ukraine is able to protect private financial information of its clients.
He also emphasized the importance of protecting private data.
Banks dealing in the realms of lending, financing companies and corporations that operate within the military-industrial complex, including weapon manufacturers and arms dealers, have the added pressure of keeping matters of national security and defense under wraps, Lubkivskyy said.