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Sevastopol Institute of Banking

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A state higher-education institution of the National Bank of Ukraine in Sevastopol, opened in 2009 and liquidated in 2015 after the annexation of Crimea.

Last updated September 27, 2026

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Overview

The Sevastopol Institute of Banking of the Ukrainian Academy of Banking of the National Bank of Ukraine (abbreviated SIBD UABD NBU) was a state higher-education institution of the National Bank of Ukraine, located in Sevastopol and accredited at the IV level. It was created to address a severe shortage of qualified banking economists in southern Ukraine, and its development was closely tied to the Ukrainian Academy of Banking in Sumy, of which it was initially a branch. The project was approved by the Sevastopol City Council on 13 September 2006, when deputies consented to allocate land near Victory Park for educational buildings, dormitories and housing. Construction began on 13 June 2008 with a ceremonial capsule-laying and the unveiling of a stele, attended by city and National Bank officials. The first phase was completed on 23 December 2009, and President Viktor Yushchenko and Academy rector Anatoliy Yepifanov formally opened the institute. The campus was planned on 5.5 hectares and designed for 2,500 students. The main academic building exceeded 23,500 square metres and contained two teaching blocks with 30 classrooms, 11 seminar rooms and a library of 150,000 volumes. A 600-seat conference hall with simultaneous-interpretation equipment, a nine-storey 429-place dormitory, a student park with national garden sections, fountains and an open-air concert venue were part of the first phase. A sports and amenity complex opened on 18 February 2011. The estimated cost of the whole project was 481.6 million hryvnias. Teaching began in July 2009 with the first intake, who spent their first year at the head institution in Sumy because the academic building was unfinished. The institute officially opened on 31 August 2010, with 235 students in its first year. It had two faculties and six departments, covering banking technologies and economics and banking law, and trained specialists in finance, accounting and auditing, international economics, economic cybernetics and law. It participated in the Bologna process, and its director was Valeriy Ivanovych Ohiienko, a candidate of economic sciences and former managing director of the National Bank of Ukraine's Deposit Guarantee Fund. On 19 June 2013, by a National Bank resolution, the institute was transferred into the University of Banking. After the annexation of Crimea by Russia, it was liquidated on 25 June 2015.

History

Plans for a banking institute in southern Ukraine emerged several years before construction, driven by an acute shortage of qualified banking economists in the region. On 13 September 2006, at the third session of the Sevastopol City Council of the fifth convocation, deputies adopted a decision giving the Ukrainian Academy of Banking of the National Bank of Ukraine consent to develop a land-management project for allocating a plot near Victory Park for the construction and maintenance of academic buildings, dormitories and housing. Construction began on 13 June 2008 with a ceremonial laying of a capsule and the opening of a stele in honour of the future institute. The ceremony was attended by First Deputy Chairman of the Sevastopol City State Administration Volodymyr Kazarin, City Council Chairman Valeriy Saratov, National Bank of Ukraine Chairman Volodymyr Stelmakh and Rector of the Ukrainian Academy of Banking Anatoliy Yepifanov. On 23 December 2009, the first phase of the Sevastopol Institute of Banking was completed. President of Ukraine Viktor Yushchenko and Academy Rector A. A. Yepifanov solemnly opened the institute. The first intake of students had taken place in July 2009; because the academic building was not yet finished, they studied for their first year at the head institution in Sumy. The institute officially opened on 31 August 2010, with 235 students in its first year — first-year entrants and returning students from the first intake. The campus was built on 5.5 hectares near Victory Park and designed for 2,500 students. The academic building covered more than 23,500 square metres and housed two teaching blocks with 30 classrooms, 11 seminar rooms and a library of 150,000 volumes. A 600-seat conference hall was equipped with simultaneous-interpretation technology. The first phase also included a nine-storey dormitory for 429 residents with a floor area of almost 7,000 square metres, lifts, and block-sections with kitchens. A student park of 26,000 square metres contained six national garden sections with more than 3,000 trees and shrubs, an open-air concert venue with 752 seats, two fountains and three ponds. The project envisaged an academic building, a swimming pool, a gym, a tennis court, two dormitories for 800 students, a postgraduate dormitory and a residential building for teachers, as well as a Chapel of Saint Helena. The estimated cost of the facility was 481.6 million hryvnias. On 18 February 2011, a sports and amenity complex of 5,000 square metres was solemnly opened. Attendees included Sevastopol State Administration Chairman Valeriy Saratov, Rector of the Ukrainian Academy of Banking of the National Bank Anatoliy Yepifanov and representatives of the National Bank of Ukraine; Ukrainian Olympic Committee Chairman Serhiy Bubka sent congratulations. The complex included a sports hall of about 700 square metres with areas for mini-football, volleyball, basketball, tennis and badminton, a 25×8.5 m swimming pool, two gyms with 60 exercise machines, billiard and tennis rooms, a canteen with two halls of 120 seats each, a buffet, 15 showers and 12 changing rooms. The second phase of construction also included a 292-place student dormitory of 5,000 square metres and the Chapel of Saint Helena. On 19 June 2013, according to a resolution of the National Bank of Ukraine, the institute was transferred into the University of Banking. After the annexation of Crimea by Russia, the institute was liquidated on 25 June 2015.

  • Sevastopol City Council gives consent for land allocation near Victory Park for the future institute.

  • Construction begins with a capsule-laying ceremony and unveiling of a stele.

  • First intake of students; they study at the head institution in Sumy for the first year.

  • First phase of the institute is completed and opened by President Viktor Yushchenko and Rector Anatoliy Yepifanov.

  • Official opening of the institute; 235 students in the first year.

  • Sports and amenity complex of 5,000 square metres is opened.

  • By resolution of the National Bank of Ukraine, the institute is transferred into the University of Banking.

  • The institute is liquidated after the annexation of Crimea by Russia.

Products and positioning

A state higher-education institution of the National Bank of Ukraine, created to supply qualified banking economists to southern Ukraine and accredited at the IV level.

  • Faculty of Banking Technologies

    Departments of Finance and Credit, Information Technologies and Systems, and Economic Cybernetics.

  • Faculty of Economics and Banking Law

    Departments of Accounting and Auditing, Law, and International Economics.

  • Specialist training programmes

    Finance; accounting and auditing; international economics; economic cybernetics; law.

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