In May 2026, domestic government bonds (OVGZ) remained one of the most popular financial instruments among Ukrainians. The volume of OVGZ owned by citizens reached 148.5 billion UAH, setting a new historical maximum for this market.
This is reported by Business • Media
“Compared to May 2025, the portfolio of individuals increased by 56.4%.”
The active growth of investments in government securities indicates that more and more people are choosing OVGZ against the backdrop of rising yields and a desire to support the country’s financial stability. OVGZ is becoming a worthy alternative to traditional bank deposits and other savings instruments.
Ukrainian businesses are increasing their purchase of government bonds
Not only individuals but also Ukrainian companies continue to actively invest in government bonds. As of early June, the portfolio of legal entities exceeded 220.9 billion UAH, with businesses increasing their investments by 15.8% over the year. This demonstrates the unwavering interest of the corporate sector in government debt instruments even under challenging economic conditions.
Domestic OVGZ market: over 2 trillion UAH in circulation
The total volume of OVGZ in circulation as of June 1 exceeded 2 trillion UAH, highlighting the strategic importance of this instrument for Ukraine’s financial system. The largest owners remain commercial banks, which control over 47% of the market, while the National Bank of Ukraine holds more than 33% of the total amount of bonds. At the same time, the share of individuals and businesses in the market continues to grow.
Throughout May, the Ministry of Finance held four auctions for the placement of OVGZ, resulting in over 12.3 billion UAH being attracted to the state budget. This has become an additional source of funding for government expenditures and confirmed the effectiveness of internal resources to support the economy.
The growing interest in OVGZ from ordinary citizens has led to this instrument becoming a true popular investment product. While banks and large financial organizations were previously the main investors, private individuals are now playing an increasingly significant role.
It is worth noting that the National Securities and Stock Market Commission, together with the National Depository of Ukraine, has already introduced a new digital model for the registration of stock issues. The reform aims to simplify procedures and reduce the registration period from several months to 1-2 weeks, which should further stimulate the development of the capital market.