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From 31 October to 7 November, the National Bank of Ukraine (hereinafter referred to as the National Bank) will conduct a nationwide financial literacy test for adults. The initiative is timed to coincide with World Savings Day and is designed to help Ukrainians test their financial knowledge and motivate them to educate themselves in the field of financial literacy.
The online test is available free of charge on the financial literacy educational website ‘Garazh’. Anyone can take the test, but the questions are more geared towards students, adults and older people.
According to Andriy Pyshnyy, Governor of the National Bank of Ukraine, last year's pilot project proved that the topic of financial literacy has become truly important for Ukrainians.
"Last year, we offered Ukrainians a unique “check-up” of their financial knowledge for the first time, and this initiative received an extremely positive response. We attach special significance to it: it is not about ‘grades’ or “points”; it is more important to see your strengths and areas for development in personal finance. In fact, it is a simulator for real financial decisions. Here you can safely make mistakes in order to act confidently and rationally in life," Andriy Pyshnyy emphasised.
Why is this necessary?
The financial literacy of Ukrainians is gradually improving, but it remains below the recommended level. According to the study ‘Financial Literacy, Financial Inclusion and Financial Well-being in Ukraine’ (2021), the average score is 12.3 out of 21, while the baseline is
Why is this necessary?
The financial literacy of Ukrainians is gradually improving, but remains below the recommended level. According to the study ‘Financial Literacy, Financial Inclusion and Financial Well-being in Ukraine’ (2021), the average score is 12.3 out of 21, while the baseline level according to the Organisation for Economic Co-operation and Development (OECD) methodology is 14 points.
At the same time, the threat of payment fraud remains relevant: in 2024, losses from illegal payment card transactions increased by 37% and exceeded UAH 1.1 billion. 84% of the total amount of all losses was caused by social engineering – citizens voluntarily disclosed their personal data, payment card details, confirmation codes and passwords for payment transactions to fraudsters.
‘We want the All-Ukrainian testing to become not only a tradition, but also an element of caring for one's financial literacy, so that every Ukrainian can check their financial knowledge every year: see progress, compare results, improve skills,’ said Yulia Yevtushenko, Director of the NBU Communications Department.
The test is based on 20 practical financial cases, ranging from budget planning and savings to the use of financial services and protection against payment fraud. After completing the test, participants can receive a personalised selection of materials to help them improve their financial knowledge.
In addition, by sharing their results on social media, test participants can take part in a prize draw for 20 gift boxes from the National Bank. For more information about the terms and conditions of the prize draw, please follow the link.
The All-Ukrainian testing is part of the implementation of the National Strategy for Financial Literacy Development until 2030.
For reference
The All-Ukrainian Financial Literacy Test was launched by the National Bank of Ukraine in 2024 to mark the 100th anniversary of World Savings Day. Last year, about 52,000 participants took part in it.
In 2025, 60 partners joined the National Bank's initiative: financial institutions, youth and public organisations, business companies, etc. Among them are the Ministry of Culture and Information Policy of Ukraine (National Media Literacy Project ‘Filter’), the Association of Ukrainian Banks, the National Association of Banks of Ukraine, the National Association of Insurers of Ukraine, the League of Insurance Organisations of Ukraine, the Motor (Transport) Insurance Bureau of Ukraine, the Deposit Guarantee Fund, the All-Ukrainian Association of Financial Companies (VAFK), the Let's Help Charitable Foundation, the Zhytelub Charitable Foundation, the Junior Achievement Ukraine NGO, the Kyiv City Youth Council, the Finance.ua financial portal, Public Broadcasting, Ukrainian Radio, the finance and investment portal Minfin, the online taxi ordering service Uklon, the Silpo supermarket chain, the daily rewards service Vlasny Rakhunk, Vlasny Rakhunk Bank, the FOKSTROT electronics chain, Allo innovative goods marketplace, SOCAR Energy petrol stations, Staryi Lev publishing house, Hotline. Finance, E-Zoo pet store, Kyivstar mobile operator, Lifecell mobile operator, Coral Travel tour operator, Englishdom online English language school, Cambridge.ua educational centre, PrivatBank JSC, Oschadbank JSC, KREDOBANK JSC, RAIFFEISEN BANK JSC, Ukreximbank JSC, JSC UKRSIBBANK, JSC KRISTALBANK, JSC A-BANK, AB UKRGASBANK, JSC BANK CREDIT DNIPRO, JSC SENS BANK, JSC TASCOMBANK, PRAVEX BANK JSC, AGROPROSPERIS BANK JSC, AB RADABANK JSC, INDUSTRIALBANK JSC, GRANT BANK JSC, JSC ‘Universal Bank’, PJSC ‘CB ’AKORDBANK‘, JSC ’BIZBANK‘, JSC ’PIRAEUS BANK MKB‘, JSC “MetaBank”, PJSC ’MTB BANK‘, JSC ’RVS BANK", JSC ‘COMINBANK’, AB ‘CLEARING HOUSE’, Polikombank, JSC “ALTBANK”, JSC ‘EPB’.
