From October 31 to November 7, the National Bank of Ukraine (hereinafter – the National Bank) will hold the All-Ukrainian Financial Literacy Test for adults. The initiative is timed to coincide with World Savings Day and aims to help Ukrainians check their level of financial knowledge and motivate them to self-educate in the field of financial literacy.
The online test is free and available on the educational financial literacy website "Garazd" (meaning 'Fine' or 'Well'). The test is open to everyone, but the questions are primarily targeted at students, adults, and the elderly.
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 genuinely important for Ukrainians.
"Last year, we first offered Ukrainians to undergo a kind of 'financial check-up' of their knowledge, and the initiative received an extremely positive response. We put a special meaning into it: it's not about 'grades' or 'scores,' it is more important to see one's strengths and areas for development in personal finance. Essentially, it is a simulator for real financial decisions. Here, you can safely make a mistake so that you can act confidently and rationally in life," Andriy Pyshnyy emphasized.
Why is this needed?
The financial literacy of Ukrainians is gradually increasing, 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 basic 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, the volume of losses from illegal payment card transactions increased by 37% and exceeded UAH 1.1 billion. 84% of the total losses were caused by social engineering – citizens independently disclosed their personal data, payment card details, verification 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 annually: see progress, compare results, and improve skills," said Yuliia Yevtushenko, Director of the NBU Communications Department.
The test is structured around 20 practical financial cases – from budget planning and savings to using financial services and protection against payment fraud. After completing the test, participants can receive a personalized selection of materials to help them improve their financial knowledge.
Furthermore, by sharing their results on social networks, test participants can enter a draw for prizes – 20 gift boxes from the National Bank. You can find out more about the conditions of the draw by following the link.
The All-Ukrainian Testing is part of the implementation of the National Financial Literacy Development Strategy until 2030.
Reference Information
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. About 52,000 participants took part in it last year.
In 2025, 60 partners joined the National Bank's initiative: financial institutions, youth and public organizations, business companies, etc. These include: The Ministry of Culture and Information Policy of Ukraine (National Media Literacy Project "Filter"), The Association of Ukrainian Banks, The Independent Association of Banks of Ukraine, The National Association of Insurers of Ukraine, The League of Insurance Organizations of Ukraine, The Motor (Transport) Insurance Bureau of Ukraine, The Deposit Guarantee Fund, The All-Ukrainian Association of Financial Companies VAFFC, CF "Let's help", CF "Zhyttieliub", NGO "Junior Achievement Ukraine", Kyiv City Youth Council, financial portal "Finance.ua", Public Broadcasting, Ukrainian Radio, financial and investment portal "Minfin", taxi ordering service "Uklon", "Silpo" Supermarket Chain, "Vlasny Rakhunok" Daily Rewards Service, "Bank Vlasny Rakhunok", "FOXTROT" Online Store, "Allo" Marketplace for innovative products, "SOCAR Energy" Filling Stations, Stary Lev Publishing House, "Hotline.Finance" Online Insurance Service, "E-Zoo" Pet Store, "Kyivstar" Mobile Operator, "Lifecell" Mobile Operator, "Coral Travel" Tour Operator, "Englishdom" Online English School, "Cambridge.ua" Educational Center, JSC CB "PrivatBank", JSC "Oschadbank", JSC "KREDOBANK", JSC "Raiffeisen Bank", JSC "Ukreximbank", JSC "UKRSIBBANK", JSC "KRYSTALBANK", JSC "A-BANK", JSC "UKRGAZBANK", JSC "BANK CREDIT DNIPRO", JSC "SENSE BANK", JSC "TASCOMBANK", JSC "PRAVEX BANK", JSC "AGROPROSPERIS BANK", JSC"AB RADA BANK", JSC "INDUSTRIALBANK", JSC BANK "GRANT", JSC "Universal Bank", JSC "CB "ACCORD BANK", JSC "BIZBANK", JSC "PIRAEUS BANK CB, JSC "MetaBank", JSC "MTB BANK", JSC "RWS BANK", JSC "COMINBANK", JSC "CLEARING HOUSE", Polikombank, JSC "ALTBANK", JSC "EPB".
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