PrivatBank (Kyiv) Board Chairman Oleksandr Shlapak plans to finish the anti-crisis tenure in the bank, the financial institution has said in a press release.
“Board Chairman of PrivatBank Shlapak has fully fulfilled the tasks set to stabilize the situation in the bank and conduct the audit of the financial state of PrivatBank. He plans to finish the anti-crisis tenure as PrivatBank board chairman in the near future… The board chairman continues managing the bank. He has already submitted the relevant application to the supervisory board of the bank. It can be considered at the next meeting of the bank’s supervisory board in July,” the bank said.
Former Ukrainian finance minister Shlapak was appointed PrivatBank board chairman in December.
As reported, the Ukrainian government on Dec. 18 decided to nationalize Ukraine’s No. 1 bank, PrivatBank. It became wholly owned by the state. After the government became its owner, the Finance Ministry additionally injected Hr 116.8 billion into it.
Recently Ukraine’s Cabinet of Ministers based on the conclusions of the independent auditor Ernst & Young (EY) decided to inject another Hr 38.5 billion into PrivatBank.
