Ukrainian PrivatBank's Supervisory Board ex-member appointed Raiffeisen Bank's Supervisory Board member from EBRD

MOSCOW. Nov 12 (Interfax) - The European Bank for Reconstruction and Development (EBRD), which owns 30% of the Kiev-based Raiffeisen Bank authorized capital, has decided to replace its member in the Supervisory Board Andreea Moraru with Olga Tomash, who held the position of an independent member of the Kiev-based state-owned PrivatBank Supervisory Board from July 2019 to December 2022.

Tomash has been a member of the Supervisory Boards of Credo Bank Georgia since April 2022 and of the Uzbek bank Ipak Yuli since December 2020, Ukrainian media reported, citing Raiffeisen's data in the National Securities and Stock Market Commission's information disclosure system.

She has also been a senior banking consultant at AdVision Finance for the last four years and an independent member of the audit committee at Azerbaijan's AccessBank since January 2020.

Raiffeisen Bank was founded in 1992. According to the finance institution, Raiffeisen Bank International AG (RBI) owns its 68.21% stake, while the EBRD owns 30%, and minority shareholders own the remaining 1.79%.

The bank's net profit totaled 5.61 billion hryvni in the first eight months of 2024, while the figure stood at 5.12 billion hryvni year-on-year.

The National Bank of Ukraine said that Raiffeisen ranked fourth with 225.69 billion hryvni among the 62 banks operating in the country in terms of total assets as of September 1, 2024.