Ukraine's former FM and former PrivatBank head Shlapak joins Supervisory Board of Alfa-Bank Ukraine

MOSCOW. Oct 27 (Interfax) - Alexander Shlapak, who was head of Ukraine's Economy Ministry in 2001-2002, was the country's finance minister in 2014, and led the nationalized PrivatBank from the end of 2016 to July 2017, has been elected an independent member of the Supervisory Board of Alfa-Bank Ukraine for three years.

The decision was made at an extraordinary shareholder meeting on September 20, Ukrainian state media reported, citing data published in the information disclosure system of the National Commission on Securities and Stock Market on Wednesday.

Another independent member of the Supervisory Board is Pavel Gashkovets. He led Central and Eastern Europe risk management projects at UniCredit from the end of 2016 to the end of August 2022. Before that, he was chief risk manager and board member of Ukrsotsbank, which was then controlled by UniCredit and which later joined Alfa-Bank Ukraine, for four years.

The other six members of the Supervisory Board, led by Roman Shpek, including three independent ones, were re-elected for a new three-year period.

After general manager and board member Rafal Juszczak , the renewed Supervisory Board accepted the resignation of Robert Dzialak, who had come after him in September 2020.

According to data from the National Bank of Ukraine, Alfa-Bank Ukraine ranked seventh by the amount of total operating assets (UAH 111.16 billion) among the 67 banks operating in the country as of September 1, 2022.