Ex-director of National Australia Bank trade dept becomes UBRR deputy CEO

MOSCOW. Feb 13 (Interfax) - The Supervisory Board of the Ukrainian Bank for Reconstruction and Development (UBRR) has appointed Leung Ka Man the bank's deputy CEO and board member until February 7, 2025.

Leung Ka Man headed the trade and working capital finance department of the National Australia Bank's Hong Kong branch, Ukrainian media said, citing the bank's information in the system of the National Securities and Stock Market Commission of Ukraine.

UBRR was founded in 2004 to develop corporate, as well as small and medium-sized businesses by providing them with medium-term and long-term loans. UBRR was initially owned by the State Finance Institution for Innovations and then by the State Investment Company. The bank was transferred to the Finance Ministry in 2013.

In November 2017, the National Bank of Ukraine (NBU) approved a deal to sell UBRR LLC (Hong Kong) Co., Limited.

According to NBU data, UBRR was in 66th place by assets among Ukraine's 67 banks that operated in the country as of January 1, 2023.