The CEO of Ukrainian national oil and gas company Naftogaz Ukrainy, Oleh Dubyna, has been appointed to head the supervisory board of Ukrgasbank (Kyiv).
Dubyna’s first deputy at Naftogaz, Ihor Didenko, will also sit on the board.
“This bank is considered a contender for the status of a sector bank. There is much demanding work ahead,” Naftogaz spokesman Valentyn Zemliansky said.
The new makeup of the bank’s seven-member supervisory board was approved on August 28, Ukrgasbank acting administrator Oleksandr Sokolov told Interfax. It may hold its first meeting on September 3.
The other members are Deputy Finance Minister Andriy Kravets, the head of the Finance Ministry’s department for state participation in recapitalization of banks Teimur Bahirov, the head of the Finance Ministry’s department for development of the financial services market Volodymyr Kotsuba, the former head of the State Mortgage Institution Kyryl Shevchenko and Valentyn Obshtyr, who served on the previous board.
Once all the management bodies have been formed, work will begin on ending the temporary administration of the bank imposed in June.
The exact dates for the bank’s recovery will be determined after a report on its operations has been submitted to the National Bank of Ukraine.
