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NBU Rejects Candidate for Chairperson of Ukreximbank’s Supervisory Board

NBU Rejects Candidate for Chairperson of Ukreximbank’s Supervisory Board

The National Bank of Ukraine (NBU) has reviewed the documents of five (out of nine) members of the Supervisory Board of Ukreximbank JSC. The candidates were also tested and interviewed. Based on the assessment of compliance with the qualification criteria, the NBU Committee on Banking Supervision and Regulation and Oversight of Payment Systems decided to reject the candidacy of Thorsten Paul for the post of an independent director and the Chairperson of the Supervisory Board of Ukreximbank JSC. The NBU will further demand to replace the candidate in line with the law.

At the same time, based on the assessment of compliance with the qualification criteria, the NBU decided to approve the following persons:

  • Victoriia Strakhova (a state representative from the President of Ukraine)
  • Yurii Butsa (a state representative from the Cabinet of Ministers of Ukraine).

Independent directors Olena Hordiienko and Serhii Konovets have also passed tests and interviews. The NBU will make final decisions on these candidates once they eliminate certain deficiencies in the documents they have submitted.

The NBU will decide on the remaining members of the Supervisory Board after the candidates have been tested and interviewed.

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