The National Bank of Ukraine has removed Mr. Ivan Diyak from the Supervisory Board of Ukrgazprombank PJSC and demands from the bank to replace him by another person. The decision to this effect was taken by the Committee on Banking Supervision, Regulation, and Payment System Oversight.
On April 7, 2015, Ukrgazprombank PJSC was declared insolvent on the grounds, among other things, that it had carried out hazardous activities. At that time, Mr. Ivan Diyak (who held a 24.5167% stake in the Bank) and Mr. Oleh Diyak (who held a 24.0973% stake in the Bank) were the qualifying shareholders. It should be noted that they were the qualifying shareholders as of January 1, 2014 and as of January 1, 2015. Given that the aforementioned shareholders were the qualifying holding owners before the bank was declared insolvent, their business reputation was recognized as such that failed to meet the impeccability requirements set by the National Bank of Ukraine (it is not irreproachable).
In August 2015, the bank was sold to an investor- Primestar Energy FZE – and the provisional administration was lifted. On August 10, 2015, a series of appointments were made at Ukrgazprombank PJSC. In particular, Mr. Ivan Diyak was appointed as member of the Supervisory Board.
In view of the non-compliance of Mr. Ivan Diyak’s business reputation with the requirements set by the National Bank of Ukraine, the Committee on Banking Supervision adopted a decision to remove Mr. Ivan Diyak from the Supervisory Board of Ukrgazprombank PJSC and demand his replacement.
In June 2015, the National Bank strengthened the requirements as to the business reputation of owners of qualifying holdings in the bank and bank managers. Thus, if the person was a qualifying shareholder in the bank as at any date within a period of one year prior to the date when the bank was declared insolvent on the grounds that it had carried out hazardous activities, such person will be unable to become a qualifying shareholder or a bank senior executive for ten years.