“Mr Oleksandr Shlapak took charge of PrivatBank when the bank was going through a critical transition period following the bankruptcy. He showed high professionalism in stabilizing the bank. Mr Shlapak confirmed the bank's credibility by ensuring its smooth operation following the bank’s takeover by the state, thus maintaining customer confidence,” said Mr Smolii commenting on the resignation of Mr Shlapak.
Mr Smolii said that the main task facing Mr Shlapak’s successor in this job is to design a development strategy for the state-owned bank, prepare this bank for future equity participation by international strategic investors and continue efforts to clear the bank’s balance sheet of toxic assets.