NBU approves Simeon Dyankov’s candidacy for the position of proxy, who will be given the right to vote on shares of sanctioned shareholders of Alfa-Bank Ukraine21 April 2022
In accordance with the law, Alfa-Bank Ukraine has agreed with the National Bank of Ukraine a trustee – Simeon Dyankov, who is given the right to vote on shares of shareholders whose reputation is recognized as impeccable, and the right to participate in any way in managing the bank. Now, within the powers and legislation, Simeon Djankov can participate in the management of the bank.
Simeon Djankov is a Bulgarian economist, statesman, former Minister of Finance and Deputy Prime Minister of Bulgaria (July 2009 – March 2013). He is currently Executive Director of the Financial Markets Group at the London School of Economics and Technical Adviser to the European Commission. Mr. Djankov also has 19 years of experience working at the World Bank, where he has worked in countries with economies in transition. In addition, he served as Chairman of the Supervisory Board of the European Bank for Reconstruction and Development. He has published more than 70 scientific papers and received a doctorate in economics from the University of Michigan (USA).
As Roman Shpek, Chairman of the Supervisory Board of Alfa-Bank Ukraine, noted: “We condemn the war, the horrific casualties among the population, and the destruction of infrastructure. We understand what resources will be needed to revive Ukraine’s economy and will definitely participate in the recovery. We must be ready for this. Today’s appointment of Simeon Dyankov is an important step towards solving the reputational challenges that have arisen in Alfa-Bank Ukraine and to meet the requirements of Ukrainian legislation.
Simeon is a professional with unique experience in regions that have experienced crisis situations. With deep knowledge of economic reform and corporate governance. I believe that the appointment of a trustee will be a new opportunity for our team to gain the necessary expertise for the Ukrainian economy. “
“International experience shows that the stability of the banking system is a key issue for the country’s economy. Alfa-Bank Ukraine is one of the largest banks with modern services and a professional team. Our task is to successfully pass the period of transformation and contribute to building a strong economy of Ukraine, “said Simeon Djankov.
Alfa-Bank Ukraine operates on a full-time basis, bringing the bank’s ownership structure in line with Ukrainian law does not affect the normal operation of the financial institution. The Supervisory Board and the Management Board work without restrictions within their areas of responsibility and competence.
In agreement with the NBU, Simeon Dyankov will act within the framework of the General Meeting. The powers of the proxy include participation in the General Meeting, consideration of the report of the Supervisory Board of the bank.
Alfa-Bank Ukraine is one of the systemically important banks of Ukraine. The bank serves more than 2.5 million individual customers. This means that the well-being of 4-6 million Ukrainians (including members of their families) depends on timely and high-quality banking services of Alfa-Bank. The bank is among the TOP-3 Ukrainian banks in terms of retail funds.
It will be recalled that the US Treasury Department and the British Foreign Office have stated that Alfa-Bank Ukraine is a separate legal entity that is not related to the Russian bank and is not subject to sanctions.