Ukrsotsbank : Changes in the composition of the Supervisory Board of Ukrsotsbank

On November 28, 2018, by the decision of the sole shareholder of Ukrsotsbank ABH Holdings S.A., composition of the Supervisory Board of the bank was changed.

The new independent directors, Martin Schwedler and Artemiy Yershov, were introduced to the Supervisory Board.

Due to the changes in the composition of the Supervisory Board of the bank and the introduction of two new board members, the current composition of the Supervisory Board of Ukrsotsbank is as follows:

• Roman Shpek, Chairman of the Supervisory Board;
• Andrew John Baxter, member of the Supervisory Board;
• Ernest Galiev, member of the Supervisory Board, independent director;
• Artemiy Yershov, member of the Supervisory Board, independent director;
• Ildar Karimov, member of the Supervisory Board;
• Martin Pilecki, member of the Supervisory Board;
• Martin Schwedler, member of the Supervisory Board, independent director.

Martin Schwedler and Artemiy Yershov hold no shares in the authorized capital of Ukrsotsbank.

Austrian banker Martin Schwedler gained extensive experience in corporate finance and investment banking at such companies as GE Capital, Raiffeisen Investment AG and Lazard Frères Gestion. Since December 2017 he has been Chairman of the Supervisory Board of Alfa-Bank Ukraine (independent director).

Artemiy Yershov has many years of experience in the stock market and banking institutions. Since 2016 he has been chairman of the exchange committee of JSC Ukrainian Exchange, and since 2014 has been a board member of the Fund Partnership Association and PARD professional association for capitals markets and derivatives .

In 2013-2014, Artemiy Yershov served as deputy board chairman of PJSC Subsidiary Bank of Sberbank Russia, and in 2014-2016 served as board member of the Trastakomercbanka (Riga, Latvia).

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank's client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.

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