Shareholder of the Bank

The sole shareholder of the Bank which owns 100% of the Bank's shares is the State of Ukraine represented by Ministry of Finance of Ukraine.

Management boards

  • Unit Managers
  • Members of the Board
  • Supervisory Board

Marharyta Illivna Kozlova

Head of Back-Office

Hennadii Yuriiovych Linskyi

Head of Finances and Risks

Dmytro Viacheslavovych Luchaninov

Head of Compliance Department

Olexii Yuriiovych Putiatin

Head of Payments and Transfers Business

Yevhenii Veniaminovych Vasyltsov

Head of Business for Operations with Trading Companies

Viacheslav Valeriiovych Vetluzhskykh

Head of Internal Audit

Mykola Ivanovych Shcherbyna

Head of Marketing and Management

Olena Mykolaiivna Tsehelia

Head of “PrivatUniversity” Corporate Education

Olexandr Borysovych Sokolovskyi

Head of Internal Control and Fraud Management – Anti-bribery Program Officer

Serhii Hennadiyovych Bolotin

Head of Security Service

Oksana Stanislavivna Anoshechkina

Head of Multichannel Contact Center

Vitalii Anatoliiovych Khlopetskyi

Head of Regional Division Development

Andrii Anatoliiovych Kovtun

Head of Consumer Lending Business

Yaroslav Vasyliovych Matuzka

Head of Global Legal Department

Turyvnoy Oleksiy Anatolevych

Head of the Center of insurance business

Serhiy Volodymyrovych Kliuiev

Head of the Small and Medium Business Unit

Viacheslav Yuriyovych Nekhoroshykh

Head of the Information Security Unit at the Head Office

Serhiy Anatoliyovych Stratonov

Head of the Asset Management and Restructuring Unit at the Head Office

Mr. Peter Krumphanzl

Chairman of the Board (date of birth 06.05.1966)


The First Deputy Chairman of the Board (date of birth 11.09.1960, resident of Ukraine)

Mr. Oleksandr DRELING

Deputy Chairman of the Board (date of birth 25.06.1963, resident of Ukraine)


Member of the Board (date of birth 25.03.1959, resident of Ukraine)

Ms. Valentyna YARMOLENKO

Chief Accountant of the Bank (date of birth 01.08.1962, resident of Ukraine)


The First Deputy Chairman of the Board (date of birth 14.05.1966, resident of Ukraine)


Member of the Board (date of birth 27.06.1981, resident of Ukraine)

Ms. Ganna Samarina

Member of the Board

    The main function of the Credit Committee is to monitor the implementation of the credit and deposit policy of the bank, namely:

    1. Maintaining the normative base on a highly methodical and technological level.
    2. Ensuring planned profitability and level of credit portfolio risk appetite in terms of main products.
    3. Rating of asset quality and adequacy of formed reserves (to be reviewed by the Credit Committee using electronic voting)
    4. Optimisation of the bank credit portfolio structure.
    5. Consideration and decision-making on crediting within the frameworks of delegated liability limits, as well as decisions on non-standard deals without any approved schemes of operation.
    6. Review of the pricing policy of the financial market.
    7. Consideration of the efficiency of the credit and deposit policy of the main business lines.
    8. Examination of situation of bank bad assets history in view of basic products, businesses and recovery channels.
    9. Analysis of base cost of bad asset recovery.
    10. Analysis of asset and liability structure.
    11. Analysis of liability prime cost.
    12. Taking a decision on interest rates.

    Functions of the Budget Committee

    1. Approval and coordination of the business planning process of PrivatBank and partner banks.
    2. Setting tactical and strategic aims by key budget indices of PrivatBank and partner bank activities.
    3. Discussion of the business plans of structural divisions, KPI approval for PrivatBank and partner bank directors.
    4. Approval of the consolidated business plan for PrivatBank and partner banks.
    5. Control of the fulfillment of business plan indices and KPIs of branch managers.
    6. Discussion and decision-making on bank overhead optimization.KPI overhead performance control.

R. Engin Akçakoca   Following 27 years of commercial banking experience in Turkey, R. Engin Akçakoca was appointed as the CEO and Chairman of the Banking Regulation and Supervision Agency and the Savings Deposit Insurance Fund (SDIF) in the 2001-2004 financial crisis in Turkey, when 4 state owned banks were restructured; private banks went through a recapitalization process; 18 banks under the SDIF were resolved and 7 problem banks were intervened; and more than 150 regulations were issued to bring the Turkish Banking System in line with international standards.

Akçakoca is now advising various Central Banks and Banking Supervision Agencies on behalf of some International Financial Institutions on banking supervision and resolution related issues.

Chairman of the Supervisory Board, Independent Director

Oksana S. Markarova   Oksana Markarova obtained her first master degree in environmental science from Kyiv Mohyla Academy. She entered Indiana University (Bloomington/USA) and graduated with MPA degree in international public finance and trade while also attaining academic excellency and best international students awards.

During her study in 1996-1998 Oksana worked for International Fundation of Election Systems and for Chemonics Intl. Consulting company (Ukrainian agrarian commodity exchange project).

From 1998 through 1999 and from 2001 through 2003 Oksana worked as Economic Policy Advisor and External and corporate relations manager for Western NIS Enterprise Fund, $150 million private equity fund (now managed by Horizon Capital), and in 2000 interned in the World Bank headquarters in financial and banking group in ECA region.

Until her appointment she lead ITT Investment group as a President and CEO of the ITT-Invest, one of the leading Ukrainian investment houses.

Oksana Markarova is a member Kyiv Mohyla Academy Advisory Board, member of the Ukrainian Catholic University circle of friends and member of the international Young Presidents Organization. She is certified in securities trading, asset management and private pension fund board member.

In 2015 Oksana Markarova started a career in public sector. She served as Deputy Minister of Finance – Chief of Staff in March 2015- April 2016. On April 29 2016 she was appointed First Deputy Minister of Finance and on August 8 she was also appointed Government commissioner on investments.

Member of the Supervisory Boards of Oshadbank, Eximbank and Ukrgazbank since April 2015.

Member of the Supervisory Board, First Deputy Minister of Finance, Government Commissioner on Investments

Francis Malige   Francis Malige joined the Board of PrivatBank in December 2016, following the Bank’s nationalisation, as a non-executive Director

He is also the Managing Director for Eastern Europe and the Caucasus for the EBRD, based in Kyiv since 2014 and is responsible for leading the EBRD’s investments and policy initiatives in Ukraine, Belarus, Moldova, Armenia, Azerbaijan and Georgia. He plays a leading role in the reforms of the gas sector and the financial sectors of Ukraine.

Mr Malige joined the EBRD in February 2010 as a Director in the Financial Institutions team, where he successfully developed the Bank’s business in the Western Balkans, eastern Europe, Turkey and in the southern and eastern Mediterranean.

From 2004 to 2010 he was Managing Director for Corporate Development at BNP Paribas, focusing on bank acquisitions. He helped build BNP Paribas into the largest Euro area deposit bank through landmark acquisitions such as Fortis and BNL in Italy. His earlier career was in accounting and consulting, at Arthur Andersen and McKinsey & Company, where he served clients in industry, high tech and construction, as well as financial services.

Mr Malige is a graduate of ESCP Europe, a French business school. In addition to his native French, he is fluent in German, Italian and English.

Independent Director, Member of the Supervisory Board, Chairman of the Audit Committee

Steven Seelig   Mr Steven A. Seelig is a Principal and CEO of Financial Stability Associates, a consulting firm specialising in the spectrum of financial stability issues. Prior to establishing Financial Stability Associates, Mr Seelig served as Advisor in the Monetary and Capital Markets Department of the International Monetary Fund ('IMF') where he had primary responsibility for the financial sector restructuring and resolution activities of the department. Mr Seelig spent the bulk of his professional career at the Federal Deposit Insurance Corporation ('FDIC'), holding a broad range of positions, including Chief Financial Officer and Director of Divisional Liquidation.

Mr Seelig also worked as an Economist at the Federal Reserve Bank of New York and as an Associate Professor of Economics at Fordham University. Mr Seelig served as a member of the Board of Directors, chair of the risk management committee and member of the audit committee for the agency responsible for the restructuring of the banking sector in Ireland (2010-2013). NAMA was established as part of the governmental program to deal with its financial sector crisis. It manages €81 billion of troubled commercial real estate loans purchased from banks as part of the clean-up process. Its mandate is to manage these assets in a commercial manner to seek recoveries that will minimize the cost of the bank restructuring to the taxpayers.

Independent Director, Member of the Supervisory Board, Member of the Audit Committee, Member of the Corporate Governance, Remuneration and Nomination Committee

ArtemV. Shevalev   Artem Shevalev graduated from the Faculty of International Economic Relations at the Institute of International Relations of Taras Shevchenko National University of Kyiv, and later earned his Master’s degree in Business Management (Executive MBA) in one of the world's leading business schools - London Business School.

After short-term collaboration with the Secretariat of the Intergovernmental Commission on Ukraine's accession to the World Trade Organization, the International Department at the Research Institute of Information Technologies and the project development management team of "Global Ukraine" company while studying at the University of Kiev, Mr. Shevalev began his professional career as a diplomat at the Ministry of Foreign Affairs of Ukraine, first in the Asia Pacific, Middle East and Africa Department and later in the Department of International Organizations.

In 1998 he was sent on a business trip to the Embassy of Ukraine to the United Kingdom of Great Britain and Northern Ireland, and in 2002 started his work at the headquarters of the European Bank for Reconstruction and Development as an advisor to the Executive Director for Ukraine, Romania, Moldova, Georgia and Armenia. After the election of a new Board of Directors of the EBRD in 2005 Artem Shevalev started his cooperation with JSC "The State Export-Import Bank of Ukraine" and organized the opening of the representative office of "Ukreximbank" in London, where he worked as Head of Representative Office to mid-2011.

Since June 2011 he was nominated for the position of Alternate Board Director for Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro, Moldova at the European Bank for Reconstruction and Development in London.

During 2015-2016 Artem Shevalev served as Deputy Minister for European Integration.

Independent Director, Member of the Supervisory Board, Chairman of the Risk Committee, Member of the Corporate Governance, Remuneration and Nomination Committee

Sergiy Oleksiyenko   Mr Oleksiyenko is the Commissioner for strategic projects at Naftogaz of Ukraine. He joined Naftogaz in 2014, and was instrumental in the development of the key international financing projects for Naftogaz. Sergiy is a Ukrainian national, based in Kyiv.

Prior to that, Mr Oleksiyenko held various senior positions in investment banking and investment advisory businesses. Noticeably contributed to the development of investment banking franchise in Ukraine for Renaissance Capital. During his term, MergerMarket, influential international rating agency, recognized Renaissance Capital as the most experienced advisor in arranging the M&A deals in Ukraine. Joined Dragon Capital in 2002, shortly becoming a shareholder. Together with Dragon Capital team, organized and participated in the firm’s most prominent financing transactions. Facilitated the launch of one of the first international investment funds dedicated to Ukraine – Ukraine Investment Fund Limited (UIFL), managed by Accuro AM (Zurich, Switzerland). Was part of the team designing the fund’s investment strategy, which resulted in exponential asset value growth. Over his career, Mr Oleksiyenko completed over 25 major capital raising and merger & acquisition (M&A) transactions worth almost US$3 billion.

Mr Oleksiyenko is an expert in investment strategy, mergers and acquisitions, financing strategy, structured debt negotiations and business turnaround.

MA with honors from Tаras Shevchenko University of Kyiv, Institute of International Relations. Mr Oleksiyenko holds Chartered Financial Analyst (CFA) designation from CFA Institute.

Independent Director, Member of the Supervisory Board, Chairman of the Corporate Governance, Remuneration and Nomination Committee, Member of the Audit Committee, Member of the Risk Committee

Andrea Moneta   Mr Moneta is Senior Advisor Italy and Operating Partner Financial Services at the alternative investment management and private equity firm Apollo Global Management.

Previous experiences include the insurer Aviva (executive member of the Board and CEO of the EMEA Region), the banking Group UniCredit (Group CFO, CEO Private Banking and Asset Management Division, and CEO Central and Easter Europe Division), the European Central Bank (Head of Strategic Planning), and the consulting firm Accenture (Global Managing Director Financial Services).

Overall, Mr Moneta brings 25+ years of hands-on experience in domestic and international Financial Services, in both mature and emerging economies, having worked in management consultancy, central banking, retail, corporate and private banking, asset management, insurance and private equity.

In particular, Mr Moneta developed a significant knowledge of the CEE Region since 2000, in both banking (UniCredit and Apollo Global Management) and insurance (Aviva). Within banking, as Group CFO initially and as CEO of the CEE Division afterwards, he was instrumental to UniCredit’s expansion in the Region, which included the Baltics countries, Poland, Ukraine, Russia, Austria, Slovenia, Czech, Slovakia, Hungary, Croatia, Bosnia and Herzegovina, Serbia, Romania, Bulgaria, and Turkey. Under his leadership (till 2007), by organic growth and acquisitions (which included the merger with HVB and BA-CA), UniCredit CEE Division became the largest and one of the most innovative and profitable franchises in CEE.

As non-executive, Mr Moneta has held board and board committees’ positions in more than 35 listed privately owned companies across Western Europe, SEE, CEE, Russia, Turkey and the Middle East. In addition to PrivatBank Ukraine, currently Mr Moneta serves as Chairman in the insurance group Amissima (Italy, portfolio company of Apollo), non-executive director and Chairman of the Audit Committee in the banking group NKBM (Slovenia, portfolio company of Apollo), and Chairman in the insur-tech company The Floow (UK).

Finally, Mr. Moneta is business angel and strategic investor in fin-tech initiatives, namely in Epic SIM (private company, serving SMEs’ needs in DCM and ECM by a digital platform), in Springrowth SGR (closed end fund dedicated to SMEs performing credit), and in The Floow (private company, global provider of motor insurance telematics of new generation).

Independent Director, Member of the Supervisory Board

Corporate secretary

Regulations on the Corporate Secretary of PJSC KB "PRIVATBANK"

Corporate governance structure

Principles of corporate governance

The state realizes its rights as the owner of the Bank, and the Bank's management bodies act in accordance with the best world practices of the corporate governance, in particular, the OECD Guidelines on Corporate Governance of State-Owned Enterprises, Corporate governance principles for banks by Basel Committee on Banking Supervision, Guidelines on Internal Governance by European Banking Authority, which are applied in a volumes that does not contradict the imperative norms of the current legislation of Ukraine.

The Bank develops its own Corporate Governance Principles (The Code), which will be posted on the website after approval by the Bank's Sole Shareholder