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MARKET NEWS 2018: January 02 – January 15

The Supervisory Board of PrivatBank on January 10, 2018 appointed Pyotr Krumkhanz to the post of Chairman of the Board, and submitted documents to the National Bank of Ukraine for approval. This is reported by the press office of PrivatBank.
Krummhansl was born in 1966 and graduated from Charles University in Prague with a Ph.D. in mathematics in 1990.
Krumkhzl’s career has been associated with such banks as the Czech Raiffeisenbank and the Ukrainian Raiffeisen Bank Aval.
His most recent work experience was related to China, where Krumkhzl was a member of the operational board of Home Credit Bank.
In July 2017 it was announced that the Supervisory Board of PrivatBank had selected the international recruiting company Amrop Executive Search Ukraine to search for candidates for the position of the Chairman of the Board of PrivatBank and its Deputy on Financial Issues.
Earlier it was reported that the candidacy of Krumkhzl was approved about three months ago, but it was not officially announced because of a legislative restriction that prohibits managers without a profile education to head banks. Now, with the entry into force of changes in the law on banks and banking activities, this obstacle has been overcome.

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