Sense Bank chair resigns

15 August, 12:00 AM
Sense Bank (Photo:sensebank)

Sense Bank (Photo:sensebank)

The chairman of the board of recently nationalized Sense Bank, Dmytro Kuzmin, has resigned by mutual agreement for personal reasons, the bank said in a message on its website on Aug. 14.

Deputy chairman Olena Zubchenko has become acting chairman, in order to ensure the bank continues to operate smoothly, in collaboration with its supervisory board. Sense Bank stated that the supervisory board will shortly begin the process of selecting and appointing a new permanent chairman of the board.

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Meanwhile, the bank noted that it continues to operate normally and provide financial services to its clients.

On July 20, the National Bank of Ukraine (NBU) decided to withdraw the systemically important Sense Bank from the market and appealed to the Cabinet of Ministers to consider nationalizing the bank. Ukrainian President Volodymyr Zelenskyy later asked the cabinet to support the central bank's decision on Sense Bank.

On July 22, the government bought 100% of Sense Bank's (formerly Alfa Bank Ukraine) shares for UAH 1 from Russian oligarch Mikhail Fridman who was under sanctions. Dmytro Kuzmin, the former head of Universal Bank's board, was subsequently appointed as the new chair.

On July 24, the Finance Ministry formed a new board for the nationalized Sense Bank. The new board members included Olena Zubchenko, Oleksiy Shklyaruk, Inna Tyutyun, and Andriy Sokolov. Zubchenko previously headed the ministerial Financial Policy Department

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