Supervisory Board created in nationalized PIN bank

Supervisory Board created in nationalized PIN bank

Following the results of the competition, the supervisory board of First Investment Bank JSC, which was nationalized and transferred to the management of the State Property Fund, was elected.

This was announced on Telegram by the head of the State Property Fund Vitalii Koval, Ukrinform reports.

"The nationalized (sanctioned) PIN bank received independent members of the supervisory board. The corresponding open competition was held by the State Property Fund. Out of 18 applicants, the commission selected 3 best candidates," the statement said. 

According to Koval, the formation of a professional supervisory board through a transparent competitive mechanism will help to establish the effective work of the bank in the interests of the state and citizens.

 It is noted that the process of forming a supervisory board in the bank began immediately after the transfer of the institution in January 2024 to the management of the SPFU. 

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According to the head of the Fund, a meeting of shareholders of the bank will be held in early July, which must approve the elected members of such a board.

As reported, in February 2023, the Ministry of Justice of Ukraine filed a claim with the High Anti-Corruption Court to impose sanctions on a citizen of the Russian Federation, Yevgeny Giner, who is the beneficial owner of PIN Bank and the president of the Russian football club CSKA.

The 88.890583% stake in PIN Bank was re-registered to the state represented by the State Property Fund on January 17, 2024.

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