Currency	Purchase	Sale
EUR UAH	43.2	44.2
USD UAH	41	41.6
PLN UAH	9.95	10.1

Currency	Purchase	Sale
EUR UAH	43.3	44.0529
USD UAH	41.1	41.6667
PLN UAH	9.97	10.2459

Currency	For UAH
EUR UAH	43.5635
USD UAH	41.2533
PLN UAH	10.0583

Metals	Weight, g	UAH/1 g
XAU Gold	1	4 810.00
XAU Gold	100	3 900.00

Currency	Purchase	Sale
PLN UAH	9.97	10.2459
GBP UAH	51.97	52.6316

Corporate Governance

Shareholder of the Bank

The State represented by the Cabinet of Ministers of Ukraine is the Sole Shareholder of the Bank owning 100% of the Bank’s shares

Corporate Governance Organizational Chart

Supervisory Board

Members of the Board

Nils Melngailis

Chairman of the Supervisory Board (independent member)

Mr. Melngailis has substantial and diverse banking sector experience in management positions and as a senior advisor in several European countries. He has led complex bank and system-wide transformation projects, especially in the field of restructuring of bank assets and fundraising. He has served as an independent director of a number of financial institutions, including as Chairman of the Supervisory Board in one of the leading banks in the Baltic region.

Artem Shevalov

Deputy Chairman of the Supervisory Board (representative of the State from the Cabinet of Ministers of Ukraine). Member of the Transformation Committee

Mr. Shevalev has experience working in an international public banking environment at the intersection of the private and public sectors. He is a member of EBRD Board of Directors, deputy executive director of EBRD (Switzerland, Ukraine, Serbia, Montenegro, Lichtenstein, Uzbekistan, Turkmenistan). He was at the origin of the public banking sector reform in Ukraine and among the key ideologists and authors of the Fundamentals of the Public Banking Sector Reform (2016).

Zbigniew Jagiello

Member of the Supervisory Board (independent member). Member of Audit Committee, Member of Corporate Governance, Remuneration and Nomination Committee

Mr. Jagiello, one of the most respected managers in Poland, for more than ten years, headed PKO Bank Poland - the largest banking group in Poland and CEE - which was transformed from a traditional bank (under State control) into a dynamic fintech. Earlier, for many years connected with the capital market (among others Pioneer Investment - the largest asset manager in Poland).

Nadir Shaikh

Member of the Supervisory Board (independent member). Chairman of Audit Committee, member of Risk Committee, member of Corporate Governance, Remuneration and Nomination Committee

Mr. Shaikh has extensive experience in banking (39 years of experience at Citigroup in 7 countries, including six years of experience at Citibank Ukraine), successfully implementing transformation, corporate governance, crisis management, and achieving growth in challenging and unstable environments.

Mihai Ionescu

Member of the Supervisory Board (independent member). Chairman of the Transformation Committee, member of Audit Committee, member of Risk Committee

Mr. Ionescu has more than 20 years of experience in investment banking and senior management in global investment banks such as Deutsche Bank and Credit Suisse as well as deep exposure to the banking sector in Central and Eastern Europe through his work at Raiffeisen Bank. Most recently, Mr. Ionescu served as Head of DB Romania, where he was also the Chairperson of DB Global Technology. Mr. Ionescu successfully completed landmark transactions such as the privatization of Banca Agricola with Raiffeisen Bank, IPO of BRD Societe Generale, the acquisition of Finansbank by the National Bank of Greece. He oversaw NPL acquisitions in Romania of c. €3.3bn which resulted in a significant reduction of the banking sector non-performing loan exposure. Mr. Ionescu holds an MBA (honors) from the Wharton School, studied Economics at The University of Oxford, St. Antony’s College, and completed the Public Leadership Credential at the Harvard Kennedy School.

Federico Russo

Member of the Supervisory Board (independent member). Chairman of Risk Committee, member of Audit Committee, member of the Transformation Committee

Mr. Russo has more than 38 years of experience in the banking sector with UniCredit Group in 4 Countries, including 11 years of work experience in the Ukrainian market with the successful implementation of transformation projects and bank management in crisis and post-crisis periods.

Volodymyr Lytvyn

Member of the Supervisory Board (independent member). Chairman of Corporate Governance, Remuneration and Nomination Committee, member of Risk Committee, member of the Transformation Committee

Mr. Lytvyn has comprehensive management experience (about 20 years) in the banking, State, and government sectors, with expertise in banking and international finance and experience in establishing effective cooperation with international financial organizations and implementing reforms in the banking and financial sectors.

Yuliia Metsher

Member of the Supervisory Board (representative of the State from the President of Ukraine). Member of Risk Committee, member of Corporate Governance, Remuneration and Nomination Committee, member of the Transformation Committee

Ms. Metsher has over 20 years of legal experience, of which 15 years in the State-owned JSC Ukreximbank, also at managerial positions. She, inter alia, has gained practical experience in joint-stock company reorganization, dispute resolution with banks and corporate dispute resolution.

Sergiy Oleksiyenko

Member of the Supervisory Board ( representative of the State from the Parliamentary committee for the financial,tax and customs policy). Member of Risk Committee, member of Corporate Governance, Remuneration and Nomination Committee, member of the Transformation Committee

Mr. Oleksiyenko has more than 20 years of experience at managerial positions at leading investment companies in Ukraine. He organized a series of M&A and capital raising transactions by Ukrainian companies valued at more than US$3 billion in total. Mr. Oleksiyenko has significant experience in the structuring of complex transactions at the capital market of Ukraine. During 2014 - 2020 he was a part of the Naftogaz team and successfully implemented several strategic projects for the group. Mr. Oleksiyenko has considerable practical experience in profound transformation and enhancing companies’ transparency.

Gerhard Boesch

Chairperson of the Management Board

With nearly 40 years of experience in the banking industry Gerhard Boesch is a recognized leader and seasoned banker with a strategic approach to management. Mr. Boesch began his career in Austria in 1986 as an economic researcher, subsequently progressing through key positions in the banking sector, including leadership roles in treasury, commercial banking, and trading.

During 2004–2006, he led the global treasury and markets department at Raiffeisen Zentralbank. In 2006, he entered the Ukrainian market as Deputy Chairman of the Board at Raiffeisen Bank Aval, later promoted to First Deputy Chairman in 2010.

Since 2021, serving as the Chairman of the Board at PrivatBank, Gerhard Boesch continues to shape the financial landscape and provide leadership to Ukraine's largest and most trusted state-owned bank, serving over 18 million clients. A graduate of the University of Vienna with a Master's degree in Social and Economic Sciences, Mr. Boesch combines theoretical knowledge with practical experience.

Anton Razumnyi

Member of the Management Board (Chief Compliance Officer)

Accomplished leader in the banking industry, with over 20 years of experience in senior executive roles in Ukrainian banks and international financial groups, including the BNP Paribas Group. Possesses expertise in compliance, risk management, anti-money laundering, operational activities, sales, real estate, analytics, and retail sales. Holds a Bachelor's degree in Economics from Kharkiv National Economic University.

Joined PrivatBank in 2019. Since 2020, has held the position of Chief Compliance Officer, and in November 2022, was appointed a Member of the Board responsible for compliance matters.

Mariusz Kaczmarek

Deputy Chairperson of the Management Board (Chief Operations Officer)

IT and Operations Manager with 28 years of international experience, having an expertise in designing target IT architecture and implementing effective, cost-efficient, and high-performing solutions in the banking sector. Skilled in managing people and banking activities in a dynamic and results-oriented manner.

Mr. Kaczmarek joined PrivatBank, the largest state-owned retail bank in Ukraine, in 2019. In 2022, he played a key leadership role for a team of 600 experts during a critical project involving the migration of all IT systems to the cloud within 45 days during wartime.

Ievgen Zaigraiev

Member of the Management Board (Chief Corporate and SME Business Officer)

A banker with 22 years of professional experience, out of which 20 years on managerial level, having a background in creating and developing an efficient sales and service business lines for the corporate customers, SMEs, micro customers and private entrepreneurs in subsidiaries of international banking groups in Ukraine: ProCredit Holding, Eurobank and PKO Bank Polski.

He has been working at PrivatBank since 2020 and was appointed as a Member of the Management Board for Small and Medium Business in 2022. Holds responsibility for corporate customers and SMEs, leasing, agri segment and for the merchant acquiring.

Holder of a Master's degree in Banking and diplomas from ALBA Graduate Business School (Athens) and Executive MBA from Kyiv-Mohyla Business School.

Dmytro Musiyenko

Member of the Management Board (Chief Retail Business Officer)

Skilled leader in the banking industry with 29 years of experience in senior positions in Ukrainian banks and international financial groups, such as Societe Generale, Piraeus Bank Group, BNP Paribas Group.

He has been working at PrivatBank since 2020. Since September 2022, he has held the position of a Member of the Board, responsible for retail business. Additionally, Mr. Musiyenko is responsible for managing the Bank's regional network, which includes 12 Macroregional Offices with nearly 1200 branches.

He holds a Master's degree in Business Administration (MBA, Kyiv-Mohyla Business School), a specialist diploma in organizational management (National University "Kyiv-Mohyla Academy"), and a specialist diploma in "Economics and Management in Trade and Public Catering" (Lviv Trade and Economic Institute).

Solvita Deglava

Member of the Management Board (Chief Restructuring and Recovery Officer)

More than 20 years experience and expertise in non-performing loans management and work-out, financial management, strategic planning, and business process optimization in the banking industry. Over the years she held senior executive roles (or Chief Executive Officer, Chief Restructuring and Recovery Officer, Chief Financial Officer roles) at Luminor Bank, Industra Bank, and Reverta (formerly Parex Banka), demonstrating skills in leading the teams, managing and leading non-performing loans, legal and finance divisions, creating and implementing strategies aimed at enhancing financial stability and optimizing banking processes.

Her educational background includes a bachelor's degree in economics from the University of Latvia and a diploma in banking management from the Latvian Banking College.

Until 2019, she was Fellow of the Association of Chartered Certified Accountants.

In 2023, she was appointed as a Member of the Board responsible for restructuring and recovery of non-performing and toxic assets.

Larysa Chernyshova

Deputy Chairperson of the Management Board (Chief Finance Officer)

An experienced expert with over 28 years of experience working in various managerial positions in the financial sector. Her journey began in 1995 when she entered the banking sector and started her career at JSC "Ukrsotsbank."

She honed her skills and grew as an expert in risk management within international banking groups such as Bank Austria Creditanstalt and HVB, working in group subsidiaries in Ukraine from 2000 to 2007.

Later, she held positions as Deputy Chairman of the Board for Risk Management at JSC "Svedbank" and JSC "KREDO AGRICOLE BANK KIB". In 2012, Larysa joined the UniCredit group in Ukraine and worked as CEO at LLC "UniCreditLeasing."

Since 2018, Larysa has successfully served as a Member of the Management Board responsible for risk management (CRO) at JSC "PrivatBank."

Larysa is a graduate of the Kyiv State Economic University and holds an MBA degree from the International Management Institute IMI in Kyiv, highlighting her high level of qualifications and readiness to tackle challenges in the financial sector.

Corporate Governance Principles

The State shall exercise its rights as the Bank’s owner, and the Bank management bodies shall act in keeping with the world’s best corporate governance practices, including OECD Guidelines on Corporate Governance of State-Owned Enterprises, Corporate governance principles for banks by Basel Committee on Banking Supervision and Guidelines on Internal Governance by European Banking Authority, which shall be implemented in the scope allowed by the imperative provisions of the applicable laws of Ukraine.

Corporate Governance Principles are set out in the Corporate Governance Code, which is published on the website.

Governing bodies:

General Meeting of Shareholders (the supreme governing body of the Bank).
Supervisory Board of the Bank is elected by the general meeting of shareholders from shareholders or their representatives.
Management Board of the Bank is an executive body of the Bank, which supervises its current activity.

Controlling bodies:

Audit Committee oversees the financial and economic activities of the Bank's branches and representative offices.
Internal audit service is an independent structural division of the Bank, which is the body of operational control of the Supervisory Board.

Instruments of incorporation and bylaws

Statute

Link

Loan Policy Regulations of JSC CB “PRIVATBANK” approved by the Supervisory Board of March 18, 2019

Link

Code of Corporate Governance

Link

Relationship Framework between The Cabinet of Ministers of Ukraine and JSC CB PRIVATBANK

Link

REMUNERATION POLICY of Joint-Stock Company Commercial Bank “PrivatBank”

Link

Financial discipline

Bank's activities are subject to review by audit firms authorized in accordance with the law to carry out such inspections. Financial statements, which are submitted to the NBU, are annually reviewed by the auditor, which has been certified by the NBU to audit banking institutions.

Bank relationships with local governance and controlling authorities, law enforcement and tax authorities are carried out in accordance with the current legislation of Ukraine.

Integrity

In its activities, the Bank takes into account the interests and contributes to the prevention of conflicts between stakeholders: shareholders, directors, investors, staff and clients of the bank, as well as dialogue and open discussion between the Management Board and the Supervisory Board of the bank.

The organizational structure of the Bank includes all necessary forms of control to build an effective and coherent mechanism: by shareholders, the Supervisory Board, the Management Board and the Audit Committee, the Internal Audit Service over the various activities of the Bank. Separation of powers, competences and subordination of governing bodies, as well as the principles of their cooperation, are enshrined in the Articles of Association of the Bank and the regulations on the governing bodies.

More detailed information about the basics of the activities of Bank governing bodies can be found on the website n the chapters dedicated to relevant bodies.

In their work, members of the Bank's governing bodies try to avoid conflicts of interest.

In the event of a potential conflict of interest, presence of economic or financial interest in the transaction, directors of the Bank shall promptly notify the Supervisory Board.

Decisions regarding transactions with related parties are the responsibility of the Supervisory Board of the Bank, which ensures market conditions for such operations.

Bank operates in accordance with the highest standards of professional conduct, which are enshrined in the Code of Conduct, which is available on the website.

Time and order of payment of dividends are defined in the Statute of JSC CB "PRIVATBANK"

Bank's income is derived from proceeds from banking activities after coverage of interest, tangible and similar costs, labour costs, as well as payment of taxes envisaged by the legislation of Ukraine, and other payments to the budget. Net income received after the mentioned settlement is in full possession of the Bank.

The order of distribution of the net profit and loss is determined by the highest body of the Bank in accordance with its Articles of Association and the applicable laws of Ukraine.

Dividends are paid to shareholders from net profit of the Bank in proportion to the total number of shares they hold. Dividends are paid from the net profit in the reporting year and / or retained earnings in the amount established by resolution of the General Meeting of the Bank, within a period not exceeding six months from the resolution on payment of dividends adopted by the General Meeting of the Bank.

For each payment of dividends the Supervisory Board of the Bank sets the date when the list of persons entitled to receive dividends will be formed, the procedure and terms of such dividends’ payment. Date when the list of persons entitled to receive dividends is prepared shall not precede the date of the resolution on payment of dividends. The list of persons entitled to receive dividends shall be made in accordance with the laws on the depository system of Ukraine.

Bank shall notify the persons entitled to receive dividends of the date, the amount, procedure and terms of payment by sending simple letters by post. Within 10 days after decision on payment of dividends, the Bank shall notify the stock exchanges, where the Bank is registered, of the date, the amount and terms of paying dividends.

In the event the shareholder disposes of his shares in the shareholder after the date of preparation of the list of persons entitled to receive dividends, but before the date of the payment of dividends, the right to receive dividends shall be retained by the person specified in this list.

Information disclosure

In compliance with the laws in force, PrivatBank guarantees the confidentiality of information related to operations, accounts, and deposits of its clients and correspondents. All bank officers must protect bank confidentiality.

PrivatBank publishes its quarterly balance sheets and profit and loss statement on the official web-site within the month following the accounting quarter.

PrivatBank publishes its audited annual financial statements on its official web-site no later than 1st of June of the year following the accounting year.

PrivatBank’s accounting year begins on the 1st of January and ends on the 31st of December.Comprehensive information sources about activities carried out by PrivatBank are available on its web-site and via annual financial statements. Other information on our web-site:

Annual reports