Former U.S. Treasury advisor appointed chair of PrivatBank's Supervisory Board

Finance Minister Oksana Markarova reminded the renewed supervisory board of the need to prepare the bank for privatization by 2022.

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At its first meeting, the renewed PrivatBank Supervisory Board appointed Sharon Easky, former international advisor to U.S. Treasury’s Office of Technical Assistance and previously expert advisor to IMF, as its head.

The bank's press service says the new head of the supervisory board expressed readiness together with the bank’s management to continue further quality transformation of the financial institution.

In turn, Finance Minister Oksana Markarova recalled the need to prepare the bank for privatization by 2022.

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She noted that this ambitious goal is facing a new composition of the supervisory board.

"Our task is to make the work of the bank as accountable as possible to our owners, Ukrainian taxpayers, and the future privatization – as transparent and efficient as possible," Markarova said.

UNIAN memo. PrivatBank (Dnipro) has been operating in the Ukrainian market since 1992 and is the largest bank in terms of assets.

The bank has been owned by the state since December 2016.

On July 17, the Cabinet of Ministers of Ukraine approved the list of independent members of the PrivatBank Supervisory Board based on the results of the competitive selection.

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