Photo from UNIAN
Pysaruk will continue to work as Chairman of the Board of Raiffeisen Bank Aval.
Kyiv-based Raiffeisen Bank Aval, Ukraine's largest bank with foreign capital in terms of assets, will pay UAH 5 million (US$206,271) in bail for its Board Chairman Oleksandr Pysaruk by decision of the High Anti-Corruption Court in the case of theft of a refinancing loan issued to VAB Bank.
"Raiffeisen Bank Aval informs that it will immediately take corresponding measures to provide the required bail according to the Court's decision," the bank's press service said on November 15.
At the same time, Pysaruk will continue his work as Chairman of the Board of Raiffeisen Bank Aval, it said.
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"We are confident that Mr. Pysaruk will be cleared of any suspicion of wrongdoing and that he has always adhered to the highest professional and ethical standards, both at Raiffeisen Bank Aval and for many years at the IMF and other international institutions," Martin Grüll, Chairman of the Supervisory Board of Raiffeisen Bank Aval, added.
As UNIAN reported earlier, the High Anti-Corruption Court of Ukraine, within the case of VAB Bank refinancing theft, set a UAH 5 million bail for Pysaruk, who served as first deputy governor of the National Bank of Ukraine (NBU) during VAB Bank's bankruptcy.
The National Anti-corruption Bureau of Ukraine accused Pysaruk of conspiracy with VAB Bank owners when issuing a stabilization loan to the bank. However, the defense says the prosecution is based on value judgments.