The Management Board is an executive body of the Bank, which manages current activities of the Bank, being responsible for its effective performance in accordance with the principles and procedures established by internal documents of the Bank, decisions of the general Participants (Shareholders) Meeting and the Supervisory council of the Bank.

The total number of Management Board members is determined by the Supervisory Council of the Bank.

The Supervisory Council also appoints and dismisses the Chairman and members of the Management Board.

The Management Board makes every decision at its meetings.

The Management Board passes its decisions by a simple majority vote. Each Board member holds one vote.


The Management Board of the Bank has created the following collective bodies:

• Credit Council evaluates the quality of the Bank’s assets, prepares proposals on the formation of backup reserves to cover possible losses resulting from depreciation of the assets, and makes decisions on lending transactions, setting the relevant credit limits;
• Credit Committee;
• Assets and Liabilities Management Committee determines the cost of liabilities and profitability of assets, makes decisions as regards the interest margin policy and ensures correspondence between maturities of assets and liabilities;
• Pricing Committee analyses the proportion between the cost of services and market competitiveness of the current prices set by the Bank.

The committees are governed by appropriate internal regulations in their operation.


Contact information:

Reception of the Chairman of the Management Board if Ukrgasbank OJSB
e-mail: office@ukrgasbank.com