PRAVEX BANK: Official Announcement on Chairman of the Management Board Resignation and new appointment

13.09.2019

Kyiv, September 12, 2019 – The Supervisory Board of PRAVEX BANK, a member of Intesa Sanpaolo, acknowledged the resignation of Mr. Taras Kyrychenko from the position of the Chairman of the Management Board starting from September, 30, 2019.

Mr. Gianluca Corrias, who currently holds the position of the First Deputy Chairman of the Management Board, is appointed for the position of the Chairman of the Management Board starting from October, 1, 2019 and will perform the duties of Acting Chairman of the Management Board until the official approval of the National Bank of Ukraine received.

PRAVEX BANK expresses its warm thanks to Mr.Taras Kyrychenko for the valuable contribution he has made to the Bank for 9 Years in PRAVEX BANK and numerous achievements and projects under his guidance and wish him outstanding accomplishments and all the best in the future.

PRAVEX BANK will continue to implement adopted Business Strategy of growth and development with the same stability and consistency as a part of Intesa Sanpaolo Group.

PRAVEX BANK is a member of Intesa Sanpaolo, a top banking group in the euro zone, which is the leader in Italy in all business areas and has selected presence worldwide. PRAVEX BANK is in the market since 1992 and has been serving Ukrainian customers for 25 years. The Bank provides the entire range of banking services to the retail, corporate and institutional customers. PRAVEX BANK became part of Intesa Sanpaolo in 2008.

Intesa Sanpaolo is among the top banking groups in the Eurozone and is the leader in Italy in all business areas. It is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 11.8 million customers through a network of over 3 900 branches in Italy with market shares no lower than 12% in most Italian regions.

The Group has a strategic international presence, with approximately 1,100 branches and 7.2 million customers, comprising subsidiaries operating in commercial banking in 12 countries in Central Eastern Europe and Middle Eastern and North African areas and an international network of specialists in support of corporate customers across 25 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Brazil, India and China.

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