Information on the change of the owner of Credit Dnipro Bank

04 August 2020
On August 3, 2020, Brancroft Enterprises Limited, the sole shareholder of Credit Dnipro Bank, and Oleksandr Yaroslavsky, owner and president of DCH Group, entered into an agreement to dispose of 100% of the shares in the authorized capital of Credit Dnipro Bank. On July 30, 2020, O. Yaroslavsky received approval from the National Bank of Ukraine to directly acquire a significant stake in the amount of 100% of the shares in the authorized capital of the Joint-Stock Company Bank Credit Dnipro. As a result of concluding this agreement, Oleksandr Yaroslavsky becomes the ultimate beneficial owner of the financial institution.
 
The Supervisory Board of Credit Dnipro Bank has decided to terminate the powers and dismiss Olena Malynska, the Chairman of the Management Board, from the date of concluding the agreement on the alienation of 100% of the shares in the authorized capital of the financial institution.
 
The new shareholder appointed Serhiy Panov to the position of the Chairman of the Management Board of Credit Dnipro Bank on August 4, 2020, whose candidacy was approved by the National Bank of Ukraine.
 
Due to the change of owner, the powers of the current Supervisory Board of the financial institution are terminated. New members of the Supervisory Board will take office immediately after approval
 their candidacies by the National Bank of Ukraine.

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