Alfa-Bank’s (Ukraine) Supervisory Board offers Alfa-Bank (Ukraine) shareholders to direct 90% of net profit for 2021, or UAH 2 billion 987.21 million, to cover losses of previous years.
According to the agenda of the annual meeting of shareholders, which is scheduled to be held remotely on September 30, it is planned to send the remaining 10% of net profit or UAH 331.91 million to the reserve fund, and not pay dividends.
In addition, the meeting plans to approve the supervisory board of Alfa-Bank, consisting of six people, while before the war, at an extraordinary meeting in January this year, the supervisory board was expanded from 10 to 12 people.
At present, out of the 12 members elected by the then meeting in the Supervisory Board, according to information on the website, exactly half remained, of which three independent directors are Yevhen Davidovich, Volodymyr Zhmak and Viktor Lysenko and three representatives of ABH Ukraine are Roman Shpek (Head of the Supervisory Board), Andrew Baxter and David Mark Brown.
Since January, for various reasons, the Supervisory Board has left the representative of ABH Ukraine Petr Aven, Ilyadr Karimov, Vladimir Voeikov and independent directors Ernest Galiev, Adnan Anachali and Elena Volskaya.
According to the bank, its largest shareholders at the moment indirectly are Andrey Kosogov (40.9614%, after the war he received packages of German Khan and Alexei Kuzmichev, who fell under the sanctions in the amount of 20.9659% and 16.3239%, respectively), Mikhail Fridman (32.8632%), Petr Aven (12.4018%), UniCredit S.p.A. (Italy, 9.9%), Mark Foundation for Cancer Research (3.8736%). Ex-Finance Minister of Bulgaria Simeon Dyankov, who in mid-April, in agreement with the National Bank, was given the right to vote on the majority stake in Alfa-Bank, is a trustee of the NBU on the stakes of Kosogov and those sanctioned by Fridman and Aven.
Alfa-Bank (Ukraine), according to the NBU, as of July 1, 2022, ranked 7th (UAH 104.03 billion) in terms of total assets among 68 banks operating in the country. The bank’s net loss, according to the National Bank, for January-June this year amounted to UAH 2 billion 348.5 million.
Last year, Alfa-Bank (Ukraine) increased its net profit to UAH 3 billion 319.12 million from UAH 1 billion 154.79 million a year earlier.
