The amount of remuneration to members of the Supervisory Board and Management Board of state-owned PrivatBank (Kyiv) in January-June this year increased by 26.4%, or UAH 24 million, compared to the same period last year, to UAH 115 million, according to the bank’s quarterly report.
According to the report, remuneration to members of the supervisory board and management board of the financial institution included salaries, pension fund contributions, and other short-term payments.
As reported, three state-owned banks, which are among the top five in terms of assets in the country, significantly reduced remuneration for the performance of job functions to members of the supervisory board last year, in particular: PrivatBank – by 38.8%, Oschadbank – by 32%, and Ukreximbank – by 45.8%.
Last year, PrivatBank paid UAH 51.6 million to six independent members of the Supervisory Board and three state representatives, while in 2022 it paid UAH 84.3 million. As for the remuneration of board members, Privat increased it by 1.9% to UAH 78.9 million in 2023.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
