OREANDA-NEWS. October 19, 2009. The shareholders meeting of AS “PrivatBank” has elected the Council for the next term of office. The former members of the Council, Yuriy Pikush, Viktor Samarin and Yuriy Kandaurov, were elected as the members of the Council, and a new member of the Council, Timur Novikov, was elected. In turn, the Council of the Bank elected Yuriy Pikush as the Chairman of the Council, and Viktor Samarin as the Deputy Chairman of the Council, reported the press-centre of PrivatBank.

Timur Novikov has been acting as the Deputy Chairman of the Board and Head of the Investment Banking Department of AS “PrivatBank” parent bank, PJSC CB ”PRIVATBANK” (ПАО КБ “ПРИВАТБАНК”), Ukraine, since 1998. Timur Novikov does not own AS “PrivatBank” shares.

About the bank. AS "PrivatBank" (previously AS "Paritate Banka") was established in 1992 and today it is one of the Latvian oldest banks. As of 2002, the leading Ukrainian bank ZAO KB „PrivatBank” has become the major shareholder of AS "PrivatBank" holding 95.7% shares of AS "PrivatBank". AS "PrivatBank" is a universal commercial bank offering a wide range of banking services to individuals and legal entities including deposits, crediting, cash transactions, currency exchange, and other banking services. AS "PrivatBank" customers can receive quality service at more than 20 bank branches nationwide. As of 2004, AS "PrivatBank" has been acting in the Portuguese market, and since 2007, a representative office in Italy has been operating.