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Report: BTA Bank Ukraine names new management board chairman

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Report: BTA Bank Ukraine names new management board chairman

appointedValerii Prokhorenko chairman of its management board, Delo.ua reported April 29.

Prokhorenko,who served as the deputy head of the Ukrainian central bank between 2011 and 2013,replaced Konstantin Seregin. Prior to the appointment to the post of managementboard chairman, Prokhorenko worked as the chairman's adviser.

Deloalso noted that BTA BankJSC recently increased its holding in the Ukrainian unit to 89.99%from 49.99%. Prior to the transaction, Ukrainian citizen Andriy Levkovsky holda 50% stake in the lender through various companies, while 20 Kazakh citizenseach owned a stake below 1%.