On December 8th 2020, the Supervisory Board approved a new structure of PrivatBank’s Management Board, providing for the highest executive body of the bank to consist of seven positions, namely:

• Chairperson of the Management Board,
• Deputy Chairperson of the Management Board for Finance,
• Deputy Chairperson of the Management Board for Problem Assets Management,
• Deputy Chairperson of the Management Board for Operational Affairs,
• Deputy Chairperson of the Management Board for Business Development,
• Member of the Management Board for Risk Management,
• Member of the Management Board for Network and Problem Debt.

According to the bank's press service, the new structure of PrivatBank’s Management Board will ensure the optimal composition of the executive body necessary for the management of the bank and the successful implementation of its strategy.

The information technology development unit reports to the Deputy Chairperson of the Management Board for Operational Affairs. The Deputy Chairperson of the Management Board for Business Development will be responsible for the synergy between the development of customer service for individuals and legal entities, which together make up almost half of the population of Ukraine.

The new structure of PrivatBank’s Management Board comes into force from the 8th of December 2020