Conducting day-to-day business the Bank's management adheres to corporate governance principles of honesty, openness, performance orientation, responsibility and accountability, commitment to the organization.
VAB Bank has developed and introduced the Code of Business Conduct and Ethics to build effective corporate governance in accordance with high international standards.
The Bank ensures the responsible, value-driven management and control of all business lines through the system of corporate governance, maintaining constructive relations with and equal treatment of all shareholders, effective collaboration between the Management Board and the Supervisory Board, transparent and timely reporting.
The Bank is managed through a multi-tier system of governing bodies comprised of:
— the General Meeting of Shareholders;
— the Supervisory Board;
— the Management Board.
To ensure the efficient management as well as control over the Bank's business lines, the Supervisory Board of the Bank maintains the following committees:
— Assets and Liabilities Management Committee (ALCO)
Olena Domuz, Head of Risk Management Department - Chairperson of the Committee
Tatiana Landina, Deputy Chairman, Chief Financial Officer
Lukas Tursa, Deputy Chairman, Head of Treasury and Financial Institutions
Yuriy Klimov, Deputy Chairman, Head of Corporate Business
Tsvetan Petrinin, Deputy Chairman, Head of Retail Business and Distribution
Iryna Bilay, Head of Credit Operations Department
Viktoriya Sukhonos, Head of Financial Planning and Analysis Division
Lischuk Vitalii, Head of Market and Liquidity Risks Division
— Credit Committee
Olena Domuz, Head of Risk Management Department – Chairperson of the Committee
Yuriy Klimov, Deputy Chairman, Head of Corporate Business
Tsvetan Petrinin, Deputy Chairman, Head of Retail Business and Distribution
Iryna Bilay, Head of Credit Operations Department
Andriy Kovalevskiy, Head of Legal Department
Valerii Korelov, Head of Security Department
— Tariffs Committee
Zhanna Makeyenko, First Deputy Chairman – Chairperson of the Committee
Tatiana Landina, Deputy Chairman, Chief Financial Officer
Yuriy Klimov, Deputy Chairman, Head of Corporate Business
Mykola Miroshnik, Sales Director, Regional Distribution Department
Anatoliy Nochvay, Head of Retail Sales and Network Coordination Department
Oleksiy Morozov, Deputy Head of Security Department, Head of Economic Security Division
Viktoriya Sukhonos, Head of Financial Planning and Analysis Division
— Tender Committee
Zhanna Makeyenko, First Deputy Chairman – Chairperson of the Committee
Tatiana Landina, Deputy Chairman, Chief Financial Officer
Nataliya Shelko, Deputy Chairman, Chief Operations Officer
Elena Voloboyeva, Administrative Director
Ivan Dovbyschuk, Deputy Head of Security Department, Head of Bank Security Division
Oleksiy Subotin, Chief Financial Officer of VAB Insurance, with the right of an advisory vote
