Rushan Khvesyuk appointed to the Supervisory Board of Alfa-Bank (Ukraine)

On April 1, 2010, a meeting of the shareholders of Alfa-Bank (Ukraine) changed the composition of the Bank’s Supervisory Board.

Rushan Khvesyuk was appointed to the Supervisory Board of Alfa-Bank (Ukraine). Thus, the Supervisory Board of the Bank was expanded from five to six members.

Rushan Khvesyuk is a Member of the Board of Directors and Chairman of the Executive Board of Alfa-Bank (Russia).

On November 30, 2009, a meeting of the shareholders of Alfa-Bank (Ukraine) made a decision to increase the Bank’s authorized capital by private placement of ordinary registered shares. Alfa-Bank (Russia) became new shareholder of Alfa-Bank (Ukraine) by acquiring 19.9% of shares. Therefore, it was decided to appoint Rushan Khvesyuk, a representative of the top management of Alfa-Bank (Russia), to the Supervisory Board of Alfa-Bank (Ukraine).

Mr. Alexander Lukanov, President and Managing Director of Alfa-Bank (Ukraine), said: “We always actively collaborated with our Russian colleagues. I believe that Mr. Khvesyuk’s skills and experience, as well as use of innovative technologies of the Russian bank, will help to widen our cooperation and promote further development of Alfa-Bank in Ukraine”.

Rushan Khvesyuk graduated from Moscow State Academy of Law in 1994 and was employed with Alfa-Bank since 1994. In 1995-2002 he was head of the Legal Department. Since 2002 Mr.Khvesyuk served as Chairman of the Executive Board of the Bank. Since 2006 -- a Member of the Board of Directors. Before, Mr. Khvesyuk worked in law firm “Legist” during 1991-1994, in the Ministry of Justice of the USSR in 1991, in the Department of Justice in Moscow region during 1989-1991, and in the Military Court during 1986-1987. Since 2004 he served as a Member of the Board of the Russian Banks Association, and a Member of Advisory Board of the Association of Regional Banks of Russia (“Russia” Association). Since 2002 Mr. Khvesyuk was a Member of Coordination Council of the Russian Lawyers’ Association.

Alfa-Bank Ukraine (Alfa-Bank PJSC) is a universal commercial bank that is part of Alfa Group Consortium. The Bank holds leading positions in all segments of the Ukrainian banking sector. According to the National Bank of Ukraine statistics, the Bank is in TOP10 banks in terms of total assets and is among leaders in terms of customer accounts of legal entities and growth rate of retail customer accounts as at the end of 2009.

Investor Relations