NBU appoints new Sense Bank CEO
The National Bank of Ukraine (NBU) has approved Oleksii Stupak as the new CEO of currently state-owned Sense Bank following a competitive selection process conducted by the bank's supervisory board, NBU announced on Feb. 19.
“The NBU has agreed to appoint Oleksiy Stupak as the CEO of Sense Bank,” the message said.
Stupak began his career at Pravex Bank in 2002, where he was responsible for working with corporate and VIP clients. From 2008, he held managerial positions at Credit Agricole Bank.
In June 2019, he joined Sense Bank's (then known as Alfa-Bank Ukraine) team as the director of corporate business and later became responsible for corporate investment, as well as small and medium-sized business sectors.
Former CEO of Sense Bank Dmytro Kuzmin resigned by mutual consent for personal reasons a few weeks after his appointment during the bank’s nationalization at the end of July 2023. Kuzmin's deputy, Olena Zubchenko, temporarily took over as acting CEO following the nationalization. She previously worked at the Finance Ministry.
The government is reportedly preparing to sell Sense Bank.
According to the NBU, as of Jan. 1, 2024, Sense Bank ranked 8th in assets (131.2 billion UAH, or $3.4 billion) among 63 active banks in Ukraine.
On July 22, 2023, the state purchased 100% of the shares of Sense Bank, formerly owned by sanctioned Russian oligarch Mikhail Fridman, for 1 UAH. Mikhail Fridman indirectly owned 32.86% of Sense Bank's shares.
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