Oschadbank was headed by a friend of Yatsenyuk’s no contest: the booming scandal

Ощадбанк возглавил друг Яценюка без конкурса: гремит скандал

The Supervisory Council of the state “Oschadbank” re-elected him Chairman Andrew Lush for another 5 years

Information about the extension of the contract for Lush in a financial institution stopped. The competition for the post decided not to, writes Columnist.

Andrew Lush, a close friend of the former Prime Minister Arseniy Yatsenyuk. They met in 1991 (together taught at Chernivtsi state University).

It was then that the politician and the banker became friends. Together with former Prime Minister and controversial MP Andriy Ivanchuk Lush worked in the firm “Yuri-Audit”. And in 2010, the banker for several years headed the party control Committee of the “Front Zmin” Arseniy Yatsenyuk.

In “Oshchadbank” Andrew Lush special achievements not noted. Despite the competitive advantages of the Bank (it is used for the payment of pensions, the monetization of subsidies) and special conditions (Deposit guarantee Fund only “Osado” insures the full amount of the Deposit 200 thousand UAH), financial institution there are a number of problems.

“Oschadbank” has the lowest ROE of 0.6% at the highest level of bad loans is 63%. For comparison, the return on equity of “Ukrgasbank” (also a state) in 2018 amounted to 13.5%, and “PrivatBank” – 46.5 per cent.

Clients of “Oschadbank” not happy with the service. Their Bank accounts attached to the card expiry date. And when that ends, customers are forced to open a new account, not link it to the new map.

This did not prevent the Supervisory Board without any competition to extend the contract with the Lush. By the way, only two of the eight members of the Council there are real gains in the financial sector. About the others, mostly foreigners, unknown. About their work there is no mention in the media and on the Internet nor in the home countries, nor in Ukraine.

The scandals of the Supervisory Board of the aliens has occurred with state-owned banks. So, the Chairman of the Supervisory Board of the “Ukreximbank” appointed well-known in narrow circles Thorsten Paul. The banker worked in the field of risk management in Volksbank and Deutsche Bank, and in 2017 he was Chairman of the Board of Directors of Bank RBK in Kazakhstan.

As stated in the media, Paul worked with the son of the fugitive Prime Minister Mykola Azarov Alexey and oligarch Sergey Kurchenko.

Led by the Austrian company GEOLOG Oil&Gas Trading GmbH (registered in Vienna at business Kurchenko and Azarov), which supplied fuel to German Sparschwein Gas refueling Sergey Kurchenko.

Ощадбанк возглавил друг Яценюка без конкурса: гремит скандал

Ощадбанк возглавил друг Яценюка без конкурса: гремит скандал

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