About The Owner: Oleg Balanda
To Whom It May Concern
Oleg Balanda is the shareholder of the PJSC “BANK SICH” (his share is 55.6150%) since 2011. The Bank’s authorized capital is UAH 200,090,000.00 (equal to EUR 7,581,000.00). Since 2011, Mr. Balanda held the office of the member and Head of the Supervisory Board of the Bank. Despite the fact that BANK SICH is operating in an unstable environment caused by the deep economic crisis, political turbulence, and armed conflict in the eastern part of Ukraine, with the efforts, high standard of professionalism and considered actions of the Board, the Bank is rapidly developing in the Ukrainian market, successfully undergoes regular audits by the National Bank of Ukraine and operates in accordance with all banking regulations of Ukraine; the Bank’s departments and branches operate almost in all districts of Ukraine. Oleg Balanda holds UAH, EUR, and USD current and card accounts in the Bank. Account activity is regularly audited for risk management, finance intelligence, currency controls, and independence audit.
Currently, some negative information about his business partner, Mr. Valeriy Razdorozhnyy (whose participatory interest in the PJSC “BANK SICH” is 31.0160%), is posed in the Russian publicity.
In this connection, please be advised that any complaints or conflicts between Mr. Razdorozhnyy and National Bank of Ukraine with the Ukrainian government, operating within the American legal framework and compliance, are not available. He submits his tax return and pays tax on a timely basis. At the time being, there are no criminal and civil suits and proceedings.
Since March 2005, Valeriy Razdorozhnyy held the office of Director of the Moscow branch of the National Joint-Stock Company “Naftogaz of Ukraine”. Holding this office, he actively worked for and defended interests of Ukraine.
Since 2008, Mr. Balanda and Mr. Razdorozhnyy held the significant share in the Limited Liability Company “Commercial Bank “NEW TIME”. In 2013, they both sold their above participatory interest. Within this period, the Bank “NEW TIME” operated totally within the legal framework of the Russian Federation and, therefore, did not raise any complains or claims against Valeriy Razdorozhnyy and Oleg Balanda. Having sold his participatory interest in the LLC “Commercial Bank “NEW TIME” in 2013, Mr. Razdorozhnyy did not make any business or commercial activity in the Russian Federation any longer.
Recently, “Naftogaz of Ukraine” has won USD 3 billion litigation from the Russian “Gazprom”. All this is the political answer of the Russian Federation to the activity and political position of Mr. Razdorozhnyy and Mr. Balanda who are the true patriots of their motherland.
Valeriy Razdorozhnyy is the sponsor of the “Poltava Community” and sponsored Ukrainian cultural events in Moscow.
Accounting all the above, any negative information in the Russian publicity about Valeriy Razdorozhnyy, a partner of Oleg Balanda, is of the political origin related to the armed conflict between the Russian Federation and Ukraine and is not reasoned anyhow.