Ukrainian Alfa-Bank will change its name.

The Board of Alfa-Bank Ukraine wants to change the bank’s name not to be associated with the brand of the Russian sanctioned Alfa-Bank, stated Simeon Dyankov. He acts as a proxy with the right to vote on the shares of sanctioned shareholders of Alfa-Bank Ukraine. Dyankov noted that the decision to rename was made by the Ukrainian leadership of the bank, and to implement it in practice, you need decisions of the shareholders’ meeting, working state registers, and the relevant notarial acts. Currently, the bank is working on several names – which one will be chosen, the financial institution will announce later.