Ukrgasbank Appoints Former Deputy Finance Minister as New CEO
Artem Shevalev, a former deputy finance minister, has been appointed CEO of the state-owned Ukrgasbank, pending the central bank’s approval. His appointment ends over three years of interim leadership, with Volodymyr Ponomariov serving as acting CEO.
On Monday, Ukrgasbank announced the appointment of Artem Shevalev as its new chief executive officer (CEO). The Ukrainian deputy finance minister, who previously served on the European Bank for Reconstruction and Development's board since 2011, will be the bank's first permanent leader in over three years. Shevalev's appointment is awaiting final approval and review by the National Bank of Ukraine (NBU).
Ukrgasbank, which specializes in corporate clients and SME lending, currently holds an eighth place position in the country's banking sector by capital, as per NBU data from January 1, 2026. The bank reported a net profit after tax of Hr.4.87 billion ($15 million) for 2025.
Shevalev, who previously served as deputy finance minister for European integration from 2015 to 2016, was also a member of PrivatBank's supervisory board since late 2016. He took over as the acting CEO of Ukrgasbank in late 2023, succeeding the bank's first deputy chairman and CFO, Volodymyr Ponomariov. Rodion Morozov has been serving as Ukrgasbank's interim CEO since October 3, 2023, until Shevalev's official appointment.
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