On December 27, 2016, Vasyl Stelmakh was appointed head of the Office for the
Administration of International Financial Cooperation Projects at the Ministry
of Finance. Minister of Finance Oleksandr Danyliuk introduced the new manager to the team of the state
institution “Office for the Administration of International Financial
Cooperation Projects” which was created in 2015 to ensure the effective
implementation of investment projects as well as international financial and
technical assistance projects in priority areas.
“I have the honor to officially
introduce Vasyl Stelmakh
who started his work in his new position on December 27. He is a professional
with a significant experience in the banking sector. I hope that his experience
will be used effectively and it will be done fast”, O. Danyliuk
stressed in his greeting speech that the main focus of his work will be support
to the German-Ukrainian Fund and that the Office will be making efforts to
engage new partners and projects.
Mr. Stelmakh studied at the
National Economic University in Kyiv named after V. Hetman where he received a
master degree in banking in 2008.
Starting from 2006 Vasyl Stelmakh worked at Ukrainian banks with international capital:
Raiffeisen Bank Aval
(Austrian banking group Raiffeisen International) –
from September 2006 till April 2008, and Piraeus Bank MCB (Greek banking group
Piraeus Bank S.A.) – from May 2008 till December 2016.
His key area of responsibility in his banking career was the
loan supply of small and medium-sized businesses as well as – starting from
2009 – corporate customers (including – starting from 2011 – big agricultural
companies). His first area of responsibility was risk-management in loan supply;
from May 2015 till December 2016 Vasyl Stelmakh worked as the head of the department for service
to big corporate accounts where he was in charge for the management of the
loans provided to the corporate accounts of the Piraeus Bank. Mr. Stelmakh was also a member of the credit committee at the
In 2013 Vasyl Stelmakh
received the degree “CIMA Advanced Diploma in Management Accounting” from the
British professional association Chartered Institute of Management Accountants.
He also completed the training program “Credit Academy of the Piraeus Bank
group” established by the British education provider DC Gardner (now: Euromoney Learning Solutions) and conducted in Athens in
experience in management covers the period since 2010.
Mr. Stelmakh is fluent in English.
- state institution “Office for the Administration of
International Financial Cooperation Projects” (DU “OFIS APMFS”) was created
according to the order of the Ministry of Finance of Ukraine No. 1114 dated
December 3, 2015;
- “OFIS APMFS” implements projects and programs related to
international financial cooperation approved by the bodies of executive power
in line with international and government agreements; it also implements
agreements and accompanies financial and technical assistance projects in
priority areas and sectors (including those supported by international
financial organizations) aimed to develop and to strengthen the financial
system and economy of Ukraine as well as to support small and medium-sized
business in Ukraine and to provide services in investment consulting and asset
- “OFIS APMFS” manages the funds of the German-Ukrainian
Fund (GUF) – a non-banking financial institution founded in 1999 with the aim to
support the development of micro-, small and medium-sized businesses by
granting them loans via Ukrainian banks. The GUF participants are the National
Bank of Ukraine (31.3%), Ministry of Finance of Ukraine (31.3%) and the German
Credit Institution for Re-Construction (KfW) (37.4%).