The State Property Fund has established a supervisory board at the State Land Bank LLC, the governmental operator of agricultural land, with former head of the National Bank of Ukraine (NBU) Bohdan Danilishin elected as its chairman.
According to the statement from the SPF released on Thursday, the supervisory board also includes Igor Potyomka, head of the state-owned company co-owner of Ocean Plaza, Alexander Vasylenko, head of the SPF's agricultural complex enterprises department, and acting director of "Ukrspyrt" Stanislav Banchuk, all of whom "have significant experience in management and administration."
"The main goal of the board is to ensure strategic management and transparency in the operations of the state operator 'Land Bank' in the land subleasing market," emphasized the Fund.
It is specified that the supervisory board's powers include approving the strategic development plan, financial and investment plans, overseeing risk management, and implementing anti-corruption policies.
"In the supervisory board, we will work towards making the State Land Bank LLC a reliable operator that plays a key role in implementing a transparent mechanism for subleasing state agricultural lands and enhancing the budgets of communities and the state," Danilishin is quoted in the release.
It is noted that the upcoming meetings of the supervisory board will focus on the strategic development plan of the company, approving the financial plan, and reviewing the report on the execution of the financial plan for the current year.
As reported, the SPF manages 386,000 hectares of agricultural land, of which 20,000 hectares require demining, and another 98,000 hectares in temporarily occupied territories will need clearance and demining in the future.
"In total, state assets comprise 806,000 hectares of agricultural land, which will gradually be consolidated in the Land Bank—a project by the SPF for transparent leasing of agricultural land," stated Oksana Osymachko, the Fund's deputy head, in July.
To implement the leasing project through auctions "Prozorro.Sales," the SPF established the State Land Bank LLC, wholly owned by the state, on August 22, 2024.