Pivdenny Bank announces a tender for mandatory financial audit services

Audit companies are invited to participate in a tender for mandatory financial auditing for Pivdenny Joint Stock Bank.

Eligible audit companies:

• must meet the requirements of the Law of Ukraine “On Accounting and Financial Reporting in Ukraine”;
• should be included in the Register of audit companies and auditors and specifically the separate section of the Register that contains information about audit companies that have the right to conduct a mandatory financial audit for public interest entities;
• must report remuneration from the provision of mandatory financial audit services for public interest entities during the previous annual reporting period that does not exceed 15 percent of their total income for the provision of audit services;
• are not subject to restrictions related to the duration of services that can be provided to a bank.

The purpose of the tender is to select an audit company for the provision of the following services:

• auditing and audit reporting on the bank’s separate annual financial statement for 2021 prepared in accordance with International Financial Reporting Standards and the requirements of current laws and regulations of the National Bank of Ukraine (NBU) and National Securities and Stock Market Commission (NSSMC);
• auditing and audit reporting on the bank’s consolidated annual financial statement for 2021 prepared in accordance with International Financial Reporting Standards and the requirements of current laws and regulations of the NBU and NSSMC;
• rating bank asset quality and eligibility of collateral for loan transactions in accordance with the requirements of NBU regulations (Resolution of the NBU Board No. 141 dated 22/12/2017 “On approval of the Regulations on the assessment of stability of banks and the banking system of Ukraine”, as amended);
• audit of the special purpose annual financial statement of the banking group for 2021 prepared in accordance with the requirements of Banking Groups Regulation No. 254 dated 20 June 2012, approved by the Order of the Board of the National Bank of Ukraine, as amended.

Financial statements and other public information of PIVDENNY JOINT STOCK BANK, PUBLIC COMPANY are available on the bank’s official website https://bank.com.ua. More information on bank activities may be provided at the request of the bidder.

Bid submission deadline: 17 September 2021.

Bids received by the bank after the deadline will not be accepted. The bidder has the right to change or withdraw the bid before the deadline.

Please send tender documents to the email address nataliya.zozulya@pivdenny.ua.

Contact person: Zozulia Nataliia Oleksandrivna, Director of the Internal Audit Department, (048) 738 57 08.

The winner will be informed after the approval of the tender results by the Bank Supervisory Board.

All tender participants will be notified by email.

The criteria for participation in the tender and selection of the winning bid, as well as information and documents to be submitted for participation in the tender are determined by the Procedure for conducting a tender for the selection of an external auditor to provide services for mandatory financial audit for PIVDENNY JOINT STOCK BANK, PUBLIC COMPANY, including appendices, available in full on the official bank website https://bank.com.ua.