OREANDA-NEWS. On July 27, 2007 Sviaz-Bank and the Russian Industrial Bank (RIB) called a joint meeting of their shareholders in Moscow to work out the details of RIB’s merger with Sviaz-Bank, reported the press-centre of Sviaz-Bank.

The agenda of the joint meeting included approval of the amendments in Sviaz-Bank’s business plan for 2007 to 2009 and the makeup of the joint bank’s governing bodies, which will take over from either bank’s management after the merger has been completed.

The merger is expected to be completed in late 2007.