OREANDA-NEWS. February 8, 2012. CREDIT BANK OF MOSCOW announces that on 1 February 2012 Chairman of the Management Board of CREDIT BANK OF MOSCOW Alexander Nikolashin became the Bank’s President while retaining his membership in the Supervisory Board. In this capacity, Mr. Nikolashin will oversee the development and implementation of the Bank’s strategy.

The office of Chairman of the Management Board of CREDIT BANK OF MOSCOW has been assigned to First Deputy Chairman of the Management Board Vladimir Chubar, who will steer implementation of CREDIT BANK OF MOSCOW’S long-term development strategy designed to promote the financial institution’s standing in the key banking market segments, namely to enhance CBM’s competitive positions in the corporate segment and to significantly boost retail business, to substantially grow the assets while retaining high operational efficiency, expand the network (increase the number of branches, ATMs and terminals), introduce a new global CRM system and develop the IT platform. Pursuant to its short-term development strategy, CREDIT BANK OF MOSCOW envisages an IPO in 2013-2014.

The office of First Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW has been assigned to Deputy Chairman of the Management Board Dmitry Eremin. In his new role, Mr. Eremin will supervise corporate and retail banking, cash collection service, debt recovery function and the Bank’s network of branches and payment terminals.

Furthermore, posts of Deputy Chairmen of the Management Board of CREDIT BANK OF MOSCOW have been assigned to the First Vice President Evgeny Sandler, First Vice President Marina Nastashkina and Director of Legal Division Darya Galkina.

For reference:

Alexander N. Nikolashin was born on 16 October 1966 in Moscow. In 1988 he graduated from Saratov Higher Military Command School named after E. Dzerzhinsky and obtained his second university degree in 2005 in Moscow State Social University.

Alexander Nikolashin joined CBM in 1994 with security experience. Mr. Nikolashin has worked in the Bank for 17 years. During his career, he supervised the Bank's retail business, legal work, branch network operation, HR service, cash collection and security services. On November 2008 Alexander Nikolashin was appointed the Chairman of the Management Board. On 1 February 2012 he became President of CREDIT BANK OF MOSCOW.

Vladimir A. Chubar was born on 18 July 1980 in Bezhetsk, Tver region. He graduated from Moscow Banking School of the Bank of Russia in 1999 and the Finance Academy under the Government of the Russian Federation in 2005 with a degree in Finance & Credit.

Vladimir Chubar joined CBM in 2004 as a financial reporting associate, and then successively assumed positions of a unit head, department head and Director of Financial Division. In autumn 2008 he was appointed Deputy Chairman of the Management Board, and on 13 January 2010 he became First Deputy Chairman of the Management Board. In that capacity, he supervised international business, Financial, IT Division and Treasury. On 1 February 2012 he was appointed Chairman of the Management Board of CREDIT BANK OF MOSCOW.

In April 2010 Mr. Chubar was named by Finans magazine as one of the most successful men under 33.

Dmitry A. Eremin was born on 14 December 1978 in Moscow. He graduated from the Academy of Federal Security Service of the Russian Federation in 2001 and Moscow Institute of Economics and Finance in 2003 with a degree in Finance & Credit. Dmitry Eremin joined CBM in 2002 as a corporate business associate, and then successively assumed positions of a unit head, branch director and Director of Corporate Business Division. On 10 October 2008 he was appointed Deputy Chairman of the Management Board. On 1 February 2012 he was appointed First Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.

In April 2011 Mr. Eremin was named by Finans magazine as one of the most successful men under 33.

Evgeny V. Sandler was born on 17 September 1980 in Bryansk. He graduated from Bryansk State Technical University in 2002 with a degree in Mechanical Engineering Technology, and after that obtained his second university degree in Economics & Management. In 2008 he took МВА degree in the Academy of National Economy under the Government of the Russian Federation. Mr. Sandler is Ph.D. in Economics.

He joined CBM in 2008 as a branch director. In 2009 he was appointed Vice President of the Corporate Client Directorate. Since November 2010 he held the position of First Vice President of the Corporate Client Directorate. On 1 February 2012 he was appointed Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.

In November 2011 Evgeny Sandler was named by Kariera magazine among top 20 best corporate bankers.

Marina M. Nastashkina was born on 10 June 1970 in Moscow. She graduated from Mendeleev Moscow Institute of Chemistry and Technology in 1994. Marina Nastashkina joined CBM in 1998 as a client network development associate. Her experience in the Bank included positions of a unit head, deputy branch director and branch director. In 2009 she was appointed Vice President of the Corporate Client Directorate, and in April 2011 she became First Vice President of the Corporate Client Directorate. On 1 February 2012 she was appointed Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.

Darya A. Galkina was born on 20 June 1981 in Moscow. She graduated from Moscow Academy of Economics and Law in 2003. Darya Galkina joined CBM in 2006 as a senior credit support lawyer, and then successively assumed positions of a unit head and department head. In August 2010 she was appointed Director of the Bank’s Legal Division. On 1 February 2012 she was appointed a Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.

Background details

CREDIT BANK OF MOSCOW was founded in 1992. It holds general license No. 1978 issued by the Bank of Russia. The Bank ranks the 21st among Russia's largest banks (INTERFAX-100). CREDIT BANK OF MOSCOW is a universal credit and financial institution, providing a full range of banking services. CBM's total assets under RAS were RUB 230 bln as of 2011 year-end. The Bank’s balance income in 2011 went up by 70% compared to 2010 and reached RUB 2.128 bln.

The Bank focuses on Moscow and the Moscow Region. The Bank’s branch network includes 60 branches, more than 600 ATMs and 4000 payment terminals.

Since 2004 the Bank has been admitted to the Deposit Insurance System.

CREDIT BANK OF MOSCOW’s sole shareholder is “ROSSIUM Concern, LLC. The Bank’s ultimate beneficial owner is Mr. Roman Ivanovich Avdeev.