OREANDA-NEWS. September 20, 2012. Sergeis Babushkins was appointed to the position of Deputy Chairman of the Management Board of OJSC Nordea Bank and joined the Management Board of the Bank according to the decision of the Board of Directors of the Bank which was approved by the Central Bank of the RF, reported the press-centre of Nordea Bank.

Sergeis Babushkins was born in Yurmala, he graduated from University of Latvia with a degree of Master of Social Science (Economics). In 2004 he was awarded a scientific degree of Master of Economics (Finance and Credits). Babushkins has 18-year professional experience, out of which for 11 years he has hold leading positions in Nordea Group. He embarked on a carrier in Ministry of Economy of Latvian Republic, later he continued his work in the banking area being involved in credit analysis. S. Babushkins has been in charge of Credit Process and Methodology Department in OJSC Nordea Bank since March 2008. He is Head of Credit being responsible for assessment of market and credit risks, compliance with the credit policy and development of effective credit process in the Bank.

“One of the key priorities for the Bank is to retain high quality of the loan portfolio through right evaluation of risks,- says Igor Bulantsev, Chairman of the Management Board.- I am sure that given expanded authority Sergeis Babushkins will be able to improve the quality of the Bank’s assets”.

“I am honored to work in the managerial team that has successfully completed integration of OJSC Nordea Bank into Nordea Group, has made the Bank one of the leading players of the Russian banking market and is constantly strengthening our positions,’- comments on his appointment Sergeis Babushkins.