OREANDA-NEWS. November 2, 2012. Alexey Kuzovkin, chairman of ARMADA JSC Board of Directors (MICEX-RTS: ARMD) has been elected as a member of Promsberbank’s Board of Directors.

"We would like to take the opportunity to roll out IT and financial products of ARMADA in cooperation with a bank" — Alexey Kuzovkin commented his election to the Promsberbank’s BoD.

Media outlets have erroneously reported that Alexey Kuzovkin was appointed CEO of the bank.

About ARMADA

ARMADA (MICEX-RTS: ARMD) is an innovating Russian IT company with product lines in Software and IT services. For over 15 years we have helped public and commercial organizations deliver better service in Russia. ARMADA’s customers among financial organizations in Russia are the Central Bank, Sberbank, Raiffeisenbank, VTB 24, Vnesheconombank, BSGV, Home Credit and Finance Bank.