OREANDA-NEWS. Absolut Bank’s shareholders held a meeting on and approved the new structure of the Board of Directors. Y. V. Novozhilov was elected Chairman of the BoD. The new BoD includes Vadim O. Korsakov, Andrey V. Degtyarev, Andrey V. Denisenkov, Vladimir A. Kirillov, Yury S. Sizov, and Vartan P. Dilanyan.

Besides, the BoD decided to file an application to the Central Bank of the Russian Federation for carrying out the procedure of changing the form of incorporation from Commercial Bank "Absolut Bank" (ZAO) to open joint-stock company, and also for approving the candidacy of A. V. Degtyarev for the position of the Chairman of Absolut Bank’s Management Board.

Yury Novozhilov, Chairman of Absolut Bank’s BoD: "We are happy to inform you that the deal for acquisition of Absolut Bank’s shares has been closed. Our aim is to thoroughly support the Bank’s activity and ensure the continuity in its development strategy, to strengthen the corporate business and expand client segments, to which retail banking services are provided. Along with fulfilling the long-term development strategy, the Bank will perform its normal day-to-day activities focused on the client satisfaction. We highly appreciate the work of the Bank’s team headed by Nikolay Sidorov who will provide support during the transition period".