OREANDA-NEWS. July 10, 2014. Moskomprivatbank held the General Shareholders’ Meeting where the new Board of Directors was approved. B&N Bank President Mikail Shishkhanov was appointed the Chairman of the Board of Directors and B&N Bank Senior Vice President Peter Morsin was appointed the Deputy Chairman of the Board of Directors of Moskomprivatbank. 

The new Board of Directors also includes Dmitry Barbayanov, Igor Belykh, Sergey Kachura, Alexander Lukin and Alexei Farafontov.

The new Board of Directors of Moskomprivatbank asserted the authorities of the bank’s Management Board chaired by Dmitry Barbayanov.

Moreover, on July 2, the shareholders of Moskomprivatbank approved the new name of the bank – “B&N Bank Credit Cards”. In May, 2014 B&N Bank obtained the permission of the Bank of Russia to rename Moskomprivatbank, albeit the bank continued its activity as a standalone legal entity. B&N Bank will develop its credit card business on the platform of the former Moskomprivatbank. The full rebranding of Moskomprivatbank will be finalized in 2015.

B&N Bank closed the deal on acquisition of Moskomprivatbank in April 2014 as the part of its strategy for retail business expansion.