URSA Bank elects new BOD

31 July 2009 (09:46)

URSA Bank’s extraordinary general meeting took place on July 30, 2009 and resulted in the election of a new Board of Directors. The new BOD actually became necessary due to bank’s merger with MDM-Bank.

The new Board now comprises seven members altogether.

‘The new bank’s stockholders are rather diverse, which is good for the business’s dynamic long-term development. Today we elected the BOD consisting of renowned top class experts with enormous experience in the field of international financing and with great knowledge of the Russian banking sector. The bank’s shareholders and directors will certainly keep up with our high corporate management and information transparency standards within the newly-united bank,’ says MDM-Bank’s Chairman of the Supervisory Board and URSA Bank’s BOD Chairman Igor Kim.

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