Evgeny Romakov Appointed Acting Chairman of Uniastrum Bank Management Board

Moscow, Russia, March 29, 2012 --(PR.com)-- Evgeny Romakov graduated the Russian Government Academy of Finance, majoring in Finance and Credit. Mr. Romakov’s banking career stretches back over 10 years. From 2004 to 2007 he worked as CEO advisor, CFO, and Management Board Deputy Chairman, serving as Acting Chairman of the Management Board at Impexbank. In 2007 he moved to OTP Bank as Deputy Chairman of the Management Board and head of the Finance Division, remaining there until November 2010 when he began working as Uniastrum Bank’s CFO. Since February 2011 he has been Deputy Chairman of Uniastrum’s Management Board.

Eugene Tutkevich’s decision to tender his resignation was prompted by a wish to pursue personal plans.

“Uniastrum Bank would like to thank Eugene for his productive 18-month tenure as Management Board Chairman and wishes him every success in his future career,” said Uniastrum President Gagik Zakaryan. “In line with the strategic guidelines approved by the Board of Director’s, the Bank’s core priorities remain small business lending and expanding our retail credit business. We are currently completing the deployment of automated decision-making and borrower evaluation systems, which will boost Uniastrum’s share of the consumer lending market considerably.”

Results for 2011 show Uniastrum achieving its business development targets. In the reporting year, the Bank significantly expanded its SB credit and retail time deposit portfolios, simultaneously downsizing operating expenses. The SB credit portfolio grew 49% to over Rb 13 bn as of January 1, 2012, while retail time deposits increased 30% to Rb 33.2 bn.