Promsvyazbank has appointed a new Board of Directors at the Extraordinary General Meeting of shareholders. Lindsay Forbes, representing the interests of the European Bank for Reconstruction and Development, was appointed to the Board.
Lindsay Forbes has over 35 years of experience in the banking sector in the UK, USA, Central Europe, Russia and Central Asia. Mr. Forbes has been at the EBRD since 1994, where he served as Director for ICA in Russia.
He represented EBRD interests on the Boards of Lenta (Russia), Pliva d.d. (Croatia), Stalexport S.A. (Poland), Moscow International Bank (Russia), and JSB Orgresbank (Russia). In 1981-1994, he held senior posts at Bank of Scotland Group. In 1975, he obtained a degree in law at the Oxford University. In 1981, he earned an MBA at the INSEAD business school (France). As a result of the Meeting, the Board of Directors’ composition was determined as follows: Alexey Ananyev, Dmitry Ananyev, Tamjid Basunia, Dmitry Ermolov, Andrey Zhupanov, Pierre Casse, Alexander Kuznetsov, Dmitry Lavrentiev, Igor Lozhevskiy, Dmitry Mints, Lindsay Forbes and Vladislav Khokhlov.
Promsvyazbank also announces that Guy Harington, former representative of EBRD interests on the Board of Directors of Promsvyazbank, has now resigned from the Board.
According to the preliminary reporting (published form) under the Russian Accounting Standards (RAS), PSB net profit for 9M 2016 amounted to RUB 2.0 bn. Income from core banking operations (interest income and fee and commission income) increased by 21% to RUB 36.9 bn.