Credit Bank Of Moscow OAO announced that Chairman of the Management Board, Alexander Nikolashin became the Banks President while retaining his membership in the Supervisory Board. In this capacity, Mr. Nikolashin will oversee the development and implementation of the Banks strategy. The office of Chairman of the Management Board of CREDIT BANK OF MOSCOW has been assigned to First Deputy Chairman of the Management Board Vladimir Chubar, who will steer implementation of CREDIT BANK OF MOSCOWS long-term development strategy designed to promote the financial institutions standing in the key banking market segments, namely to enhance CBMs competitive positions in the corporate segment and to significantly boost retail business, to substantially grow the assets while retaining high operational efficiency, expand the network (increase the number of branches, ATMs and terminals), introduce a new global CRM system and develop the IT platform. Pursuant to its short-term development strategy, CREDIT BANK OF MOSCOW envisages an IPO in 2013-2014. The office of First Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW has been assigned to Deputy Chairman of the Management Board Dmitry Eremin. In his new role, Mr. Eremin will supervise corporate and retail banking, cash collection service, debt recovery function and the Banks network of branches and payment terminals. Furthermore, posts of Deputy Chairmen of the Management Board of CREDIT BANK OF MOSCOW have been assigned to the First Vice President Evgeny Sandler, First Vice President Marina Nastashkina and Director of Legal Division Darya Galkina. Dmitry Eremin joined CBM in 2002 as a corporate business associate, and then successively assumed positions of a unit head, branch director and Director of Corporate Business Division. On 10 October 2008 he was appointed Deputy Chairman of the Management Board. On 1 February 2012 he was appointed First Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW. Evgeny V. Sandler joined CBM in 2008 as a branch director. In 2009 he was appointed Vice President of the Corporate Client Directorate. Since November 2010 he held the position of First Vice President of the Corporate Client Directorate. On 1 February 2012 he was appointed Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW. Marina M. Nastashkina experience in the Bank included positions of a unit head, deputy branch director and branch director. In 2009 she was appointed Vice President of the Corporate Client Directorate, and in April 2011 she became First Vice President of the Corporate Client Directorate. On 1 February 2012 she was appointed Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW. Darya Galkina joined CBM in 2006 as a senior credit support lawyer, and then successively assumed positions of a unit head and department head. In August 2010 she was appointed Director of the Banks Legal Division. On 1 February 2012 she was appointed a Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.