VTB Bank JSC announced that On 27 December, the VTB Supervisory Council elected Yuri Andresov to the VTB Management Board. The decision will enter into force upon approval by the Central Bank of the Russian Federation. In his new position, Yuri Andresov will be responsible for developing and improving VTB's offline retail business channels under the guidance of the Board's Deputy President and Chairman Anatoly Pechatnikov. As a Board member, he will supervise the regional network, consumer, mortgage and auto loans, payroll programmes, credit and debit cards, as well as investment products both in branches and via the courier service. He will also be in charge of diversifying and increasing the bank's retail business and its active customer base. By 2022, the goal is to increase the bank's retail sales performance by over 20 percent. He has worked in the banking sector for over 30 years. From 2003 to 2020, Andresov was employed by Home Credit bank. From 2015 to 2020, he was the chair of its board, overseeing the bank's transformation and the development of the Home Credit Group of Companies in Kazakhstan.