20.06.2013
Announcement from Kirill V. Yakubovsky, Chairman of the Board of Directors of Asian-Pacific Bank.
Evgeny Aksenov has decided to continue his banking career in a new way. He will keep his chair in the Board of Directors of Asian-Pacific Bank to support the development of the Bank and its team in the course of planned activities, including M&A.
Over the past 8 years Evgeny Aksenov has built a powerful platform, and we start active work aiming to bring the Bank to the top-20 largest banks in the country on its basis.
Asian-Pacific Bank today is one of the largest regional banks, its growth rate is higher than the average performance of the banking system. APB shows good results in terms of profitability and market coverage. Return on equity (ROE) exceeded 30% in the recent years while growth rates of assets exceed 50% per year for the last 8 years.
Sergey Tyrtsev, First Deputy Chairman of the Executive Board and one of the most experienced managers, will become the new Chairman of the Executive Board after receiving approval from the Central Bank of Russia. Working together with Evgeny Aksenov, he has made an enormous contribution to the development of the Bank and to the formation of a strong and solid team sharing common ideas and values.
There will be no further changes to the team and strategy.