Bank News

Sergei Krjukov has taken over as Chairman of the Managing Board of the Russian Bank for Development

24 Сентября 2006

As of September 25, 2006 Sergei Krjukov took over as Chairman of the Managing Board of the Russian Bank for Development. Decision on his appointment was made by the Bank’s Supervisory Board relying on the Directive of the Deputy Chairman of the RF Government and with due regard to the positive conclusion of the Central Bank of Russia.

The authorities of Yury Isaev, the former Chairman of the Managing Board of RBD, are terminated in connection with his transfer to other work.

Biography of Sergei P. Krjukov

Sergei Pavlovich Krjukov was born in Moscow in 1961. In 1984 he graduated from the Moscow Financial Institute, specialty «Finance and Credit».

From 1999 to 2001 he was Member of the Board and headed Department of Global Banking Services of Deutsche Bank. From February 2002 through September 2003 he was Vice Chairman of OAO «Avtobank».

From September 2003 and till the appointment to OAO «Russian Bank for Development» Sergei Krjukov was Vice-Chairman of OAO «Vneshtorgbank».

Mr. Krjukov speaks English and German.

OAO «Russian Bank for Development» (RBD) was established in 1999 pursuant to Decree of the Government of the Russian Federation No. 391-r dated March 10, 1999 and Federal Law "On the Federal Budget for 1999" as a national development bank. The Bank’s core business is to provide long-term loan based funding to projects in priority sectors of the national economy. It is 100% owned by the Government of the Russian Federation through the Russian Federal Property Fund. The Bank’s charter capital is RUR 4.66 billion. RBD was assigned the highest for the Russian banks international credit ratings - Standard & Poor's (BВВ, outlook stable) and Moody's Investors Service (Baa2, outlook stable).

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