Bank News

OAO «Russian Bank for Development» announces the appointment of the Chairman of the Managing Board

13 Декабря 2005

OAO «Russian Bank for Development» announced the appointment of Yuri Isaev as Chairman of the Managing Board. Decision on his appointment was made by the Bank’s Supervisory Board on December 13, 2005 relying on the Directive of the Chairman of the RF Government and with due regard to the positive conclusion of the Central Bank of Russia.

The former Chairperson of the Managing Board of OAO «Russian Bank for Development» Tatiana Mikhailovna Ryskina has resigned upon the contract termination.

Biography of Yuri O.Isaev

Yuri Isaev was born in Moscow in 1972. He graduated from the Moscow State Aviation Institute with a diploma in economics in 1994.

He worked at Rossisky Credit bank, where he held a variety of positions from economist to, latterly, President and Chairman of the bank. He then joined and headed Impexbank. In June 2002 he was appointed Deputy Minister of Economic Development and Trade of the Russian Federation.  From June to November 2004 Mr. Isaev worked in the Federal Security Service (FSB) of the Russian Federation.

From December 2004 and till the appointment to OAO «Russian Bank for Development» Yuri Usaev was RUSAL's Deputy Director General. Mr. Isaev speaks English and French.

OAO «Russian Bank for Development» was established in late 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. The Bank’s charter capital as of October 1, 2005 stood at RUR 4.66 billion, with equity at RUR 6.1 billion, assets - RUR 17.5 billion. The Bank’s accounting profit reached RUR 394.8 million in 2004.

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