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B&N Bank names new chairman

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B&N Bank names new chairman

Evgeny Davydovich was named chairman of the management board at B&N Bank, pending the approval of the Russian central bank.

B&N Bank said his tasks will include forming a management system in accordance with international best practice and improving the bank's balance sheet structure and its ratings.

Prior to joining B&N Bank, Davydovich served as president of Svyaznoy Group. He also worked as chairman of the management board at JSC Svyaznoy Bank, the license of which was revoked by the central bank in 2015 after the regulator pointed to problems with asset quality and risky lending.