trending Market Intelligence /marketintelligence/en/news-insights/trending/tfrxnMA8wYIIyGNarxdrgg2 content esgSubNav
In This List

Promsvyazbank exec set to become management board chairman at Sviaz-Bank

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


Promsvyazbank exec set to become management board chairman at Sviaz-Bank

Denis Nozdrachev will step down as chairman of the management board at Interregional Bank for Settlements of the Telecommunications & Postal Services, or Sviaz-Bank, on Aug. 8, Kommersant reported Aug. 7.

Nozdrachev could be replaced by Alexander Chernoshchekin, who oversees work with small and medium-sized businesses at PAO Promsvyazbank, the newspaper said, citing sources familiar with the situation at Sviaz-Bank.

The Russian government decided earlier in 2019 to transfer Sviaz-Bank from State Development Corp. VEB.RF, which currently controls the bank, to Promsvyazbank, to boost the latter's capital.