New management in Accessbank

The new chairman of the board of Accessbank Michael Hofmann was appointed successor to the Andrew Pospielovsky that held the office.

As reported in the bank, Pospielovsky left the office in connection with the further career plans and move with his family abroad.

Prior to this appointment, Michael Hofmann worked at the European Bank for Reconstruction and Development from 2005 to 2012 and headed the office of the bank in the Volga Federal District. He was also a member of GM-AvtoVAZ (2008-2012) - a joint venture between General Motors and AvtoVAZ in Togliatti, producing cars of Chevrolet Niva M.

Shareholders in Accessbank are the European Bank for Reconstruction and Development, International Finance Corporation, the Black Sea Trade and Development Bank, Germany's KfW, Access Holding, and LFS Financial Systems GmbH.

According to a recent decision of the shareholders of the bank, AccessHolding increased its stake in JSC Accessbank to 50.1% from the current level of 16.53% since the Black Sea Trade and Development Bank (BSTDB), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and KfW - Development Bank of Germany reduced their own shareholdings by 7.55% each to 12.45%, and LFS - to 0.10% from the current level of 3.47%. -15B-