Yuri Tverskoy designated as the President of the Board of Management of International Moscow Bank

  • Helmut Bernkopf designated as Deputy President 
  • IMB continues to pursue growth strategy

Yuri Tverskoy has been designated for the position of the President of the Managing Board and Chief Executive Officer of International Moscow Bank (IMB). He will succeed Ilkka Salonen, who leaves the bank to take over new responsibilities outside of the Group. Helmut Bernkopf of Bank Austria Creditanstalt will join IMB's Management Board as Deputy President and Chief Operating Officer. Both will assume responsibility for UniCredit Group's operating activities in Russia with the common objective to continue to expand business in Russia. The appointment of the two managers is subject to approval by the Supervisory Board of IMB and the Central Bank of Russian Federation.

Erich Hampel, Head of CEE Division of UniCredit Group and CEO of Bank Austria Creditanstalt: "Ilkka Salonen has very successfully developed IMB's operations and started to implement the growth strategy in retail banking. Yuri Tverskoy and Helmut Bernkopf are two experienced managers from within the Group who will continue to pursue this successful course. Russia is a market with strong growth potential which we aim to use."

Yuri Tverskoy (52) has been active for IMB since 1989. He has been a member of the Management Board since 1990 and Deputy Chairman of the Management Board since 2001. Yuri Tverskoy started his career in 1975 as an economist in the Bank for Foreign Trade of USSR (Vneshtorgbank).

Helmut Bernkopf (39) has been active for Bank Austria Creditanstalt (BA-CA) since 1994. The experienced bank manager from Vienna has so far had an impressive international career: having started in BA-CA's corporate banking sector in Vienna, he became Head of Loan Syndications at BA-CA's London Branch in 1997. In October 2000, he moved to BA-CA Romania, where he was Head of Corporate Banking. In 2001, Helmut Bernkopf was appointed Deputy Chairman of the Management Board of what is now HVB Tiriac Bank. With  the end of 2004, he returned to Vienna as General Manager for operations in Central and Eastern Europe. Since 2006 he is also a Member of the Supervisory Board of IMB.

The future Managing Board of IMB will be composed of the following members: 
Yuri Tverskoy, Helmut Bernkopf, Irina Vinogradova, Ivan Rozinskiy and Eduard Issopov.

In October 2006, Bayerische Hypo- und Vereinsbank AG (HVB) increased its interest in IMB's voting capital from about 52.9 per cent to about 79.3 per cent; this corresponds to about 70.3 per cent of IMB's total share capital. As part of organisational changes within UniCredit Group, Bank Austria Creditanstalt, which is responsible within UniCredit Group for markets in the region of Central and Eastern Europe, will take over all of the IMB shares held by HVB in the beginning of 2007.

International Moscow Bank was established in October 1989; it was the first international bank in Russia, with registration number 1. Creditanstalt was one of IMB's founders. Originally, the bank specialised in corporate banking. In the meantime, IMB has started to expand its activities to include retail banking. IMB has achieved strong growth over the past few years: in 2005, measured by total assets, the Russian banking market as a whole grew by 33 per cent while IMB's total assets increased by 53 per cent. At present IMB is the ninth-largest bank in Russia, with total assets of EUR 5.2 billion (as at 30 June 2006). It employs 1,800 staff and operates 36 branch offices. There are plans to increase the number of IMB's branches to a total of 100 in the medium term.

UniCredit Group operates the largest international banking network in Central and Eastern Europe with over 3,000 offices. More than 64,000 employees serve about 24 million customers.

Enquiries:  Bank Austria Creditanstalt Press Relations
Peter N. Thier, tel. +43 (0)5 05 05 52371;
e-mail: peter.thier@ba-ca.com

Printable photographs are available on request.