Bank Otkritie and Novosibirsk Municipal Bank are going to merge with Bank of Khanty-Mansiysk, a decision to this effect was adopted at extraordinary shareholder meetings of the lending institutions.
The merged bank would be named Bank Otkritie of Khanty-Mansiysk and would turn into a leading Russian universal retail lender.
At the merged bank Dmitry Migzulin (president and management board chairman at Bank of Khanty-Mansiysk) will be the president and board chairman. Evgeny Dankevich, who is presently the management board chairman at Bank Otkritie, will chair the management board at Bank Otkritie of Khanty-Mansiysk.
Bank Otkritie of Khanty-Mansiysk will operate under two brands. The brand of Bank of Khanty-Mansiysk will remain in use in Western Siberia, the recognition of which is high in this area. The bank will carry on business under the Otkritie brand in the remaining Russian regions.
All effective obligations of Bank Otkritie and Novosibirsk Municipal Bank remain valid. Following the reorganization Bank Otkritie of Khanty-Mansiysk will act as the successor of the to-be-merged lending institutions and will relocate its headquarters to the following address: bldg. 13, 11 Timura Frunze St., Moscow, Russia.
