On 21 June, Viktors Bolbats, the former Deputy Chairperson of the Management Board of Baltic International Bank, became the Chairperson of the Bank’s Management Board, and Guntars Reidzāns, the Head of Customer Service, joined the Bank’s Management Board as a member. Viktors Bolbats says, “The Latvian financial sector is currently in a period of change, and the success of any bank is based on a long-term business vision, a high-quality portfolio of clients, willingness to take the necessary risk-reduction measures and, of course, a professional and energetic team. Baltic International Bank adopted and started implementing a new business strategy based on capital management and sustainable investments at the end of 2016.” “A year and a half has passed since the adoption of the strategy, and I am pleased that we have taken important steps towards introducing the new strategy: our customers positively view the Bank’s capital management solutions and sustainable investment opportunities, and we have taken the necessary risk-reduction measures and significantly improved the quality of our customer portfolio. We have also considerably diversified our target markets, which shows in the geography of our customer portfolio: 23% of our customers are from Latvia, more than 45% - from Western European countries. I am certain that the Bank’s team and I as the Chairperson of the Management Board will be able to further expand the activity of Baltic International Bank in our current and target markets, and a significant contribution to this will come from our new member of the Management Board Guntars Reidzāns,” concludes Viktors Bolbats. Viktors Bolbats joined Baltic International Bank in September 2017 as the Advisor to the Chairperson of the Management Board. In November 2017, Bolbats became a member of the Management Board and in early January 2018 he assumed the responsibilities of the Deputy Chairperson of the Management Board. Guntars Reidzāns began working at Baltic International Bank in October 2017 as the Head of Customer Service. Before joining the Bank, Guntars Reidzāns’ worked for Swedbank and GE Money Bank where his responsibility was large corporate customer service in Latvia and Russia. Previously he held executive positions in the private banking sector in Latvia and the Baltics (2011–2017), where he worked with local and international clients. G.Reidzāns has obtained an Executive MBA degree from the Riga Business School and a master’s degree from the University of Latvia. From now on, the Management Board of Baltic International Bank will consist of five members: Viktors Bolbats – Chairperson of the Management Board, Guntars Reidzāns, Alons Nodelmans, Bogdans Andruščenko and Anda Saukāne – members of the Management Board. Viktors Bolbats, Chairperson of the Management Board, and Guntars Reidzāns, member of the Management Board, do not own any voting shares in Baltic International Bank.