Baltic International Bank Announces Appointment of Chief Risk Officer

To comply with additional requirements of the regulations adopted by the Board of Latvia’s Financial and Capital Market Commission on 1 November 2012, Bank’s Board appointed Bogdan Andrushchenko as Chief Risk Officer (CRO), with effect from 20 December 2012.

B. Andrushchenko retains his previous positions as Board member, Head of Risk Controlling Department, and Head of Statements and Analysis Division.