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JSC Baltic International Bank expands the composition of its Board

News - February 29, 2016

The Council of JSC Baltiс International Bank” (BIB) made the decision to expand its Board by appointing the current Chief Risk Officer Bogdan Andrushchenko as new Board member.

„As banks are operating in quite complex and severely competitive market environment, it is becoming increasingly important for the banks to ensure that a robust risk management culture is in place. Finding the right balance between profit and risk appetite is also of great importance in order to ensure sustainable development of both Bank itself and its customers. We firmly believe that Mr Andrushchenko, in his capacity as the new member of the Board and with his multiple-year experience, will contribute immensely to the overall benefit, which is essential in light of tighter regulation of the banking sector,” emphasises the Chairperson of the Board of JSC Baltic International Bank Ilona Gulchak.

B.Andrushchenko joined BIB in 2002 and held various positions since then. During the past three years, he has served as the Head of the Risk Management, Statements and Analysis Department and Chief Risk Officer. The newly appointed Board member B.Andrushchenko does not own voting shares of JSC Baltic International Bank.

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