The contract of RRDB president, G.M. Kurtser, renewed for another 5 years

Moscow, 29 June. The Supervisory Board of the Russian Regional Development Bank has appointed Grigoriy Kurtser as president of OAO RRDB from 29 July 2010 for a period of five years.

G.M. Kurtser’s term as the Bank president under his previous employment agreement will expire on 28 July 2010. Currently, G.M. Kurtser’s is also a member of the Supervisory Board and chairs the board of OAO RRDB.