Corporate
Governance
2019
722
2018
617
2017
577
2016
495
2015
530
Equity, RUB billion
2
ANNUAL REPORT
2019
Bank GPB (JSC) Shareholders
Full name of the shareholder Share in common stock (of the total number of common shares), % Share in Type A preferred stock (of the total number of Type A preferred shares), % Share in Type B preferred stock (of the total number of Type B preferred shares), %
As of 1 January 2019
Public Joint Stock Company Gazprom 29,7640 0 0
Joint Stock Company Gazprom Gazoraspredelenie (as of 1 January 2020 — Limited Liability Company “Gazprom capital”) 16,2555 0 0
Non-State Pension Fund GAZFOND* 5,0915 0 0
Public Joint-stock Company GAZ-Tek* 9,3061 0 0
Public Joint-stock Company GAZ-service* 13,5853 0 0
Public Joint-Stock Company Gazkon* 13,5931 0 0
Closed Joint-Stock Company Leader (pension fund asset management company), Trust Management 0,2960 0 0
Closed Joint-Stock Company Leader (pension fund asset management company) 0,0003 0 0
State Development Corporation VEB.RF 8,5341 0 0
The Russian Federation represented by the Ministry of Finance of the Russian Federation 0 100 0
State Corporation Deposit Insurance Agency 0 0 100
Limited liability company New Financial Technologies 5618
Individuals 0,0123 0 0
Total 100 100 100

* Non-State Pension Fund GAZFOND controls 41.58% of the voting shares of Bank GPB (JSC), out of which:

Full name of the shareholder Share in common stock (of the total number of common shares), % Share in Type A preferred stock (of the total number of Type A preferred shares), % Share in Type B preferred stock (of the total number of Type B preferred shares), %
As of 1 January 2020
Public Joint Stock Company Gazprom 29,7640 0 0
Joint Stock Company Gazprom Gazoraspredelenie (as of 1 January 2020 — Limited Liability Company “Gazprom capital”) 16,2555 0 0
Non-State Pension Fund GAZFOND* 5,0915 0 0
Public Joint-stock Company GAZ-Tek* 9,3061 0 0
Public Joint-stock Company GAZ-service* 13,5853 0 0
Public Joint-Stock Company Gazkon* 13,5931 0 0
Closed Joint-Stock Company Leader (pension fund asset management company), Trust Management 0,2960 0 0
Closed Joint-Stock Company Leader (pension fund asset management company) 0,0003 0 0
State Development Corporation VEB.RF 8,5341 0 0
The Russian Federation represented by the Ministry of Finance of the Russian Federation 0 100 0
State Corporation Deposit Insurance Agency 0 0 100
Limited liability company New Financial Technologies 5618
Individuals 0,0123 0 0
Total 100 100 100
Bank GPB (JSC)
Board of Directors

As of 1 January 2020

Alexey B. Miller Chairman of the Management Committee, Gazprom
Chairman of the Board of Directors
Andrey I. Akimov Chairman of the Management Board, Gazprombank (Joint Stock Company)
Deputy Chairman of the Board of Directors
Mikhail L. Sereda Deputy Chairman of the Management Committee, Head of the Administration of the Management Committee, Gazprom
Deputy Chairman of the Board of Directors
Yury N. Shamalov President, Non-State Pension Fund GAZFOND
Deputy Chairman of the Board of Directors
Elena A. Vasilieva Deputy Chairwoman of the Management Committee — Chief Accountant, Gazprom
Anatoly A. Gavrilenko General Director, CJSC Leader
Yuriy G. Gazaryan Deputy Chairman, State Development Corporation VEB.RF
Vladimir A. Dmitriev Vice President, Chamber of Commerce and Industry of the Russian Federation
Kirill A. Dmitriev Chief Executive Officer, Joint Stock Company Management Company of Russian Direct Investment Fund
Ilya V. Eliseev Deputy Chairman of the Management Board, Gazprombank (Joint Stock Company)
Sergey S. Ivanov Chief Executive Officer — Chairman of the Executive Committee, Public Joint Stock Company ALROSA
Famil K. Sadygov Deputy Chairman of the Management Committee, Gazprom
Vyacheslav A. Tyurin Director General, Gazprom Invest

Alexey B. Miller

Year of birth: 1962

Educational background: Graduated from N.V. Voznesensky Leningrad Institute of Finance and Economics in 1984. Candidate of Sciences (Economics).

Job titles in the past three years: From June 2001 to date — Chairman of the Management Committee, Gazprom.

Andrey I. Akimov

Year of birth: 1953

Educational background: Graduated from the Moscow Institute of Finance in 1975.

Job titles in the past three years: From January 2003 to date — Chairman of the Management Board, Bank GPB (JSC).

Mikhail L. Sereda

Year of birth: 1970

Educational background: Graduated from St. Petersburg State University of Economics and Finance in 1997; graduated from International Management Institute St. Petersburg (IMISP) in 2008 (Master of Business Administration).

Job titles in the past three years: From September 2004 to date — Deputy Chairman of the Management Committee, Head of the Administration of the Management Committee, Gazprom.

Yury N. Shamalov

Year of birth: 1970

Educational background: Graduated from the Higher Naval Engineering School in 1992; graduated from the Russian Foreign Trade Academy (Ministry of External Economic Relations of the Russian Federation) in 1996. Candidate of Sciences (Economics).

Job titles in the past three years: From August 2003 to date — President of Non-State Pension Fund GAZFOND.

Elena A. Vasilieva

Year of birth: 1959

Educational background: Graduated from N.V. Voznesensky Leningrad Institute of Finance and Economics in 1986; graduated from International Management Institute St. Petersburg (IMISP) in 2008 (Master of Business Administration).

Job titles in the past three years: From September 2001 to date — Deputy Chairwoman of the Management Committee — Chief Accountant, Gazprom.

Anatoly A. Gavrilenko

Year of birth: 1972

Educational background: Graduated from M.V. Lomonosov Moscow State University in 1995 and 2001.

Job titles in the past three years: From May 2004 to date — General Director, CJSC Leader (pension fund asset management company).

Yuriy G. Gazaryan

Year of birth: 1974

Educational background: Graduated from the Financial Academy under the Government of the Russian Federation in 1996.

Job titles in the past three years: From April 2013 to May 2018 — Deputy Head of the Secretariat of First Deputy Prime Minister of the Russian Federation; from June 2018 to date — Deputy Chairman, State Development Corporation VEB.RF

Vladimir A. Dmitriev

Year of birth: 1953

Educational background: Graduated from the Moscow Institute of Finance in 1975; starting from 2004 he has been Corresponding Member of the Russian Academy of Natural Sciences. Doctor of Sciences (Economics).

Job titles in the past three years: From June 2007 to February 2016 — Chairman, State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank); from April 2016 to date — Vice President, Chamber of Commerce and Industry of the Russian Federation.

Kirill A. Dmitriev

Year of birth: 1975

Educational background: Graduated from Stanford University in 1996; graduated from Harvard University in 2000.

Job titles in the past three years: From February 2012 to date — Chief Executive Officer, Joint Stock Company Management Company of Russian Direct Investment Fund.

Ilya V. Eliseev

Year of birth: 1965

Educational background: Graduated from A.A. Zhdanov Leningrad State University in 1987. Candidate of Sciences (Law).

Job titles in the past three years: From August 2005 to date — Deputy Chairman of the Management Board, Bank GPB (JSC).

Sergey S. Ivanov

Year of birth: 1980

Educational background: Graduated from Moscow State Institute (University) of International Relations (MGIMO University) in 2002. Candidate of Sciences (Economics).

Job titles in the past three years: From March 2017 to January 2018 — President — Chairman of the Executive Committee, Public Joint Stock Company ALROSA; from January 2018 to date — Chief Executive Officer — Chairman of the Executive Committee, Public Joint Stock Company ALROSA.

Famil K. Sadygov

Year of birth: 1968

Educational background: Graduated from S. Ordzhonikidze State Academy of Management in 1993. Candidate of Sciences (Economics).

Job titles in the past three years: From February 2009 to April 2019 — Deputy Chairman of the Management Board, Bank GPB (JSC); from April 2019 to date — Deputy Chairman of the Management Committee, Gazprom.

Vyacheslav A. Tyurin

Year of birth: 1960

Educational background: Graduated from Kirov Ural Polytechnic Institute in 1982.

Job titles in the past three years: From July 2002 to March 2019 — Director General, Gazpromtrans; from March 2019 to date — Director General, Gazprom Invest; from June 2018 to date — Vice President, Bank GPB (JSC) (concurrently).

Bank GPB (JSC)
Management Board

As of 1 January 2020

Full name of the member of the Management Board Position in Bank GPB (JSC)
Andrey I. Akimov Chairman of the Management Board
Alexey P. Belous Deputy Chairman of the Management Board
Elena A. Borisenko Deputy Chairwoman of the Management Board
Ilya V. Eliseev Deputy Chairman of the Management Board
Dmitry V. Zauers Deputy Chairman of the Management Board
Viktor A. Komanov Deputy Chairman of the Management Board
Alexey A. Matveev Deputy Chairman of the Management Board
Alexander Y. Muranov Deputy Chairman of the Management Board
Igor V. Rusanov Deputy Chairman of the Management Board
Vladimir M. Ryskin Deputy Chairman of the Management Board
Alexander I. Sobol Deputy Chairman of the Management Board
Alexander M. Stepanov Deputy Chairman of the Management Board
Tigran G. Khachaturov Deputy Chairman of the Management Board
Vladimir N. Vinokurov First Vice President, Member of the Management Board
Denis V. Kamyshev First Vice President, Member of the Management Board
Irina A. Kaplunnik First Vice President, Member of the Management Board
Alexey V. Popovich First Vice President, Member of the Management Board

Andrey I. Akimov

Born in 1953.

Education: higher; a graduate of Moscow Financial Institute (1975) majoring in Economics

Career: From October 1974 to November 1990 Mr. Akimov was an employee of Vneshtorgbank in the positions of Credit Inspector, Head of Foreign Exchange Department, Deputy General Manager of the bank’s office in Zurich, and Chairman of the Management Board in Donau Bank. From February 1991 to January 2003, he held the position of Managing Director at IMAG Investment Management & Advisory Group AG (Austria). Chairman of Bank GPB (JSC) Management Board since January 2003.

Alexey P. Belous

Born in 1969.

Education: higher; in 1992, he graduated from the Ordzhonikidze Moscow Aviation Institute, majoring in Electrical Engineering; and in 1997, from the Financial Academy of the Government of the Russian Federation, majoring in Economics. In 2000, he was awarded the degree of Candidate of Sciences (Economics).

Career: Mr. Belous began his career at the Moscow Experimental Design Bureau MARS, where he worked as Engineer from April 1992 to June 1993. From June 1993 to August 1996, he was employed at the Main Directorate of the State Marine Emergency Rescue Service of Russia, where he first held the position of a Lead Specialist of the Commercial Department and then that of a Chief Specialist of the Foreign Trade and Contract Administration Department. From August 1996 to October 1999, he worked for Commercial Bank SBS-AGRO and the Managing Company of SBS-AGRO Banking Group, where he served in turn as Expert, Head of the Banks and Investment Funds Department of the Investment Resource Market Research Division, Deputy Head and then Head of the International Resources Division of the International Banking Operations Center. From October 1999 to April 2000, he held the office of Head of the Project Financial Support Department in CJSC STB-Card; from May 2000 to March 2001, the position of Senior Advisor of the Financial Solutions Department in CJSC NCR; from June 2001 to May 2002, the position of Head of the Economic Projects Department at Gaztechleasing. In June 2002, he joined Bank GPB (JSC) as Head of the Long-Term Foreign Trade Finance Section at the Project Finance Department; in March 2004, he was transferred to the position of Deputy Director of the Project Finance Department, and in July 2007, to the position of Director of the Project and Export Finance Directorate of the Project and Structured Finance Department. In January 2009, he was appointed Deputy Head of the Project and Structured Finance Department; in July 2009, Head of the Project and Structured Finance Department; and in April 2013, Vice President — Department Head, Project and Structured Finance Department. From February 2014 to April 2016, he held the office of Executive Vice President — Department Head, Project and Structured Finance Department; from April 2016 to September 2017, that of First Vice President — Department Head, Project and Structured Finance Department of Bank GPB (JSC). In August 2017, Mr. Belous was elected as Member of the Management Board of Bank GPB (JSC); since September 2017, he has been Deputy Chairman of the Management Board of Bank GPB (JSC)

Elena A. Borisenko

Born in 1978.

Education: higher; a graduate of St. Petersburg State University (2000), majoring in Law.

Career: Elena started her career in May 1999 as a Legal Adviser at CJSC Plaza Firm. From August to November 2000, she was the Head of the Law Group at CJSC Plaza Plus. From December 2000 to November 2008, she worked at OJSC Jewelry Trade of North-West, first as a Legal Adviser, then as the Head of the Law Section in the Executive Office. From November 2008 to September 2009, she was an Adviser to the Head of the Federal Service for State Registration, Cadastral Records and Cartography. In September 2009, she joined the Ministry of Justice of the Russian Federation as an Adviser to the Minister and in February 2010 she was appointed as the Director of the Department of Legal Aid and Interaction with the Judicial System of the Ministry of Justice of the Russian Federation, and in March 2011, as an Adviser to the Minister of Justice of the Russian Federation. From June 2012 to July 2015, she was Deputy Minister of Justice of the Russian Federation. In September 2015, Ms. Borisenko joined Bank GPB (JSC) as First Vice President. In September 2015, she was elected as Member of the Management Board of Bank GPB (JSC). Since September 2017, Elena has been Deputy Chairwoman of the Management Board of Bank GPB (JSC).

Vladimir N. Vinokurov

Born in 1959.

Education: higher; graduated from F. E. Dzerzhinsky Tambov Higher Military Aviation Engineering School in 1981 with a degree in Radio Engineering; a graduate of the Higher School of the KGB qualified as an officer with a degree in higher professional education in 1991; a graduate of the Russian Academy of Public Administration with a degree in Social Sciences in 1994.

Career: Vladimir did military service with the USSR Ministry of Defense from July 1981 to September 1983 and with KGB/FSB counterintelligence offices (staff records and fieldwork) from September 1983 to December 1998. From December 1998 to March 2014, he served in the FSB Center for Special Assignments, holding the position of Chief Deputy and Chief Personnel Officer to June 2003, Chief Deputy and Chief Officer of Unit A from June 2003 to March 2014. Employed by Bank GPB (JSC) since March 2014 in the positions of First Vice President and Member of the Management Board.

Ilya V. Eliseev

Born in 1965.

Education: higher; a degree in Law from A. A. Zhdanov Leningrad State University (1987). Awarded a degree of Candidate of Sciences in Law in 2001.

Career: From January 1991 to March 2003 Mr. Eliseev worked at St. Petersburg State University in the Department of Law (Civil Law). From May 2003 to July 2005, he held the position of Vice President and President of the Law Center Association in St. Petersburg. He has worked for Bank GPB (JSC) in the position of Deputy Chairman of the Management Board since August 2005.

Dmitry V. Zauers

Born in 1979.

Education: higher; graduated from Tomsk State University with a degree in Management (2001).

Career: Dmitry started his career in August 2001 with Gazprombank. Through June 2003, he held the positions of Specialist and Lead Specialist of the Lending Department with the Bank’s branch in Tomsk; from June 2003 to May 2011 he worked in the Bank’s Regional Business Development Department and held the position of Chief Specialist of the Network Management Section until March 2006; from March 2006 to September 2007 he was Deputy Head of the Network Coordination Division and Head of the Network Management Section; from September 2007 to February 2010 he served as Head of the Network Coordination Division and from February 2010 to May 2011 as Deputy Head of the Department. In May 2011, he was appointed Vice President and then First Vice President of the Bank in September 2012. He has been a Member of the Management Board since February 2013 and Deputy Chairman of the Management Board since November 2014.

Irina A. Kaplunnik

Born in 1969.

Education: higher; graduated from G. V. Plekhanov Russian Academy of Economics (1990) as a highly qualified goods manager

Career: She started her career in August 1990 in the Dzerzhinsk branch of Zhilsotsbank as a Category 2 Economist. From December 1990 to July 1996, she worked at Business Commercial Bank, where she consecutively held the positions of Category 1 Economist in the Government Enterprises and Organizations Lending Department, Lead Economist in the Short-Term and Long-Term Lending Department, branch Chief Economist, and Chief Expert in the Lending Division. From August 1996 to November 1996, she worked at International Commercial Bank in the position of Lead Economist in the Customer Lending Department. In November 1996, she was employed by Business Joint-Stock Commercial Bank in the capacity of the Chief Expert in the Credit Resources Taking and Deployment Department; in April 1997, she was appointed to the position of Deputy Head of Commission Operations Division, and in May 1998, to the position of the Head of Securities Division. From January 2001 to April 2002, she occupied the position of First Deputy Director of Bank St. Petersburg branch in Moscow. She has been with Bank GPB (JSC) since April 2002. Was initially appointed Head of the Customer Cash Management Service Department. In April 2004, she was redeployed as Head of the Banking Operations Accounting, Documenting and Execution Department. In December 2006, she was appointed to the position of Deputy Chief Accountant of the Bank — Head of the Banking Operations Accounting, Documenting and Execution Department, and in October 2007, to the position of Deputy Chief Accountant of the Bank. In April 2012, she was redeployed to the position of First Vice President — Deputy Chief Accountant of the Bank. Since July 2016, she has held the position of First Vice President. In August 2019, she was elected as Member of the Management Board.

Denis V. Kamyshev

Born in 1975.

Education: higher; in 1999, he graduated from the Moscow State Institute of Steel and Alloys (Technology University), majoring in Mathematics and Engineering.

Career: He started his career in February 1998 at SI-Leader LLC as a System Administrator. From April 1999 to April 2002, he was a postgraduate student at the V.A. Trapeznikov Institute of Control Sciences. From November 2002 to January 2003, he worked for OJSC Russian Aluminum Management as Chief Specialist of the Corporate Risk Division of the Finance Directorate. From January 2003 to September 2006, he was employed at RUSAL-Managing Company LLC, where he was a Manager at the Risk Section of the Finance Directorate, Head of the Corporate Risk Evaluation Section of the Risk Department, and Director of the Risk Department. From October 2006 to August 2008, he held the position of Senior Manager of the Business Performance Management Section at the Business Consulting Division in PricewaterhouseCoopers Russia B.V. From August 2008 to June 2013, he was the Director of the Business Risk Service Section of the Business Consulting Department, and then a Partner at Ernst & Young (CIS) B.V. in Moscow. In June 2013, he joined Bank GPB (JSC) in the capacity of First Vice President. In July 2017, he was elected as Member of the Management Board of Bank GPB (JSC).

Viktor A. Komanov

Born in 1973.

Education: higher; a graduate of G. V. Plekhanov Russian Academy of Economics majoring in Economics (1995) and the London School of Economics and Political Science (1997).

Career: Viktor started his career in September 1990 with commercial banks Stroycredit and Moscovia. Then until March 1996 he worked as a Lead Economist at commercial banks YALOSBANK, National Credit and Gagarinsky. From 1996 to 1997, he served as Head of the New Product Development Sector of the Corporate Services Division at Menatep Bank. From December 1997 to November 1998 Viktor was an Analyst with the Corporate Finance Department of Fleming USB (CJSC). Up to February 2001, he held the position of Deputy Head of the Investment Banking Department of Fleming USB (CJSC). Up to March 2002, he was Deputy Head of the Corporate Client Banking and Capital Markets Department at J. P. Morgan Bank International LLC. From April 2002 to October 2003 Viktor worked in the Moscow office of Lukoil Overseas Service LTD in the positions of Section Head of the M&A Department and later Section Head of the International Business Development Department. Joined Bank GPB (JSC) in October 2003. From October 2003 to February 2004, he acted as Advisor to the Management Board and Director in the Corporate Finance Department; from February 2004 to November 2007, he was Head of the Corporate Finance Department; from November 2007 to July 2010 served as First Vice President. He was elected as Member of the Management Board in April 2007 and appointed Deputy Chairman of the Management Board in July 2010.

Alexey A. Matveev

Born in 1963.

Education: higher; a degree in Economics from Moscow Financial Institute (1986).

Career: Alexey started his career in January 1986 with VTB’s Soyuzraschetexport, where he worked as an Inspector and an Economist until December 1987. From January 1988 to June 1989, he worked as an Economist in Vnesheconombank of the USSR. Then Alexey joined International Moscow Bank where he was Head of the Financial Credits Department until January 1992. During the following year he worked as Foreign Affairs Consultant with Servis-Globus (a joint venture). From February 1993 to July 1995, he held the positions of Director for External Loans, Member of the Management Board, and Executive Vice President of Inter-Sectoral Commercial Bank for Wholesale Development. In July 1995, he joined JSC Bank Credit Suisse (Moscow) where he worked as Head of the Securities Management Department and Vice President until June 1998. During 1999, Alexey was Advisor to the Chairman of the Management Board in Eastern European Investment Bank. From June 1999 to March 2001, he held the position of Head of the Investment Banking Department in Fleming USB (CJSC). From May 2001 to February 2003, he was Managing Director in Investment Company Troika Dialog (CJSC). He joined Bank GPB (JSC) in February 2003, working as Advisor to the Chairman of the Management Board from February to July 2003, and was appointed Deputy Chairman of the Management Board in July 2003.

Alexander Y. Muranov

Born in 1958

Education: higher; a graduate of Leninsky Komsomol Lviv Polytechnic Institute majoring in Electronic Engineering (1980).

Career: Alexander’s career started in November 1980 with Elektroizmeritel Plant named after the 50th Anniversary of the USSR in Zhytomyr, where he worked as an Engineer, Laboratory Chief and Deputy Head of R&D until August 1994. From 1995 to 1998, he held the positions of Economist, Head of the Correspondent Relations Department, Deputy Chairman of the Management Board and First Deputy Chairman of the Management Board in Unibest (a commercial bank). From October 1998 to February 2005, his career continued with Rosprombank in the positions of Vice President, First Vice President, and President of the Bank. He joined Bank GPB (JSC) in February 2005 and has been acting as Deputy Chairman of the Management Board since then.

Alexey V. Popovich

Born in 1987

Education: higher; in 2008, he graduated from the Budget and Treasury Academy of the Ministry of Finance of the Russian Federation as a qualified economist; in 2018, he completed an MBA course at the SKOLKOVO Moscow School of Management.

Career: He started his career in July 2006 in the Account Opening Section of the Moscow Representative Office of MANPOWER Inc. From January to March 2007, he worked at Moscow Credit Bank (Open JointStock Company) in the capacity of Car Dealership Front Office Group Manager in the Retail Lending Department’s Auto Lending Division’s Administration Section. From March to June 2007, he held the position of Auto Lending Section Manager at Spets-finans LLC. From July 2007 to June 2008, he worked as an underwriter and senior underwriter in the Analytical Section of Bank DeltaCredit’s Credit Department. In June 2008, he was employed by EVROFINANCE MOSNARBANK (Open JointStock Company) in the capacity of Deputy Head of the Mortgage Lending Section in the Retail Lending Division; in July 2009, he was appointed Head of the Retail Lending Section of the Lending Division. From December 2010 to July 2014, he worked at Raiffeisenbank. He was initially deployed to the Retail Service Directorate’s Mortgage Lending Development Department’s Regional Sales Development Team in the position of Team Leader. In April 2012, he was redeployed to the Retail Service Directorate’s Mortgage Lending Development Division’s Mortgage Product Sales Development Section in the position of Section Head; in October 2012, he was redeployed to the Retail and Small Business Service Directorate’s Mortgage Lending Development Division’s Mortgage Product Sales Section in the position of Section Head; in December 2012, to the Retail and Small Business Service Directorate’s Mortgage Lending Development Division’s Mortgage Product Sales Section as Deputy Division Head and Directorate Head; in March 2013, to the Retail and Small Business Service Directorate’s Mortgage Lending Development Division, in the position of Deputy Division Head; in August 2013, to the Retail and Small Business Service Directorate’s Pledge-Backed Lending Development Division’s Secured Loan Sales Development Section as Deputy Division Head and Directorate Head; in November 2013, to the Retail and Small Business Service Directorate’s Pledge-Backed Lending Development Division’s Secured Loan Sales Development Section in the position of Deputy Division Head, Directorate Head and Director. In July 2014, he joined Otkritie Bank in the capacity of Senior Vice President — Director, Pledge-Backed Lending; in October 2014, he was appointed to the position of Senior Vice President — Director, Pledge-Backed Lending and Premium Banking Development; from August 2016 to November 2017, he worked as Senior Vice President — Director, Retail Sales. From November 2017 to February 2018, he held the position of Senior Vice President, and from February to July 2018, the position of Member of the Management Board at Bank Rossiyskiy Capital (Joint stock company). In August 2018, he joined Bank GPB (JSC). From August 2018 to February 2019, he held the position of Vice President, and in February 2019 was appointed First Vice President. In September 2019, he was elected as Member of the Management Board.

Igor V. Rusanov

Born in 1970.

Education: higher; a graduate of Moscow Institute of Physics and Technology with a degree in Engineering Mathematics (1993).

Career: Igor’s career started with the Institute of Design Automation under the USSR Academy of Sciences, where he worked as an Engineer from April 1990 to November 1993. From June 1994 to July 1997, he was employed by Neftekhimbank, where he held the positions of Specialist and Chief Specialist of the Securities Department until May 1996 and Deputy Head of the Dealing Department from June 1996 to July 1997. In July 1997, he was appointed Acting Head of Treasury. In August 1997 he joined Bank GPB (JSC) where he worked as Head of the Promissory Notes and Bonds Section and Deputy Head of Securities Division until February 1999, Deputy Head of Treasury, Deputy Head of Treasury — Head of Liquidity Control and Analysis, and Deputy Head of Treasury — Head of Cash Flow Management from February 1999 to December 2003; Head of Structured and Syndicated Finance Department from December 2003 to September 2004; Vice President — Head of the Debt Capital Markets Department from September 2004 to January 2006; Vice President — Head of the Capital Markets Department from January 2006 to September 2007; Vice President — Head of Structured and Syndicated Financing and Corporate Solutions Department from September 2007 to January 2011. He was appointed First Vice President in January 2011 and elected as Member of the Management Board in February 2013. Mr. Rusanov has been Deputy Chairman of the Management Board since May 2019.

Vladimir M. Ryskin

Born in 1961.

Education: higher; in 1983, he graduated from the Moscow Financial Institute, majoring in Economics.

Career: He started his professional career at Vnesheconombank of the USSR in August 1983, where he successively held positions of Inspector of the Commercial Operations Division, Senior Economist of the Economic Situation Analysis Section of the Commercial Operations Division, Senior Economist of the Precious Metals Section of the Precious Metals Division, Chief Economist of the Precious Metals Section of the International Currency Exchange Transactions Division. From January 1989 to September 1990, he worked at the International Economic Cooperation Bank, where he first was Senior Assistant in the Arbitration Section of the Freely Convertible Currency Operations Division, and then Chief Economist of the Lending Operations and Securities Section of the Freely Convertible Currency Operations Division. From September to December 1990, he was employed by Zhilsotsbank of the USSR, in the capacity of Aide to the Chairman of the Management Board. From November 1992 to July 1994, he worked for Mosbiznesbank as Head of the Currency Exchange Section of the Currency Exchange and International Settlements Division, and then, Deputy Director of the Currency Exchange and International Settlements Division — Head of the Currency Exchange Section. From July 1994 to November 2000, he was an employee of OJSC Onexim Bank, holding positions of Deputy Chairman of the Management Board, First Deputy Chairman of the Management Board, First Vice President. From May to July 2001, he was First Executive Vice President of Commercial Joint Stock Bank Rosbank. From November 2001 to July 2002, he moved to OJSC Avtobank, a commercial bank, and was Deputy Chairman and then Chairman of that bank. From June 2003 to August 2007, he worked for OJSC Bank Uralsib, in the position of Chief Executive Officer, Chairman of the Management Board, First Deputy Chairman of the Management Board. In October 2009, he joined Bank GPB (JSC) as First Vice President. In February 2017, he was elected as Member of the Management Board of Bank GPB (JSC). Mr. Ryskin has been Deputy Chairman of the Management Board since May 2019.

Alexander I. Sobol

Born in 1969.

Education: higher; a graduate of S. Ordzhonikidze Moscow Aviation Institute majoring in Engineering Economics (1991). Awarded a degree of Candidate of Sciences in Economics in 2003.

Career: Alexander started his career in February 1989 in S. Ordzhonikidze Moscow Aviation Institute, where he worked as a Technician and an Engineer until September 1993. In September 1993 he joined Russian National Commercial Bank (RNCB) and worked there until November 1998 in the positions of Economist, Head of the Financial Resources Department, Deputy Head and Head of the Consolidated Analysis Department, Vice President of the Bank, Vice President and Head of the Compliance Control Service, and Deputy Chairman of the Management Board and Head of the Compliance Control Service. Alexander joined Bank GPB (JSC) in November 1998 and held the positions of Advisor to the Chairman of the Management Board from November 1998 to February 1999 and Deputy Head of Strategic Development and Resource Planning and Advisor to the Chairman of the Management Board from February 1999 to November 1999. He has been Deputy Chairman of the Management Board of Bank GPB (JSC) since November 1999.

Alexander M. Stepanov

Born in 1976.

Education: higher; a bachelor’s degree from Moscow State Institute (University) of International Relations (MGIMO) in Management with a minor in a foreign language (1997); a master’s degree from G. V. Plekhanov Russian Academy of Economics in Economics (1999). Awarded a degree of Candidate of Sciences in Economics in 2000.

Career: Mr. Stepanov started his career in April 1994 with Sozidanie LLP as a Computer Operator. From February 1997 to December 1999 he worked as a Consultant at Monitor Eurasia Africa Ltd. and then as a Consultant in the Moscow Representative Office of A.T. Kearney GmbH from January 2000 to April 2001. From April 2001 to October 2004, he held the position of Analyst, Deputy Director of Transportation Projects, and Investment Director in Finartis LLC. In October 2004, Alexander joined Gazprombank as Director of the Project Finance Department until October 2006 and Advisor to the Chairman of the Management Board from October 2006 to February 2011. From February 2011 to September 2017, he was First Vice President — Head of the Strategic Industrial Assets Department. Elected as Member of the Management Board in November 2014. He has been Deputy Chairman of the Management Board since September 2017.

Tigran G. Khachaturov

Born in 1979.

Education: higher; in 2000, he graduated from the G.V. Plekhanov Russian Academy of Economics, majoring in Economics.

Career: Mr. Khachaturov embarked on his professional career in September 2000 at the Enterprise for Product Supplies of the Administrative Department of the President of the Russian Federation, a federal state unitary enterprise, as Head of the Financial Analysis Section, then held positions of Head of the Financial Analysis and Planning Section, Acting Head of the Financial and Economic Division. From April 2002 to August 2007, he worked for Techsnabexport, a joint stock foreign trade company, as Director of the Internal Control and Audit Department, Director of the Financial Department, Deputy General Director (Finance), First Deputy General Director. From August 2007 to May 2013, he was employed at OJSC Atomredmetzoloto, holding the position of First Deputy General Director and then of Acting General Director. From June 2013 to July 2014, he was First Executive Vice President, Head of the Representative Office of Uranium One Holding N.V. (Netherlands) in Moscow. From July to December 2014, he was employed as Advisor to Director of JSC Atomic Energy Power Corporation (Atomenergoprom). In April 2015, he joined Bank GPB (JSC) as Advisor to the Chairman of the Management Board, and in August 2016, he was appointed to the position of Head of the Bank’s Restructured Assets Management. In September 2017, he was elected as Member of the Management Board of Bank GPB (JSC). He has been Deputy Chairman of the Management Board since August 2019.

Corporate Governance in the Bank
The Bank is managed in compliance with the legislation of the Russian Federation and the Bank’s Articles of Association.
 

According to the Bank’s Articles of Association, the Bank’s management bodies are: the General Shareholders Meeting, the Board of Directors and two executive bodies that manage the Bank’s day-to-day operations: the sole one (Chairman of the Management Board) and the collective one (the Management Board).

The Bank’s supreme management body is the General Shareholders Meeting. The Bank’s Board of Directors is in charge of the general management of the Bank’s operations, except for matters reserved for the General Shareholders Meeting in accordance with the laws of the Russian Federation and the Bank’s Articles of Association. The Bank’s day-to-day operations are managed by its executive bodies.

The Bank’s Articles of Association authorize the Bank’s management bodies to delegate some of their powers to collective bodies which they may set up. Thus, members of the Bank’s Board of Directors comprise the Audit Committee and the Compensation Committee. Members of the Bank’s Management Board participate in committees and advisory bodies set up by the Management Board and the Chairman of the Management Board to jointly review key issues related to the Bank’s activities. Committees meet on a regular basis. In the reporting year, the Bank’s annual General Shareholders Meeting was held, which approved the Bank’s 2018 annual report and annual accounting (financial) statements, payment of 2018 year-end dividend as well as the relevant record date, the Bank’s auditor, and the composition of Bank’s Board of Directors and Revision Commission; the meeting also heard other matters included in the agenda of the Bank’s annual General Shareholders Meeting.

In its activities and operations, the Bank adheres to the principles of corporate governance, which were recommended for use by the Bank of Russia and the Basel Committee on Banking Supervision. For that purpose, the Bank maintains the Corporate Governance Code (hereinafter, “the Code”) and monitors compliance of the Bank’s activities and operations with international and Russian principles of corporate governance, efficiency of the risk and capital management system functioning at the Bank and across the Gazprombank Group, transparency of information, responsibility and accountability of the management.

The Bank’s management bodies continuously improve the decision-making system and corporate controls to ensure efficient management of the Bank. In accordance with the recommendations of the Bank of Russia and the Code, a review of the Bank’s corporate governance system was performed in 2019. The next such review will take place in the first quarter of 2021.

Bank GPB (JSC) Organizational Management Flowchart

As of 1 January 2020

 
Internal Control System
An efficient internal control system is essential for the steady development of Gazprombank.
 

A well-functioning system ensures timely response to current challenges, changes in the competitive and regulatory environment, which allows the Bank to achieve strategic goals it has in view.

The Bank makes every effort to adopt an efficient internal control system as an element of its competitive edge. The internal control system affects all managerial levels, all areas of operations, all branches and divisions of the Bank. Efficiency criteria of the Bank’s system of internal controls include uninterrupted functioning of all its components and minimization of all significant risks. The Bank has put in place procedures of regular monitoring of the internal control system.

Internal controls at the Bank are designed in a package, with the application of both regulatory requirements and generally accepted international practices, including the Three Lines of Defense Model. That approach provides the Bank’s management bodies with the required level of assurance that the internal control system functions properly.

Setting up the system of effective internal controls and getting it to function is a mission that falls within the authority of the Bank’s Board of Directors. The Bank’s internal control system includes:

  • management bodies responsible for building the corporate control culture in the Bank to emphasize and demonstrate the significance of internal control and audit to personnel at all levels;
  • the Revision Commission of the Bank;
  • Chief Accountant and Deputy Chief Accountants of the Bank;
  • Branch Manager and Chief Accountant of a branch and their deputies;
  • business units and employees of the Bank in charge of internal control by their authority as stated in the Bank’s internal regulations.

The Internal Audit and Internal Control Services are an integral part of the internal control system.

Compliance control

One of the integral parts of the internal control system is compliance control. The core of the compliance risk management system is the Compliance Control Service (CCS).

The CCS exercises compliance control in the following areas:

  • compliance with the applicable rules, regulations and standards by the Bank;
  • prevention and detection of competing interests that may arise in the course of the Bank’s activity and conflicts of interest involving the Bank’s employees;
  • performing the functions of a controller of the professional stock market operator;
  • performing the functions of a controller of the Bank’s specialized depository;
  • internal control aimed at prevention of illegal use of insider information and market manipulation, including compliance with the EU Market Abuse Regulation (MAR);
  • internal control aimed at compliance with the US Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS), and any applicable Russian laws by the Bank and all entities of the Gazprombank Group;
  • internal control aimed at compliance with the EU General Data Protection Regulation (GDPR);
  • development of unified approaches to internal control for all entities within the Group.

The CCS submits regular reports to the Bank’s Board of Directors and the Management Board on its work and identified compliance risks. CCS officers are members of the Compliance Risk and AML/CFT Committee of the Association “Russia” and the AML/CFT, Internal Control and Regulatory (Compliance) Risk Committee of the National Financial Market Council (NFMC), and play an active role in the task forces of the National Association of Securities Market Participants (NAUFOR), National Finance Association (NFA) and NFMC looking at matters related to insider information, FATCA, internal control and compliance. They are also members of the task force working on the development of a global compliance control concept for finance institutions.

Internal audit

The Internal Audit Service is an important element of assuring the effective functioning of the Bank’s internal control system; its function is exercised at the Bank by the Internal Audit Department.

The Internal Audit Department is part of the Bank’s system of internal control bodies and is an independent structural unit reporting and directly accountable to the Bank’s Board of Directors.

The Internal Audit Department assists the Bank’s governance bodies in assuring the efficient functioning of the Bank and Bank Group companies, guided by the principles of going concern, independence, fairness, and professional competence. The Bank takes all necessary action to provide an environment that enables the Internal Audit Department to perform its functions without impediment and in an effective manner.

The Internal Audit Department is guided by best internal audit practice, including the international principles underlying professional internal audit practices, and by the requirements of the law.

The Internal Audit Department performs comprehensive audits of the operations of each of the Bank’s structural units, or of each kind of operations and transactions, at least once every three years. On the basis of the findings of such audits, Bank units take action aimed at improving their internal control systems. The Internal Audit Department exercises permanent oversight over the effectiveness of actions taken by the Bank’s units and governance bodies on the basis of audit findings.

The Head of the Internal Audit Department reports to the Bank’s Board of Directors at least once every six months on progress against the Internal Audit Department Work Plan, providing information on actions taken on the basis of audit findings in the respective reporting period.

Financial Statements