BANK SAINT PETERSBURG APPOINTS MARIS MANCINSKIS AS CHIEF EXECUTIVE OFFICER

Maris Mancinskis joined Bank Saint Petersburg as Chief Executive Officer (СЕО), a new position in the Bank’s organizational structure.

Alexander Savelyev will continue to lead the Bank’s strategic development as Chairman of the Management Board. Mr. Mancinskis will be in charge of day-to-day operations, governing Deputy Chairs of the Management Board.

The Supervisory Board of Bank Saint Petersburg will shortly consider the appointment of Mr. Mancinskisas a member of the Bank’s Management Board with the following approval by the North West Main Department of the Central Bank of the Russian Federation.

Alexander Savelyev, Chairman of the Management Board: “We are pleased to welcome a new member of our top management team, a system-thinking professional of international standing with an extensive background in a well-structured organization. Together with top management team and me he should improve the Bank’s management processes, ensuring successful implementation of our revised strategy. The main goals of the CEO will include the improvement of efficient business model of a public bank, development of settlement and transaction business, and corporate culture transformation in order to build a digital bank for the future.”

Maris Mancinskis, Chief Executive Officer: “I am happy to join Bank Saint Petersburg and use my experience, knowledge and skills in one of the largest public and privately-owned banks in Russia with a big potential for development and growth”.

From 2009 till August 2016 Maris Mancinskis headed Swedbank in Latvia and was a top manager at Swedbank AB (Sweden). In 2012-2016 he acted as Chairman of the Association of Latvian Commercial Banks. In 2006-2008: Chairman of the Management Board of Swedbank Russia, member of the Management Board of Hansapank (Estonia). In 2004-2006: head of the Corporate Banking business and member of the Management Board, Hansabanka (later renamed to Swedbank). In 2001-2004: head of Financial Markets Department at Hansabanka and Chairman of the Management Board of Privatus Pensiju Fonds (a private pension fund, part of Hansabank Group).

Mr. Mancinskis was born on June 7, 1974 in Latvia. In 1996 he received a degree in Economics and Management in the University of Latvia, and in 1999 an MBA in Hofstra University.

Bank Saint Petersburg is the leading privately-owned bank of the North-West of Russia. Founded in 1990, the Bank has become an integral part of the financial sector in the North-West of Russia over the past years. The Bank provides services to 1,670,000 individuals and 56,000 corporates through its 58 offices in St. Petersburg, the Leningrad region, Moscow and Kaliningrad. As at July 1, 2016, the Bank was ranked 16th in terms of assets among Russian banks (according to Interfax).

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