ALMATY, June 27, 2017 – By the decision of the Eurasian Bank JSC shareholders, a new Independent Director, Inessa Kim, was elected to the Board of Directors.

The appointment of the Independent Director is related to implementation of the Bank development strategy adopted in early 2017 and is aimed at improving corporate governance quality, bringing it in line with the best international practices.

Thus, the membership of the Board of Directors of Eurasian Bank JSC expanded to 10 people. To date, it includes Aleksandr Mashkevich, Patokh Shodiev, Shukhrat Ibragimov, Pavel Loginov, Boris Umanov, Nikolay Radostovets, Olga Rozmanova, Alan Bowen, Bagytzhan Kozhrakov, Inessa Kim.

For information:

Kim Inessa Cher-Kvanovna is а professional banker with a 20-year experience. She began her career path in 1988 at the Republican Information and Computing Center of the Ministry of Communications of the Kazakh SSR. In different years she worked in leading positions at international and Kazakhstan banks.

From 1995 to 2005 she held executive positions at Eurasian Bank CJSC: from Head of  International Settlements Unit and Director of International Relations Department to First Deputy Chief Executive Officer of the Bank and the Chief Executive Officer of Eurasian Bank CJSC.

Inessa Cher-Khvanovna has two higher educations: in 1988 she graduated Kazakh Polytechnic Institute named after Lenin with a degree in Automated Control Systems, in 1997 – the Institute of the Market under the Kazakh State Management Academy with a degree in Finance and Credit.

Eurasian Bank is a universal Kazakhstan bank, founded in 1994. It has a subsidiary in Russia (Moscow) with branches in Novosibirsk, Omsk and Chelyabinsk. It is rated “B” by S&P with a “stable” outlook. Eurasian Bank is a member of KASE and a party to KazPrime. The Bank’s accomplishments were acknowledged by the following awards: Best Bank in Kazakhstan 2014 (IAIR), Best Bank in Kazakhstan 2013, 2014 and 2015 (EMEA Finance), Domestic Retail Bank of the Year, Kazakhstan in 2012, 2013,  2015 and 2016 (Asian Banking & Finance), Best Bank in Kazakhstan 2012 (Euromoney), and Bank of the Year 2012 and 2014 Kazakhstan (The Banker)..

Eurasian Bank belongs to the owners of Eurasian Resources Group S.a.r.l. («ERG»), a large diversified company in extraction and development of natural resources area, representing more than 4% of Kazakhstan’s GDP and about a third of its metallurgical and mining industry. To date, Eurasian Resources Group is the largest ferrochromium producer and one of the main producers of iron ore and alumina in the world. Eurasian Resources Group’s production assets and development projects cover four continents. The company is the largest employer in the industry as well. The Group is represented by more than 80,000 employees around the world. The shareholders of the Group: Aleksandr Mashkevitch, Alidzhan Ibragimov and Patokh Shodiev.