OREANDA-NEWS. August 14, 2007. MDM Bank has announced appointment of Victor Shalimanov as Head of Credit department. Previously this post was held by Oleg Mashtalyar who on August 7, 2007 was appointed Deputy Chairman of the Management Board, Chief Operating Officer, responsible for building and developing the Bank’s operations and middle-office functions.

Victor Shalimanov started working with the Bank in 1998 as credit officer and moved on to become Head of Regional Credit Development Section.

Michel Perhirin, Chairman of the Management Board of MDM Bank, pointed out that Victor’s appointment to this new position was predetermined by his professional competency and experience in credit process development across the Bank’s network. “Victor will have major tasks set before him, - said Mr. Perhirin. - Besides overseeing current work of the Credit department, special focus will be made on regional credit units development as well as continued development of factoring, new business line of the Bank.”