OREANDA-NEWS. On July 18, 2008 The Supervisory Board of VAB Bank appointed Tsvetan Petrinin as Deputy Chairman of the Management Board responsible for retail business. Mr Petrinin will take over the responsibilities of Zhanna Alekseyeva, who has resigned from the bank due to family reasons, and will also occupy the position of Head of Retail Business and Distribution at VAB Bank, reported the press-centre of VAB Bank.

Tsvetan Petrinin graduated from the Bulgarian University of National and World Economy with MSc degree in International Economic Relations.

Before joining VAB Bank, Mr Petrinin was employed at First Investment Bank (Sofia), one of the largest retail banks of Bulgaria, and also worked with two Russian banks.

Mr Petrinin held the position of Head of Retail Business at First Investment Bank. Under his guidance deposits grew by 90% and loan portfolio of the bank increased by 200% which allowed the bank to enter top 5 mortgage lending institutions.

According to Peter Baron, VAB Bank Chairman of the Management Board, professional achievements and experience of Mr Petrinin, the range of products and services offered by VAB Bank, as well as the continuous improvement of quality of the services provided will help not only to keep up the company’s development dynamics, but also to achieve the best results in retail segment.