OREANDA-NEWS. On 13 May 2009 was announced, that Nikolay Sidorov, Chairman of the Management Board of Absolut Bank was elected as a member of the Council of the the Association of Russian Banks at the 20th anniversary congress of the ARB.

The Council of the Association regulates activity of the ARB taking decisions on all priority directions of its activity. The right to be a member of the Council of this largest professional association of Russian banking sector gives a possibility to participate in implementation of all large-scale projects of the ARB and to propose own initiatives aimed at the support of national credit organizations.

Nikolay Sidorov: “When the market is stormy – it is especially important to unite our professional ranks: mobilization and consolidation of joint efforts is a serious resource in solving topical issues. Therefore I highly appreciate this opportunity and will actively participate in projects of the Association.”