OREANDA-NEWS. January 13, 2012. BTA Bank informs that Mr. Marat Z. Zairov has resigned from the position of the Chairman of the Management Board of BTA Bank on his own initiative due to health reasons.

Hereby the Bank would like to state that information circulated in some mass media that Mr. M.Z. Zairov has resigned from the position of the Chairman of the Management Board of BTA Bank due to “disagreements in approach to the restructuring of bank’s indebtedness and asset recovery including foreign ones” does not reflect the reality.

Responsibilities of the Chairman of the Management Board of BTA Bank are temporarily passed to Mr. Askhat N. Beisenbayev, Deputy Chairman of the Management Board.

Please be informed that from January 11, 2012 Mr. Christoph Schoefboeck has resigned from his position as a Member of the Board of Directors (Creditor Director) of JSC BTA Bank.