OREANDA-NEWS. A Bank of Moscow press conference "Development strategy for the Bank of Moscow’s presence in the Volgograd Region. Official presentation of the new head of the Bank of Moscow Volgograd subsidiary" has been held in the "Volgograd City" conference hall. Participating in the press conference were Maxim Kokorin, Vice-President and Director of the Bank of Moscow Corporate Sales Administration Department, Miguel Markaryants, Director of the Bank of Moscow network Retail Sales Department, and Andrey Stulnikov, head of the Volgograd subsidiary of the Bank of Moscow.

The press conference covered the development prospects of the Bank of Moscow over the next few years, announced the main goals and tasks facing the Bank in Volgograd and presented the new head of the subsidiary, Andrey Stulnikov.

In 2011, the Bank of Moscow jointed the VTB Group, this introducing the best developments and new technologies into the Bank’s work. The Bank’s development strategy is for the Bank of Moscow to develop as an independent, universal, commercial bank within the framework of the VTB Group.

Miguel Markaryants called the three-fold increase in the sales of the Bank’s loan products in 2012 compared to the reporting period of 2011 the main indicator of the successfully chosen strategy for developing the Bank of Moscow’s retail business. This senior manager also noted that, in 2012, the credit portfolio had increased by 25.7 billion roubles, the volume of the resource portfolio of individual clients having now reached its historical maximum at about 178 billion roubles. Speaking of the plans for 2013 in the retail business segment, Miguel Markaryants stressed that the key tasks for the current year consist in maintaining active growth indicators of the credit portfolio at the 2012 level, raising the growth rate of deposits by 50%, expanding the Bank’s product line and improving client services.

In turn, Maxim Kokorin announced the Bank of Moscow’s goals and tasks for 2013 in the context of the strategic course for development of the medium and small-sized business segment. For instance, the Bank’s plans include increasing the credit portfolio of small and medium-sized business clients 1.7-fold to 147 billion roubles and expanding the resource base of such clients 1.2-fold to 122 billion roubles.

The participants in the conference noted that expansion of the branch network and strengthening of the Bank’s positions in the regions constitute a major element of the Bank of Moscow’s new strategy.

"The management of the VTB Group and of the Bank of Moscow is aware that the focus on the regional sector has tremendous prospects. In particular, the Volgograd Region has deep historical roots of entrepreneurship and a major potential for development of small and medium-sized business", so Andrey Stulnikov believes. "The Volgograd Region is one of the most economically developed constituted entities of the Russian Federation, having a balanced economic structure, and is a priority region for the Bank of Moscow".

On taking up his new post, the head of the Volgograd subsidiary stated that a new concept would be implemented in the Region for the Bank’s development, in accordance with the strategy adopted at the end of 2011. "Our team’s main goal is to take leading positions on the banking market of the Volgograd Region. And to do this, we must, first of all, provide our clients with quality services, make the Bank of Moscow more client-orientated and recognizable", Andrey Stulnikov summed up.

Andrey Stulnikov has three university degrees. In 1997, he graduated in machine-building technology from the Volgograd State Technical University; in 2004 he obtained a diploma in anti-crisis management from the same university and in 2000 was awarded his Candidate of Sciences (Technical) postgraduate degree. He began his career in banking in 2003 with the Volgograd branch of OAO KB Petrkommerz and he worked for OAO MDM Bank at its Volgograd branch. Later he was transferred to the Volgograd division where, from 2011, he was head of the Operating Office. In February 2013, he was appointed head of the Volgograd subsidiary of the Bank of Moscow.

The Volgograd subsidiary of the Bank of Moscow has been in operation since November 2006, also taking responsibility for the Volgograd Region’s major city, Volzhskiy. The ATM system consists of six terminals. In addition, Bank of Moscow clients can use the 120 ATMs of the unified network of the VTB Group banks: the Bank of Moscow, VTB 24 and TransCreditBank. Some of the ATMs are open round the clock and offer and expanded functional, including commission-free withdrawal of one’s own cash from card accounts.