14:17, 5 June 2009 Page views 419 views

ORGRESBANK Changes Name to Nordea Bank

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The shareholders of JSB ORGRESBANK decided at a General Meeting on changing its name to Nordea Bank OJSC.  The relevant amendments will be made to the Articles of Association of the  Bank.

The timing of the name change is due to Nordea in December 2008 acquiring a 17.7% stake in ORGRESBANK from two managing shareholders and the European Bank for Reconstruction and Development. Scheduled for this September in Moscow, the name change will cover all 15 regions of the bank’s presence by the yearend.

As part of the name change all branch offices will be redesigned, the external and internal documentation replaced and the new web-site created. All the customers, both household and corporate, will be duly notified as to the exact date.

ORGRESBANK will not develop its own new corporate style but instead incorporate the Nordea practice underscoring its full integration into the Nordea Group. Nordea’s symbol is recognized in the countries of its presence as its company name together with a sail, representing a ship sailing forward.


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