International Industrial Bank

International Industrial Bank (in Russian: Международный Промышленный Банк, often abbreviated as Mezhprombank, Межпромбанк, or MPB, МПБ) is one of the largest Russian banks founded in 1992 by Sergey Pugachyov and Sergey Veremeyenko. It is not to be confused with another Russian bank officially called Mezhprombank (Interindustrial Bank).

In 2006 the bank uncovered that OPK Trust Company based in New Zealand owns 100 percent share of it. OPK Trust Company is controlled by Sergey Pugachyov. [http://www.banki.ru/news/bankpress/?ID=188826]

Sergey Pugachyov, now a member of the Federation Council of Russia representing Tuva, had been the Chairman of the Board of Directors of Mezhprombank until January 2002.

On November 262001, Novaya Gazeta published an article by Oleg Lurie claiming that the management of the bank had been involved in money laundering in the Bank of New York (full text of the article in Russian: [http://2001.novayagazeta.ru/nomer/2001/86n/n86n-s08.shtml] ). The International Industrial Bank in response brought a libel suit against the newspaper citing financial losses, as a number of its customers had allegedly changed the terms of their accounts in a loss-making way because of the publication. On February 282002, the bank won the case in Moscow's Basmanny municipal court and was awarded 15 million rubles (about $500,000) in lost revenue, an unprecedented sum for Russian newspapers. In April the decision was reconfirmed by a court. However, in an article of May 272002 (full text in Russian: [http://2002.novayagazeta.ru/nomer/2002/37n/n37n-s08.shtml] ), Yulia Latynina, a journalist of Novaya Gazeta, revealed that the bank's three customers named in the lawsuit were its subsidiaries or otherwise controlled by its board of directors, and claimed that Novaya Gazeta had requested to open a criminal fraud investigation into the activities of the bank. As a result, in June 2002 the bank renounced its claim to the compensation. [http://www.cdi.org/russia/johnson/7083a.cfm] [http://www.felshtinsky.com/books/put/Put_7.doc]

Board of Directors

(as of February 2007)
* Gerald Kowalski (Chairman)
* Alexander Gnusaryov (Deputy Chairman)
* Bert Vos
* Galina Goreva
* Vladimir Grechushkin
* Gustav Stenbolt
* Didier Deconinck
* David Henderson-Stewart
* Inna Yevdokimova
* Jean-Paul Dessertine
* Sergey Melnikov
* Nina Oreshkina
* Natalia Samkova
* Maria Safonova
* Dmitry Sakhno
* Serge de Pahlen
* Andrey Snitko

Management

(as of February 2007)

* Alexander Gnusaryov (Executive Direction Chairman)
* Natalia Samkova (Manager)
* Alexander Didenko (President)
* Sergey Melnikov (First Deputy Manager)
* Anatoly Ivashchenko (First Deputy Manager)
* Maria Safonova (First Deputy Manager)
* Andrey Snitko (First Deputy Manager)
* Galina Avanesova (Deputy Manager)
* Galina Goreva (Deputy Manager, Chief of the Internal Control Service)
* Inna Yevdokimova (Deputy Manager)
* Oleg Klimanov (Deputy Manager)
* Alexander Kuzmin (Deputy Manager)
* Irina Letunovskaya (Deputy Manager)
* Sergey Lipanov (Chief Accountant)
* Marina Ovsyannikova (Deputy Manager)
* Kirill Sviridov (Deputy Manager)

External links

* [http://www.iib.ru Official site] (in Russian)