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DSK Bank Names Violina Marinova CEO. Net Profit to Rise 39% in 2005.

Europe Intelligence Wire

| December 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From PARI Daily)

Byline: Valentina ILIEVA

DSK BANK appointed Violina Marinova chief executive officer, bank representatives said. She will replace Krasimir Angarski as of January 1, 2005. According to the company's official statement Angarski will resign from the position by mutual agreement with DSK Bank's owner, the Hungarian OTP Bank. Insiders said he was surprised by the changes, though.

Violina Marinova has worked for DSK Bank for 33 years and she passed through all corporate structural levels. She was appointed by the bank's supervisory board which recently okeyed her business plan for 2005. DSK Bank is expected to generate a 39% increase of its assets next year, while the net revenue should jump by 31%. Due to ...

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