Bank Saint Petersburg announced the change of its Registrar

The Supervisory Council of OJSC Bank Saint Petersburg decided to terminate the agreement with the Bank’s Registrar – CJSC PCRC and approved OJSC Moscow Central Depository (MCD) as its new Registrar.

The decision to change the Registrar follows the Bank’s recent IPO and the start of the Bank’s shares trading on the Russia’s largest exchanges – RTS and MICEX. Being public company, Bank made the evaluation of the potential Registrar on the base of modern technologies, business reputation, high-performance software and developed branch network. Bank considered and analyzed the proposals made by major Russia’s specialized registrars and, as a result, has chosen OJSC MCD.