On 18 December 2007, Ronnie Richardson, president of the management board of Kredyt Bank (KBC Group’s Polish banking subsidiary), submitted his resignation to the Supervisory Board of Kredyt Bank, to take effect on 29 February 2008. The supervisory board of Kredyt Bank has accepted his resignation. Richardson stated that he came to this decision as he wanted to explore new career opportunities. The supervisory board has appointed Maciej Bardan as successor to Richardson, pending the approval of the Polish Banking Supervisory Authorities. The supervisory board of Kredyt Bank will propose to the Banking Supervisory Authorities that, with effect from 1 March 2008, Bardan be appointed president of the management board. With the support of KBC, Bardan will continue to pursue Kredyt Bank’s strategy and will focus on the further implementation of the banc assurance concept and the continued growth and development of the bank, in close co-operation with Warta, KBC Group NV’s insurance subsidiary in Poland.
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