The new board of directors of Vozrozhdenie Bank elected on June 1, 2015 on the annual general meeting of shareholders held its first meeting. Otar Margania was elected as chairman of the board of directors, Sergey Malinin as secretary of the board of directors and Mukhadin Eskindarov as deputy chairman of the board of directors. The board of directors also considered the issue on termination of powers of Lyudmila Goncharova, member of the management board, due to expiration of labour contract by mutual consent.