order, Vladimir Kolovay and Andrei Katkov. The current head of the board of directors is Yury Kovalchuk, who has held this position since 2004. Director General and Head of the Management Committee: 1993–1995: Vitaly Savelyev 1995–1998: Viktor Myachin 1998–1999: Mikhail Markov 1999–2004: Viktor Myachin September 2004 – April 2006: Mikhail Klishin Since April 2006: Dmitri Lebedev On September 24, 2004, Viktor Myachin resigned from the Director General position and Mikhail Klishin, who had been the First Deputy Director General and held a 0.197% share, was appointed acting Director General. On December 10, 2004, Mikhail Klishin was appointed Director General, as the Central Bank of the Russian Federation had agreed to this decision. On April 3, 2006, the board of directors appointed Dmitry Lebedev Director General and Head of the Management Committee. Mikhail Klishin (holder of a 0.159% share) was appointed First Deputy Director General. The Management Committee appointed on that day: Dmitry Lebedev, Oleg Anufriev, Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Galina Lebedeva, Alexander Markin, Oleg Filatov. On December 26, 2006, the board of directors of the Bank elected its new Management Committee consisting of Dmitry Lebedev (Head, Director General), Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Alexander Markin and Boris Tikhonenko. Subsidiaries As of 2005, the bank is a shareholder of the following companies): JSC ABRos Investment Company (100%) JSC Alfa Invest (100%) JSC ABR Trust (100%) JSC ABR Security Company (100%) JSC ZEST (100%) JSC Sankt-Peterburgskie Vedomosti Editorial House (20%, increased up to 35% in 2005) JSC newspaper Sankt-Peterburgskie Vedomosti (20%, increased up to 35% in 2005) JSC Fund for Regional Development of St. Petersburg (15%) JSC Center for Innovative Management (10%). JSC Red Chemist (7.36%). In January 2005 it turned out that ABRos, a subsidiary of the bank, and Accept, one of its shareholders, held a 49.97% share and a 13.5% share of the insurance group SOGAZ Ltd., respectively after a 49.979% share of the SOGAZ group had been sold by the Russian gas giant Gazprom to an unnamed purchaser for 1.69 billion rubles on July 26, 2004, and in August 2004 Gazprom had sold 26% more of SOGAZ for 879.3 million rubles. In November 2005 ABRos Investment Company (chairman of the board of Directors since September 11, 2006: Lyubov Sovershaeva) purchased a 37% share of the Petersburg TV and Radio Company. Also it owns a considerable share of the Media Holding Ren TV