Ipoteka bank OTP Group announces changes to the Management Board as the bank continues to grow and develop.
Irakli Elashvili, Deputy Chairman of the Management Board and Head of the Corporate Banking and Market Instruments Block, and Maksim Bykov, Deputy Chairman of the Management Board and Head of the Operations Block, are concluding their work at Ipoteka bank OTP Group. The responsibilities for managing the Operations Block have been assigned to Dmitry Volchek, Deputy Chairman of the Management Board.
Irakli Elashvili has served as Deputy Chairman of the Management Board and Head of the Corporate Banking and Market Instruments Block since 2025. During his time at the Bank, Irakli made a significant contribution to the development of the Bank's corporate business and the strengthening of relationships with corporate clients and partners.
“I would like to express my sincere gratitude to Irakli for his professionalism and contribution to the development of Ipoteka bank OTP Group. During his time at the Bank, he played an important role in developing our corporate business and strengthening our relationships with clients and partners. We highly value his contribution to the bank and wish him continued success and all the best in the future”, said Adam Szentpeteri.
In the near future, the Bank will announce a recruitment process for the position of Deputy Chairman of the Management Board responsible for Corporate Banking. Please follow the Bank's official channels for updates.
Maksim Bykov, Deputy Chairman of the Management Board and Head of the Operations Block, is also leaving the Bank's Management Board. Maksim has held this position since April 2025, overseeing the Bank's operations and process efficiency.
“I would like to thank Maksim for his leadership, commitment to results and contribution to the team. During his time at the Bank, Maksim and his team significantly strengthened the Bank's operational efficiency. The results achieved with his involvement and the processes established will serve as a solid foundation for further strengthening business resilience. I wish Maksim every success in the next stage of his professional journey and thank him for his work and contribution to our shared history”, said Adam Szentpeteri.
Earlier, international rating agency Fitch revised the outlook on Ipoteka bank OTP Group's rating from “Stable” to “Positive”, highlighting the Bank's strong financial performance. For the second consecutive quarter, Ipoteka bank OTP Group has maintained its leading position among banks in Uzbekistan in terms of net profit. In the first half of 2026, the Bank's IFRS net profit reached UZS 1.24 trillion, representing a 43% increase compared to the same period last year.
Read more about how Ipoteka bank OTP Group achieved these results in this article.
