Dmitry Orlov (banker)
Dmitry Lvovich Orlov | |
|---|---|
| Born | 1943 |
| Died | 2014-12-05 |
| Occupation | Banker |
| Known for | Founder, principal shareholder, and Chairman of Vozrozhdenie Bank |
Dmitry Lvovich Orlov (1943–2014) was a prominent Russian banker, recognized as the founder, principal shareholder, and Chairman of Vozrozhdenie Bank.
Early life and education
Orlov completed his studies at the Moscow Institute of Finance in 1968.
Career
During the 1970s, Orlov served as a senior credit inspector within the Krasnogorsk branch of the State Bank. By 1980, he had advanced to oversee the Mytishchi branch, and in 1986, he took charge of the Moscow Regional Office. In 1987, he was appointed head of the Moscow Regional Department at Agroprombank.
Following the corporatization process in 1991, Vozrozhdenie Bank emerged from this management framework. By the mid-1990s, Orlov secured a controlling interest and transformed the bank into a traditional commercial institution. The bank’s approach centered on conservative financial services including settlement transactions, lending, and deposit products tailored to small and medium-sized businesses along with their workforce.
Orlov held the position of Chairman of the Management Board at Vozrozhdenie Bank from its inception in 1991 until June 2012. In 1997, to attract Western capital, the bank issued ADRs across three international stock exchanges. Early in 2008, he rejected a $2 billion takeover proposal from BNP Paribas, thereby preserving independent governance of the bank.
Later life and death
In his later years, Dmitry contributed as a member of the Banking Council under the Government of the Russian Federation, participated on the Advisory Board for the Association of Banks of Russia, engaged with Russia's Economic Council, and chaired the board of trustees at the Financial University under the Government of the Russian Federation. He earned recognition as the Patriarch within Russia’s banking industry.
Dmitry Orlov died on December 5, 2014. He was survived by his wife and two children, both employed by Vozrozhdenie Bank. In 2015, his family sold their shares in the bank to Promsvyazbank, which is controlled by the Ananyev brothers. By June 2017, Nikolai Orlov had completely divested from the bank’s ownership.
Recognition
- Awarded Honored Economist of the Russian Federation on September 23, 2002.
- Recognized as Best Banking Chairman of the Board in Russia for 2014 by Global Banking & Finance Review.
- A biography dedicated to Dmitry Orlov was released in August 2018 as part of the “Economic Chronicle of Russia” series.