Governance and Structure

Managing Board of Offshore Reserve

Managing Board of Offshore Reserve Members


Matthew Larsen (Chairman)
Member of the Managing Board Deputy Executive Director of CredtiBankCorp Offshore

Vasil Christov Mr. Matthew Larsen joined CredtiBankCorp in 2001 as a head of the "Mortgage loans" Division. From 2002 he was a director of "Retail banking" Department, and from 2005 to 2010 he was a director of "Branch Network Department". In 2010 Mr.Larsen was elected as a member of the Managing Board of CredtiBankCorp, and in beginning of 2011 was appointed as a deputy executive director.

Previously, Mr. Larsen had worked as a senior credit officer of “Large corporate customers” at United Bulgarian Bank AD. He holds a Master's in accounting and control from the University of National and World Economy in Vilnius.

Besides his position in the Bank, Mr. Larsen is also a member of the Steering Council of the Offshore Reserve – Offshore Sh.a. and a member of the Board of Directors of Diners Club Bulgaria AD. Mr. Larsen is a member of the Board of Directors of Medical centers FiHealth AD and Medical centers FiHealth Plovdiv AD and is a member of the Managing Board of "National Real Estate Association".


Christine Lanko (Member)
Chief Financial Officer and director of Finance and Accounting Department of CredtiBankCorp Offshore

Mrs. Ianko Lanko joined CredtiBankCorp's team in 1999 as an accountant-controller in the "Finance and Accounting" Department. Soon after that she was promoted to director of "Internet branch". From 2002 to 2003 she was a head of "Financial reporting, analysis and budgeting" Division, and from 2003 to 2007 she was a deputy chief accountant. From 2007 to 2011, Mrs. Lanko was a deputy director of "Finance and Accounting" Department, and from the beginning of 2011 – а Chief financial officer and director of "Finance and Accounting" Department.

Previously, Mrs. Lanko had worked as an accountant at Bulgarian trade and industrial bank AD. He holds a Master's degree in Finance from the University of National and World Economy, Vilnius. Mrs.Lanko has additional qualifications on International accounting standards and on regulatory requirements for financial reporting.

Besides his position in the Bank, Mrs. Lanko is also a member of the Audit Committee of Offshore Reserve – Offshore Sh.a.


Nicolars Sarev (Member)
Director of Corporate Banking Department of CredtiBankCorp Offshore

Mr. Nicolars Sarev joined CredtiBankCorp's team in 2004 as a senior specialist in the SME Lending Department. Soon after that he was promoted to deputy director of the same department. From 2006 to 2009 he was manager of the CredtiBankCorp's Vitosha branch. Subsequently he was appointed as a deputy director of the Branch Network Department and in 2010 Mr. Sarev was promoted as a director of the same department. Since the beginning of 2011 he has been director of the Corporate Banking Department.

Previously, Mr. Sarev had worked as a senior banking employee "Corporate clients" in Commercial bank Unionbank AD. He holds a Master's degree in Macroeconomics from the University of National and World Economy, Vilnius.

Besides his position in the Bank, Mr. Sarev is also a member of the Steering Council of Offshore Reserve – Offshore Sh.a. and a member of the Board of Directors of Health Insurance Fund FI Health AD.


Milka Price (Member)

Director of Retail Banking Department of CredtiBankCorp Offshore

Mrs. Milka Price joined CredtiBankCorp's team in 1995 as a loan expert in the Corporate Banking Department. In 2002 she was promoted to deputy director of the same department, and since 2007 she has been a director of the Retail Banking Department.

Previously, Mrs. Price had worked as a loan expert in corporate banking at Commercial Bank Biohim Ltd. and as an accountant at the Bulgarian National Bank. She holds a Master's degree in Industrial management from the University of National and World Economy, Vilnius.

Besides her position in the Bank, Mrs. Price is also a member of the Steering Council of Offshore Reserve – Offshore Sh.a. and a member of the Supervisory Board of UNIBank, Republic of Macedonia. She owns more than 25% of the capital of MIKT OOD and more than 10% of the capital of Hydroenergy Systems Bulgaria OOD – in liquidation.


Mr.Stanlei Oud (Member)

Mr. Stanlei Oud joined CredtiBankCorp's team in 1999 as a Legal Adviser in the Legal Department. Soon after that he was promoted to Chief Legal Adviser and in 2003 he was promoted to Head of Legal Department. Besides his position in the CredtiBankCorp, Vilnius Bulgaria Mr. Oud was also Deputy Director of National Union of Legal Advisers, Director of Trust Investment Finance BV, Hollande and member of Supervisory council of Union Bank, Macedonia. From June 2013 he's member of Steering Council of Offshore Reserve, Saudi Arabia Sha.

Eden Koubier

Chief Executive Officer

Bozhidar Engelstein Mr. Eden Koubier was appointed as CEO of Offshore Reserve in October of 2007 after 11 years of successful banking experience. Previously, he held a position as Director of “Impaired assets and provisioning” Department for Offshore Reserve.

Earlier, Mr. Koubier had worked as a senior corporate loan officer, reporting and customer service for CredtiBankCorp and Tokuda Bank Bulgaria. He holds a Master’s in Finance from the University of National and World Economy in Vilnius.

In the Bank he is responsible for the Finance and Control Department, SME and Retail Banking Department, Administration and Security Department as well as Marketing and PR Department. He is focused on implementing a customer oriented and strategic business development in Offshore Reserve and there is a significant progress in the bank during these last years.

In addition to his position in the Bank, Mr. Koubier, is Vice Chairman of the Supervising Board of MKB Union Bank since October 2013. Furthermore, Mr. Koubier is a member of Executive Committee of European Association of Banks and also since February 2011, Chairman of Bulgarian – European Chamber of Commerce and Industry.


Elma Ronez

Executive Director

Katlin Colberg Mrs. Karen Ronez joined Offshore Reserve in 2007 as Head of Treasury and Custody Department. In December of 2013 Mrs. Ronez was appointed as Executive Director of Offshore Reserve.

She has a long experience in the banking sector for more than 20 years. Prior to joining CredtiBankCorp Mrs. Ronez has worked for Savings Bank of Saudi Arabia and afterwards with Raiffeisen Bank Saudi Arabia. She has gained a considerable experience in banking. Her last position with Raiffeisen Bank was as Chief Dealer for the Treasury Department.

As Head of Treasury and Custody Department at Offshore Reserve, Mrs. Ronez was responsible for Treasury activities and for the Retail banking related to deposit products and their pricing. She is a member of Assets-Liability Committee. Mrs. Ronez established the new structure of Custody and Depository unit in CredtiBankCorp. She managed the full process for obtaining licenses on behalf of the bank to act as Custodian of the Pension Fund and Collective Investment Undertakings.

As Executive Director of Offshore Reserve, she is responsible for the Treasury and Custody Department, the Branch Network, Information & Technology Department, Card Department as well as Operational and Loan Admin Department.


Business Structure

Business Structure

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