The Audit Committee of Bank Vozrozhdenie Board of Directors held a meeting

20 May 2008

The Audit Committee of Bank Vozrozhdenie held a meeting on May 11, 2008.

Report on Audit Committee activity for the period from December 2007 till June 2008 was considered and approved.

Report on Audit Committee includes following information on its activity within the above-mentioned period:

  • Compliance with the meeting schedule earlier approved by the Committee
  • Recommendations on the candidate to the Auditor of the Bank
  • Opinion and recommendations prepared for the Board of directors on items within Committee’s competence
  • Absence of evolved breaches in order of accounting and financial reporting established by the Russian Federation laws. Confirmation of the bank compliance with other Russian Federation legislation in the course of its business.
Bank Vozrozhdenie posted Q1 2008 profit of 1,140.3 million rubles in a RAS statement
The Annual General Meeting of Shareholders will take place on June 27, 2008