25 August 2008
The meeting of the Audit Committee of Bank Vozrozhdenie Board of Directors held in the form of absentee voting took place on August 21, 2008.
Following documents were discussed in the course of the Committee’s meeting:
- Report on the activity of the Internal Control and Audit Service during H1 2008;
- Schedule of Bank Vozrozhdenie internal divisions’ revisions to be held in H2 2008 by the Internal Control and Audit Service;
- Report on compliance with the rules of internal control and with internal control programs to combat legalization (laundering) of criminally obtained revenues and terrorist financing during Q2 2008;
- Report of the Controller over Bank Vozrozhdenie activity at the securities market in Q2 2008.
The Audit Committee recommended to the Board of Directors to approve above mentioned reports as well as the Schedule of Bank Vozrozhdenie internal divisions’ revisions to be held in H2 2008 by the Internal Control and Audit Service.