The Board of Directors of Bank Vozrozhdenie held its regular meeting in the form of joint presence

26 June 2009

On June 26, 2009 the Board of Directors of Bank Vozrozhdenie newly reelected by the annual General Meeting of Shareholders held its first session in the form of joint presence.

The Board of Directors elected Mr. Yuri Marinichev as its Chairman and Mr. Alexander Dolgopolov as the Secretary of the Board of Directors.

Also the Board of Directors formed the HR and Compensations Committee as well as the Audit Committee. The following persons were elected as the members of the Audit Committee: Mr. Vladimir Panskov, Mr. Nikolay Zatsepin and Mr. Alexander. Mr. Vladimir Panskov was approved as the Head of the Committee.

The membership of the HR and Compensations Committee included the following persons: Mr. Yuri Poletaev, Mr. Otar Margania and Mr. Nikita Mikhalkov. Mr. Yuri Poletaev was elected as the Chairman of the Committee.

In addition the Board of Directors approved the Schedule of the Board of Directors meetings and of both its Committees meetings for the period till the next annual General Meeting of Shareholders.

Bank Vozrozhdenie held the Annual General Meeting of Shareholders
Bank Vozrozhdenie reported net profit for H1 2009 of Rub 938 mln.