25 March 2011
On the meeting the Board of Directors considered the Report on fulfillment of 2010 budget of Bank Vozrozhdenie and approved Bank’s budget for 2011. The Board also considered the results of the bank’s activity in 2010 in accordance with IFRS, that were recognized as satisfactory.
The Board of Directors considered the Report prepared by the Credit Risk Control Department of Bank Vozrozhdenie and results of stress testing in Bank Vozrozhdenie as of January 1, 2011.
The Board of Directors approved Alterations to the Regulation on Sergiev Posad branch and Alterations № 14 to the Articles of Association attributable to the change of the branch’s location. The Board also took a decision on changing status of Zvenigorod branch to additional office of Odintsovo branch.
The Board of Directors authorized the Human Resources and Compensations Committee to carry on self-estimation of the Board’s activity and approved several internal documents of the bank.