The Board of Directors of Bank Vozrozhdenie held its regular meeting

26 August 2011

During the meeting the Board of Directors summarized results of Bank Vozrozhdenie activity under IFRS and results of the financial plan fulfillment for 6 months 2011.

The Board of Director considered report on Internal Control and Audit Service activity held in H1 2011. Also the Board of Directors reviewed quarterly report of the Controller over the Bank’s professional activity on the securities market, report on fulfillment of internal control and AML/CFT rules and report on Bank Vozrozhdenie reviews held by the Bank of Russia in Q2 2011.

The abovementioned issues were preliminary considered at the meeting of the Audit Committee of the Board of Directors.

Besides that a number of internal regulations were approved on the meeting.

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