Bank Vozrozhdenie Board of Directors held its regular meeting

21 December 2012

Bank Vozrozhdenie Board of Directors held its regular meeting on December 21, 2012 in the form of absentee voting (by the way of completing the questionnaires).

The day before, on December 20, 2012, meetings of the Audit Committee as well as the Human resources and compensation Committee were held. At the meetings the committees’ members preliminary reviewed items included into the agenda of the meeting of the Board of Directors.

In compliance with the recommendations of the Human resources and compensation Committee the Board of Directors re-elected the Deputy Chairman of the Management Board Mr. Alexander Bolvinov and the Deputy Chairwoman of the Management Board Mrs. Tatiana Gavrilkina for a 5-year period.

The Board of Directors has approved the audit schedule for reviews of internal divisions to be held by the Internal Control and Audit Service in 2013.

In addition the Board of Directors has approved the following internal documents within its competence:

  • new edition of the Regulations on stress-testing at Bank Vozrozhdenie;
  • Amendments and Alterations № 1 to the Order of executive bodies of Bank Vozrozhdenie reporting to the Board of Directors;
  • Amendments and Alterations № 2 to the Temporary Order on arrangement of competitive tenders and deals conclusion on assignment of Bank Vozrozhdenie claims on retail loans;
  • Amendments and Alterations № 2 to the Regulations on preparation and holding competitive tenders for rights to conclude assignment agreements (assignment of claims) on retail loans at Bank Vozrozhdenie;
  • the Order of writing-off uncollectible payments of Bank Vozrozhdenie clients for cash and settlements services.

Related links:

Moody’s Investors Service affirmed rating of Bank Vozrozhdenie
Changes in composition of Bank Vozrozhdenie Management Board