Bank Vozrozhdenie Board of Directors held a regular meeting

23 August 2013

Bank Vozrozhdenie Board of Directors held a regular meeting today.

A scope of items included in the agenda of the Board of Directors meeting was preliminarily considered during the meeting held by the Audit Committee on August 19, 2013.

The Board of Directors examined Bank Vozrozhdenie 6M 2013 results on the basis of IFRS statements prepared in accordance with IFRS.

Alongside with this, the Board considered reports on credit risk and operational risk, Report of the Controller over Bank Vozrozhdenie activity at the securities market, Report on results of conduction of internal control to combat misuse of inside information and market manipulation at Bank Vozrozhdenie, as well as Report on activity of Internal Control and Audit Service at Bank Vozrozhdenie and Report on compliance with the rules of internal control and with internal control programmes to combat legalization (laundering) of criminally obtained revenues and terrorist financing.

Furthermore, a project of Agreement on providing audit services was considered and the Board of Directors approved the fee amount for the audit to be conducted by ZAO PricewaterhouseCoopers Audit services in 2013.

In relation with a number of alterations to the RF legislative acts taking effect, the Board of Directors within its competence approved Alterations № 2 to Regulations on effecting deals of assignment of Bank Vozrozhdenie rights (claims) on loans to legal bodies.

With a view of corporate governance enhancement, the Board examined results of corporate governance assessment at Bank Vozrozhdenie and approved the Plan of activities on improvement of Bank Vozrozhdenie corporate governance in 2013-2014.

Bank Vozrozhdenie will publish its H1 2013 IFRS results and hold a conference call for investors on August 27
Bank Vozrozhdenie improved its ranking in Top 1000 world’s most authoritative banks