20 August 2014
Today Bank Vozrozhdenie Board of Directors held its meeting.
Most of the agenda items were preliminary discussed at the bank’s Audit Committee meeting.
The Board of Directors summarized the bank’s IFRS results for the six months of 2014 and considered a number of reports for the given period, including the reports on risk management, the report of the Controller over Bank Vozrozhdenie activity at the securities market as well as the report on results of internal control programmes to combat misuse of insider information and other documents. The Board of Directors confirmed compliance of the bank’s internal control system with the requirements of the current legislation, the regulator, and internal documents of Bank Vozrozhdenie and deemed its risk management system adequate to the level of risks currently assumed by V.Bank. Besides, the Board of Directors approved Regulation on credit risk management and control at the bank.
Following the Bank of Russia’s approval of candidacy of Ms. Tatiana Orlova, the Head of Marketing and Communications Department, for a member of the Management Board, the Board of Directors made a decision on her election to the Management Board.