Bank Vozrozhdenie Board of Directors held its regular meeting

22 March 2013

Today, Bank Vozrozhdenie Board of Directors held its regular meeting in the form of joint presence.

At the meeting of the Audit Committee, the members preliminary reviewed items included into the agenda of the Board of Directors meeting.

At the meeting, the Board considered the results of fulfilling 2012 financial plan of Bank Vozrozhdenie and approved the Bank’s financial plan for 2013 which was preliminary reviewed during the Board meeting held on November 30, 2012.

The Board of Directors also considered issues on credit and operational risks management, approved the Audit Committee’s recommendations on banking risk management and assessed effectiveness of risk management procedures. The Board of Directors recognized the Bank’s risk management system as adequate to the current level of risks undertaken.

The Board also considered the Summary report on stress-testing at Bank Vozrozhdenie as of January 01, 2013 and approved its results, which indicates immunity of the business to potential negative effect of credit, operational, interest and market risks, as well as liquidity risk.

To meet the legal requirements to the Bank as a professional participant of securities markets, the Board of Directors approved new editions of the Regulations on internal control over professional activity of Bank Vozrozhdenie on securities markets and the Regulations on market risk calculation at Bank Vozrozhdenie.

Related links:

Bank Vozrozhdenie will publish its FY2012 IFRS results and hold a conference call for investors on March 27
Bank Vozrozhdenie was awarded for Best IR management in Russia