Bank Vozrozhdenie Board of Directors held a regular meeting

20 December 2013

Today Bank Vozrozhdenie Board of Directors held its regular meeting in the form of absentee voting (by poll).

Some items included into the agenda of the Board of Directors meeting were preliminarily considered by the Audit Committee on December 13, 2013.

In accordance with the scope of its authorities stipulated by the Articles of Association the Board of Directors considered and approved preliminary financial plan (budget) for 2014.

On basis of Audit Committee recommendations the Board of Directors approved the Plan of internal divisions’ reviews to be held by the Internal Control and Audit Service during H1 2014 and during the whole 2014.

The Board of Directors approved the new editions of the Order on Executive Bodies Reporting to the Board of Directors and of the Order on Strategy Development, Approval and Amendment.

For the purpose of the 3rd mortgage securitization deal the bank’s Board approved the sale of mortgage certificates to the Closed Joint Stock Company “Mortgage agent Vozrozhdenie 3” — special-purpose vehicle established in accordance with the Federal law “On mortgage-backed securities”.

Bank Vozrozhdenie earned RUB 768 million ($24 million) of net profit during 9M 2013
Preliminary results of Bank Vozrozhdenie for 2013