Vozrozhdenie Bank Board of Directors held a meeting

24 August 2015

Vozrozhdenie Bank Board of Directors held a meeting on Friday, August 21, 2015.

The Board summarised results of the bank’s activity during the six months of 2015 basing on the IFRS interim reporting.

The Board of Directors considered a number of reports, including the following:

  • Report of the Controller over activity at the securities market;
  • Results of internal control programmes to combat misuse of insider information;
  • Report on results of implementing Rules and programmes of internal control over the AML/CFT.

The Board of Directors also recognized the bank’s internal control system as complying with the requirements of the applicable legislation, the regulator and the internal documents of Vozrozhdenie Bank. Besides, the Board was informed on materials of inspection audits performed by the Bank of Russia’s departments and addressed to the Board of Directors in the second quarter of 2015.

Standard & Poor’s Rating Service has put Vozrozhdenie Bank’s ratings on CreditWatch Negative
Vozrozhdenie Bank has published H1 2015 IFRS results