Vozrozhdenie Bank Board of Directors has held a meeting

22 September 2015

Vozrozhdenie Bank Board of Directors held a meeting on September 18, 2015.

The agenda issues were preliminary considered by the Audit Committee and the Human Resources and Compensation Committee of the Board of Directors of the bank.

The Board has nominated Konstantin Basmanov for election to the position of the Chairman of the Management Board. He complies with the requirements to the head of the credit institution in terms of qualification and business reputation.

Konstantin Basmanov (40) has been in the banking business for over 20 years. He started his career in the Khabarovsk Branch of VTB Bank. From 2003 to 2006 he headed the Office of Branch Network Development and then became the Managing Director of the Middle-sized Business Department at VTB Bank. During the period of 2006-2008 he was the Head of the Sales Division of the Network Department and the Vice-president at VTB-24.

From 2008 to date he has been heading SME Business and holding the position of the Deputy Chairman of the Management Board at Promsvyazbank. He has been also the Advisor to the Chairman of the Management Board at Vozrozhdenie Bank since 2015.

Mr Basmanov graduated from the Khabarovsk State Academy of Economics and Law in 1996.

In accordance with the applicable legislation of the Russian Federation, the candidate approved by the Board of Directors for election as a single executive body shall commence its duties following the Bank of Russia’s approval of his/her candidacy.

Within its competence, the Board has also approved particular terms of the agreement between the bank and the Deposit Insurance Agency on monitoring activity of the bank in the frame of the state recapitalisation programme with regard to remuneration to the management and the employees’ wages fund of Vozrozhdenie Bank. With a view of strengthening the capital position, it is suggested to enter into an agreement with the Agency on acquisition of V.Bank’s subordinated debt via transfer of sovereign bonds (OFZ) to the bank.

In line with the adopted work plan of the Board of Directors, the Board has determined and approved the amount of remuneration to be paid to the bank’s Auditor — ZAO ProcewaterhouseCoopers Audit for 2015 audit review.

Vozrozhdenie Bank Board of Directors has held a meeting
Notification on disclosure of the list of affiliated persons