Vozrozhdenie Bank Board of Directors has held its meeting

23 November 2015

Vozrozhdenie Bank Board of Directors held a meeting on November 20, 2015.

Most of the agenda items were preliminary considered by the Human Resources and Compensation and Audit Committees of the Board.

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

The Board of Directors considered the Report on compliance with the Internal control rules and AML/FT programmes for Q3 2015 and the materials on the bank’s inspections conducted by the Bank of Russia’s bodies and received by the Board of Directors in Q3 2015.

The new edition of the Procedure of holding meetings of the Board of Directors of Vozrozhdenie Bank was approved for better facilitation of the Board’s activity.

The Board was also informed about the most effective corporate governance practices, including the latest changes in the applicable legislation, recommendations of the regulator, new listing rules of the trade organiser as well as research and global trends in this field.

Standard & Poor’s rating services keeps Vozrozhdenie Bank’s long-term ratings at “ВВ-”
Vozrozhdenie Bank publishes 9M 2015 IFRS results: the most challenging period is behind us