Subsidiary Organization VTB Bank (Kazakhstan) announced its Board of Directors decisions of March 13, 2012
28.03.12 16:03
/KASE, March 28, 12/ - Subsidiary Organization VTB Bank (Kazakhstan)
(Almaty, hereinafter in the quotation - the Bank), bonds of which are
officially listed on Kazakhstan Stock Exchange (KASE), informed KASE
by the official letter that on March 13, 2012, its Board of Directors
made the following decisions:
quotation
1. Elect the Bank Board of Directors member Olga Dergunova as the Bank
Board of Directors Chairman from March 13, 2012.
2. Take into consideration the Bank Management Board report on
implementation of the Business Plan for the reporting period.
3. Preliminary approve the Bank financial statements for 2011.
4. Take into consideration the report of independent auditors Ernst & Young
LLP to the Bank financial statements for 2011 and submit for consideration
of the bank shareholder.
5. Recommend the Bank shareholder to approve the Bank financial
statements for 2011.
6. Take into consideration the information on additionally formed reserve that
influences on the bank financial results for 2011 according to requirements
of the National Bank of the Republic of Kazakhstan.
7. Take into consideration the information on necessity of periodical forming
of the Bank additional reserve during 2012 that influences on the bank
financial results for 2012 according to requirements of the National Bank
of the Republic of Kazakhstan.
8. Recommend the Bank shareholder not to distribute the bank net income for
2011 and do not pay dividends for 2011 on common shares.
9. Take into consideration the information on the Bank Board of Directors and
Management Board members remuneration size and composition for 2011.
10. Take into consideration the information on absence of appeals in 2011 of
the Bank shareholder to the Bank and its officials actions.
11. Approve deals of interest with affiliates of the Bank.
12. Approve changes in terms of the deal of interest with the Bank affiliates.
13. Approve changes and additions #3 to Rules of General Terms of Banking
and Other Transactions on VTB Bank (Kazakhstan).
14. Take into consideration reports of the Bank Internal Audit Service for
the reporting period.
15. Approve Action Plans of the Bank Internal Audit Service for 2012.
16. Approve making deals based standard terms with entities connected with
the bank by special relations.
ends
[2012-03-28]