The meeting of the Board of Directors of OJSC "AK BARS" Bank took place on February 25, 2015
The Board members discussed the increase of the authorized capital of "AK BARS" Bank in the amount of 9.8 billion rubles within the announced number of shares in accordance with the Bank’s Charter, by placing the additional ordinary registered uncertificated shares, and decided to convene the Extraordinary General Meeting of OJSC "AK BARS" Bank shareholders.
The Board of Directors took note of the implementation of the main Bank’s developments in 2014 (based on the preliminary results of 2014) and the budget parameters of AK BARS Bank in 2015.
Besides, the Board approved the structure and the content of the AK BARS Bank Annual Report, the changes to the Regulation «On the remuneration of the Board members», assessed the corporate governance of OJSC "AK BARS "Bank based on the results of 2014.
Besides, the Board members listened to the 2014 report of the AK BARS Bank Internal Control for 2014and the report of the Internal Audit Service on the audit results of the Bank for 2014, including the implementation of measures addressing the deficiencies identified during the IAS inspections.
At the end of the meeting, the Board approved the transactions in which the Bank has the concerns, as well as the transactions related to the AK BARS Bank’s officials.