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VTB announces results of Annual General Meeting

20 June 2014


VTB Bank today announces the results of its Annual General Meeting of shareholders (AGM), held in St. Petersburg on 19 June 2014. Shareholders approved VTB Bank’s Annual Report for 2013 and the Annual Financial Statements, including the Profit and Loss Statement (VTB Bank Profit and Loss Account) for 2013, and also approved the following profit allocations for 2013:

Net profit to be allocated, total RUB 34,485,131,826.18;

Allocations to the Reserve Fund RUB 1,250,000,000.00;

Dividend allocation RUB 15,034,227,951.31;

Undistributed net profit RUB 18,200,903,874.87.

Shareholders approved a dividend for 2013 of RUB 0.00116 per ordinary registered share with a par value of RUB 0.01, and the payment procedure.

Dividends for 2013 are to be paid in monetary form, with the amount per share calculated to one kopeck and subject to rounding.

Dividends will be paid within the following timeframe and will be based on the record date:

— within 10 (ten) working days: to nominal holders and beneficial owners on the shareholder register who are professional securities market participants;

— within 25 (twenty-five) working days: to other registered shareholders.

The record date is 1 July 2014. Dividends will be transferred to shareholders’ bank accounts or sent by mail.

The AGM also elected 11 members to VTB Bank’s Supervisory Council:

Matthias Warnig

Yves-Thibault de Silguy (independent member)

Sergey Dubinin

Simeon Djankov (independent member)

Mikhail Kopeikin (independent member)

Andrey Kostin

Nikolay Kropachev

Shahmar Movsumov (independent member)

Alexey Moiseev

Elena Popova (independent member)

Vladimir Chistyukhin

Shareholders approved the VTB Bank Statutory Audit Committee comprising six members.

Ernst & Young was approved as VTB Bank Auditor, to exercise a mandatory annual audit of VTB Bank for 2014.

The AGM approved the limits for related-party transactions into which VTB Bank could enter in the process of its normal commercial operations.

Shareholders approved new wording for the VTB Bank Charter and authorised Andrey Kostin, VTB Bank President and Chairman of the Management Board, to sign the new wording of the charter and apply to the Bank of Russia for its approval.

Shareholders also approved the termination of the bank’s membership in the Association of Bill Market Participants and the new wording of the Regulations on VTB Bank Supervisory Council, Regulations on VTB Bank Management Board and Regulations on Preparing, Convening and Holding VTB Bank General Shareholders Meetings.

A report on the results of the bank’s AGM will be published within the legally established timeframe in Rossiyskaya Gazeta newspaper and at


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