On 29 June 2009, VTB Bank Annual General Shareholders Meeting was held in Moscow International House of Music under chairmanship of Alexei Ulyukaev, First Deputy Chairman of the Bank of Russia, Member of VTB Supervisory Council. Among the attendees there were 744 VTB shareholders and their representatives.
During the meeting the shareholders discussed 12 issues of the agenda, which were put to the vote, namely:
Addressing the shareholders were Andrei Kostin, VTB President and Chairman of the Management Board; Andrei Puchkov, Deputy Chairman of VTB Management Board; Nikolai Tsekhomsky, Member of VTB Management Board; and Olga Avdeeva, VTB Chief Accountant.
Summing up the meeting Andrei Kostin said: "Today, support to Russian economy amidst hard financial situation and economic recession is a key task for VTB. Despite the difficulties the Bank closed 2008 with a positive net profit, but 2009 is going to be harder. Against the deterioration of the credit portfolio quality, banks have to make significant loan impairment provisions, which have an adverse effect on profit and capital. In these circumstances we especially need support and understanding from our shareholders. Their trust is very important for VTB future business growth and capitalization".
Voting results on the VTB Bank Annual General Shareholders Meeting agenda will be published in the near future.
The documents for the Annual General Shareholders Meeting are approved by the Supervisory Council of VTB in russian language only.
Item 1: Approval of JSC VTB Bank`s annual report
Item 2: Approval of JSC VTB Bank annual financial statements including the Profit and Loss Statement (JSC VTB Bank Profit and Loss Account)
Item 3: JSC VTB Bank profit (loss) allocation based on the results of the financial year, including announcement of VTB Bank dividends (their amount, time brackets and form of dividend payment)
Item 4:Number of JSC VTB Bank Supervisory Council
Item 5: Election of JSC VTB Bank Supervisory Council
Item 6: Number of JSC VTB Bank Statutory Audit Commission members
Item 7: Election of JSC VTB Bank Statutory Audit Commission
Item 8: Approval of JSC VTB Bank Auditor
Item 9: Approval of interested party transactions to be entered into by JSC VTB Bank during its standard commercial business.
Item 10: Approval of the new edition JSC VTB Bank Charter.
Item 11: Increase in JSC VTB Bank charter capital by placing additional registered ordinary shares of JSC VTB Bank
Item 12: Remuneration payment to independent members of JSC VTB Bank Supervisory Council