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VTB holds 2013 Annual General Meeting of Shareholders

19 June 2014


On 19 June 2014, the Annual General Meeting of VTB Bank shareholders (AGM) was convened at the Oktyabrsky Concert Hall in St. Petersburg. The meeting was chaired by Sergey Dubinin, Chairman of VTB Bank’s Supervisory Council. More than 350 VTB shareholders and shareholder representatives attended the event, which was broadcast live online via the VTB Bank website.
Shareholders discussed and voted on 16 issues on the agenda:

1. Approval of VTB Bank’s Annual Report.
2. Approval of VTB Bank’s Annual Financial Statements, including the Profit and Loss Statement (VTB Bank Profit and Loss Account).
3. Approval of VTB Bank’s profit allocation for 2013.
4. Amount, time and form of dividend payments for 2013 and the ex-dividend date.
5. Remuneration payment to Supervisory Council members who are not state employees, in compliance with VTB Bank’s regulations.
6. Approval of the number of VTB Bank’s Supervisory Council members.
7. Election of VTB Bank’s Supervisory Council members.
8. Approval of the number of VTB Bank’s Statutory Audit Commission members.
9. Election of VTB Bank’s Statutory Audit Commission members.
10. Approval of VTB Bank’s outside auditor.
11. Approval of the new wording of VTB Bank’s Charter.
12. Approval of the new wording of the Regulations on the Preparation, Convention and Holding of VTB Bank’s Annual General Meeting of Shareholders.
13. Approval of the new wording of the Regulations on VTB Bank’s Supervisory Council.
14. Approval of the new wording of the Regulations on VTB Bank’s Management Board.
15. Termination of VTB Bank’s membership in the Association of Bill Market Participants (AUVER).
16. Approval of related-party transactions into which VTB Bank could enter in the process of normal commercial operations.

«We are satisfied with the results of 2013. Despite a slowdown in the national economy, including in its banking sector, VTB Group registered strong financial results thanks to the use of an effective growth model in retail and investment banking. The Group’s net profit in 2013 amounted to RUB 100.5 billion. The bank’s Secondary Public Offering in May 2013 allowed us to shore upcapital and continue developing our core business divisions. In April 2014, we approved a new three-year development strategy, ‘Quality Growth’. During this difficult period for the financial sector, the strategy will provide the basis for VTB Group’s continued successful development.
Andrey Kostin,
President and Chairman of the Management Board

The voting results will be published within the timeframe established by law.


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