Dow Jones received a payment from EQS/DGAP to publish this press release.
Sberbank (SBER)
Sberbank announces the results of its Supervisory Board meeting
18-Sep-2018 / 17:48 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer / publisher is solely responsible for the content of this
announcement.
18 September 2018, Moscow - Sberbank announces the results of its
Supervisory Board meeting.
During the meeting, the Supervisory Board reviewed information on Sberbank's
6M 2018 results and its financial results for 8M 2018.
The Supervisory Board considered the issue of approaches to developing the
network of Sberbank's internal structural subdivisions (branch offices) in
rural areas.
The Supervisory Board listened to information about the results of the H1
2018 audit conducted by Sberbank's Internal Audit Service.
Members of the Supervisory Board were provided with information about the
review of Sberbank's risk report for Q2 2018, and also about updating risk
appetite at Sberbank.
The Supervisory Board reviewed the issue of submitting an appeal to the Bank
of Russia regarding changes to individual conditions for permitting the
application of the internal ratings-based approach with regard to the
subclass of specialised lending of the corporate lending requirements class.
At the meeting, the Members of the Board approved the second edition of
Sberbank's Information Policy.
The Members of the Board also reviewed information on the succession system
for managers with grades of 16 and above, and an issue regarding the
organisational structure of Sberbank.
In addition, the Supervisory Board approved the decision of Deputy Chairman
of the Executive Board Yulia Chupina to leave the Executive Board in
connection with her desire to work part-time. The Members of the Supervisory
Board thanked Yulia for her extensive and productive work. She will continue
to oversee the Strategy and HR Blocks as Senior Vice President.
# # #
Sberbank
Valeria Kungurtseva
Press Office
Tel. +7 495 957-57-21
media@sberbank.ru
Sberbank is Russia's largest bank and a leading global financial
institution. Sberbank holds almost one third of aggregate Russian banking
sector assets, it is the key lender to the national economy and the biggest
deposit taker in Russia. The Central Bank of the Russian Federation is the
founder and principal shareholder of Sberbank owning 50% of the Bank's
authorized capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 145 million
customers in 20 countries. Sberbank has the largest distribution network in
Russia with almost 15,000 branches, and its international operations include
UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other
countries.
The Bank holds the general banking license No.1481 issued by the Bank of
Russia. Official websites of the Bank: www.sberbank.com [1] (Sberbank Group
website), www.sberbank.ru [2].
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Category Code: MSCH
TIDM: SBER
LEI Code: 549300WE6TAF5EEWQS81
Sequence No.: 6036
EQS News ID: 724867
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f3404b78992d31b00b8d7a87b51a05ec&application_id=724867&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=378682496d93ad736271d8948eaf036a&application_id=724867&site_id=vwd&application_name=news
(END) Dow Jones Newswires
September 18, 2018 11:48 ET (15:48 GMT)
