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Sberbank (SBER)
Sberbank announces the results of the Supervisory Board meeting as of
November 13, 2018
13-Nov-2018 / 17:07 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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announcement.
13 November 2018, Moscow - *Sberbank announces the results of its
Supervisory Board meeting.
*
The Supervisory Board listened to a report issued by the Services Block and
the Retail Business Block regarding the prevention of cyberfraud at
Sberbank, and decided that an annual report on the prevention of cyberfraud
at Sberbank must be provided to the Board.
During the meeting, the Board reviewed a report on Sberbank's work for 9M
2018 and financial results for 10M 2018.
The Board listened to information on the results of checks carried out by
Sberbank's Internal Audit Service for 9M 2018, and approved the Action Plan
of Sberbank's Internal Audit Service for 2019.
Members of the Board also received information on the process of settling
individuals' troubled debt, the level of development of the compliance
system, implemented and planned measures for compliance risk management,
information on the status of information policy implementation, and the
prospects of marketing development at Sberbank.
At the meeting it was decided to carry out an independent performance review
of the Supervisory Board for 2018 in Q1 2019 and engage Oliver Wyman LLC and
the Association of Independent Directors as independent consultants for the
review.
The Supervisory Board decided to terminate the powers of Deputy Chairman of
the Executive Board of Sberbank Alexander Torbakhov and exclude him from the
Executive Board on 1 December 2018 in connection with his decision to leave
the bank, and inform the Central Bank of the Russian Federation about this.
The Board also decided to approve Svetlana Kirsanova, currently Director of
Sberbank's Acquiring and Bank Card Division, as the candidate for the
position of Deputy Chairman of the Executive Board and member of the
Executive Board of Sberbank and send a request to approve the candidacy of
Ms Kirsanova to the Central Bank of the Russian Federation.
The Board decided to postpone the review of the report on the HR Block's
transformation and new HR development areas until a future Supervisory Board
meeting.
# # #
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
authorised capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 145 million
customers in 22 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 licence 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.: 6514
EQS News ID: 745237
End of Announcement EQS News Service
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(END) Dow Jones Newswires
November 13, 2018 11:07 ET (16:07 GMT)
