Sberbank announces the results of its Supervisory Board meeting

Sberbank (SBER) 
Sberbank announces the results of its Supervisory Board meeting 
10-Dec-2019 / 15:08 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 is solely responsible for the content of this announcement. 
 
   Moscow, Russia - December 10, 2019. Sberbank announces the results of its 
  Supervisory Board meeting. Resolutions adopted by the Supervisory Board of 
                                                 Sberbank are the following: 
 
Contents of the resolutions adopted by the Supervisory Board of Sberbank: 
 
1) To note the information on the status of Sberbank Development Strategy 
until 2020. 
 
2) To approve the risk materiality threshold for the purpose of adjusting 
the remuneration of risk-taking employees in 2020. 
 
3) To approve the scenario and take into account the results of stress 
testing of Sberbank and Sberbank Group for 2020-2022. 
 
4) To approve amendments to the Risk Appetite of Sberbank and the Risk 
Appetite of Sberbank Group. To approve the planned capital levels, the 
planned capital structure and the planned capital adequacy level for 
Sberbank and the Sberbank Group for 2020. 
 
5) To approve submitting applications to the Bank of Russia to obtain 
authorization to apply banking risk management methodologies and 
quantitative risk assessment models used to determine the internal 
ratings-based amount of credit risk for the purposes of calculating the 
capital adequacy ratios of Sberbank, as well as a request for updating the 
Gradual IRB Adoption Plan of Sberbank. Approve the use of banking risk 
management methods and quantitative risk assessment models used to 
determine credit risk based on IRB. 
 
6) To agree with the proposal of Sberbank's Executive Board and the 
recommendation of the Audit Committee of Sberbank's Supervisory Board and 
recommend that the Annual General Meeting of Shareholders decide to 
appoint PricewaterhouseCoopers Audit as Sberbank's auditor for 2020 and Q1 
2021. 
 
7) To take note of the information on performance of Sberbank 
laboratories. 
 
8) To take note of the report on the implementation status of the Sberbank 
Information Policy and the outlook for marketing. 
 
For enquiries: 
Sberbank of Russia 
Investor Relations 
[phone] 
[e-mail] 
 
ISIN:           US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 
Category Code:  MSCH 
TIDM:           SBER 
LEI Code:       549300WE6TAF5EEWQS81 
OAM Categories: 2.2. Inside information 
Sequence No.:   34441 
EQS News ID:    932435 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

December 10, 2019 09:08 ET (14:08 GMT)