Supervisory Board of Sberbank Holds Meeting
Moscow, April 12, 2016 – Sberbank announces the results of the Supervisory Board meeting.
The Supervisory Board preliminary approved the 2015 annual report and the annual accounting (financial) statements of Sberbank and proposed to the Annual General Shareholders’ Meeting to approve them.
The Supervisory Board recommended to the Annual General Shareholders’ Meeting to approve the distribution of profits and payment of dividends for 2015 on ordinary shares in the amount of 1.97 rubles per share and on preferred shares - 1.97 rubles per share.
The Supervisory Board proposed to set the date when dividend recipients will be defined at the end of the trading day on June 14, 2016.
The Supervisory Board recommended for approval an auditing company “PricewaterhouseCoopers” JSC as Sberbank's auditor for 2016 and the 1Q of 2017 at the Annual General Shareholders’ Meeting.
The Supervisory Board also approved the amendments to the bylaws of Sberbank and proposed to approve them at the Annual General Shareholders’ Meeting.
In addition, the Supervisory Board approved form and text of the ballots used for voting at the Annual General Shareholders’ Meeting on the results of 2015; the list of information (materials) submitted for review to the persons entitled to attend the meeting; proposed to the Annual General Shareholders’ Meeting to approve the liability insurance contract of the Supervisory Board members, members of executive branch and other persons in accordance with the insurance contract, as a related party transaction.
# # #
Sberbank of Russia
Tel. +7(495) 957 5721
Sberbank of Russia 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 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.