09.09.2015

Extraordinary General Shareholders' Meeting Held by the Bank

Due to the fact that Bank Saint Petersburg is to enter into the subordinated loan agreement with Deposit Insurance Agency State Corporation, the Bank’s extraordinary General Shareholders’ Meeting held on September 8, 2015 passed the following resolutions:

  • To allocate at least 75% of profit towards the increase in capital of Bank Saint Petersburg until the increase in capital (including core capital) of Bank Saint Petersburg (calculated according to Regulation of the Bank of Russia No. 395-P of December 28, 2012 "Methodology for Calculating the Amount of Capital of Credit Institutions (Basel III)") reaches at least 50% of the amount of subordinated debt owed by Bank Saint Petersburg to Deposit Insurance Agency State Corporation under the subordinated loan agreement, or until the said obligation to increase the capital (including core capital) of Bank Saint Petersburg is discharged with additional contributions made by the shareholders of Bank Saint Petersburg and/or contributions made by third parties to pay up the shares of Bank Saint Petersburg.
  • Not to increase the level of remunerations for members of the Supervisory Board of Bank Saint Petersburg reached as at January 1, 2015 for three years from the date of receipt by Bank Saint Petersburg of the federal loan bonds under the subordinated loan agreement between Bank Saint Petersburg and Deposit Insurance Agency State Corporation, or until the increase in capital (including core capital) of Bank Saint Petersburg (calculated according to Regulation of the Bank of Russia No. 395-P of December 28, 2012 "Methodology for Calculating the Amount of Capital of Credit Institutions (Basel III)") reaches at least 50% of the amount of subordinated debt owed by Bank Saint Petersburg to Deposit Insurance Agency State Corporation under the subordinated loan agreement.
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