During its June 14, 2016 meeting, the Supervisory Board of Bank Saint Petersburg elected Mr. Alexander Savelyev Chairman of the Bank’s Management Board. Mr. Savelyev’s nomination to this position had already been approved by the Central Bank of the Russian Federation.
The Supervisory Board also elected Ms. Elena Ivannikova to chair the Supervisory Board. Mr. Vladislav Guz, the former Chairman of the Management Board of Bank Saint Petersburg, was elected Deputy Chairman of the Supervisory Board.
The Supervisory Board also heard the reports concerning the Bank’s performance in 1Q 2016 (under IFRS) and 2Q 2016 (under RAS), and a report on 1Q 2016 risk management efforts. In addition, the Board approved the new version of the Regulations on the Audit Committee of the Bank’s Supervisory Board and other documents.