OREANDA-NEWS. On 03 July 2008 was announced, that TransCreditBank had its general shareholders’ meeting in Moscow.

GSM approved TransCreditBank’s 2007 accounting statements and distribution of profits. Shareholders accepted the Board of Directors’ proposal to distribute RUR 331.66 mln as dividend (RUR 282.31 mln was paid as dividend based on 2006 performance).

The Meeting approved the new Board of Directors as follows:

Blinov Felix Lvovich – CEO, JSC Rosvagonmash Investment Group;

Veremeev Valery Anatolievich – Head of Department Corporate Structure and Reforming , JSC Russian Railways;

Novozhilov Yury Victorovich – First Deputy Head of Corporate Finance Department, JSC Russian Railways;

Orlov Sergey Vladimirovich – Advisor to President of JSC Russian Railways;

Paramonova Tatyana Vladimirovna – Advisor to President of JSC Russian Railways;

Pushkin Sergey Nikolaevich – President, JSC TransCreditBank;

Sukhorukova Elena Victorovna – Executive Director, Non-government Pension Fund Blagosostoyanie.

GSM approved Ernst and Young Vneshaudit as the Bank’s auditor for 2008 for the purpose of statutory audit of its financial statements, including IFRS statements. Shareholders also approved amendments to the Charter of TransCreditBank.