OREANDA-NEWS. July 02, 2010. PSB Annual General Shareholders' Meeting (AGM) has considered and approved 2009 results, reported the press-centre of PSB.                    

The shareholders approved PSB 2009 Balance Sheet and Profit and Loss Statement. The AGM resolved to allocate a portion of previous years' retained earnings to redeem 2009 loss of RUR2.96 billion. In addition, a portion of previous years' retained earnings in the amount of RUR72.4 million will be allocated to the Reserve Fund.

The AGM resolved not to pay a dividend for the financial year 2009.

The AGM elected 9 members to PSB Board of Directors:

Alexey Ananiev, Chairman of Advisory Board of Technoserv

Alexander Levkovsky, PSB President

Vladislav Zabelin, President of PromSviazCapital

Yuri Baev, Deputy Chairman of Advisory Board of Technoserv

Maxim Litvinov, Vice-President, Head of Strategic Development Department of PromSviazCapital

Ilkka Salonen, EBRD Representative

Wilhelm Nuse, Commerzbank AG Regional Director for Central and Eastern Europe

Paul Ostling (Independent Director)

Tamdzhid Basunia (Independent Director)

 The AGM elected PSB Audit Committee and approved ZAO PriceWaterhouseCoopers as PSB auditor for 2010.

The AGM also approved PSB membership in the Association of Factoring Companies.