OREANDA-NEWS. July 07, 2010. The Annual General Meeting (AGM) of TransCreditBank’s shareholders was held n Moscow.

The AGM approved TransCreditBank’s financial statements for the year ended 31 December 2009, as well as profit distribution. The AGM approveddividend allocation of RUR 477.92 million proposed by the Board (total dividend for the year 2008 amounted to RUB 339.145 million).

The AGM also re-elected the following Directors:

- Valery Veremeev, Head of Economic Analysis and Strategic Development Department, Russian Railways;

- Yury Novozhilov, President, TransCreditBank;

- Sergey Orlov, Advisor to the President of Russian Railways, Advisor to the President of TransCreditBank;

- Tatyana Paramonova, CEO of ZHASO Insurance Company;

- Hubert Pandza, independent financial adviser (Independent Director);

- Elena Sukhorukova, Executive Director, Non-state Pension Fund Blagosostoyanie;

and elected new Directors:

- Antoniou Antonios, Consultant, PricewaterhouseCoopers СEE (Independent Director);

- Felix Blinov, CEO of Rosvagonmash Investment Group;

- Igor Kolomeysky, Head of Investment Department, Russian Railways.

The AGM re-elected the current auditor Ernst and Young Vneshaudit as auditor of the Bank for 2010.