OREANDA-NEWS. March 23, 2012. Sberbank (SBER, SBERP) announces the results of its Supervisory Board meeting, reported the press-centre of Sberbank.

The Supervisory Board has set the following dates with regard to the Annual General Meeting to be convened to approve the 2011 results:

the date of the AGM is 1 June 2012

the deadline for making the list of persons entitled to attend the meeting is 12 April 2012 (cob).

The Supervisory Board has discussed distribution of proceeds at year-end pursuant to the new dividends policy approved in 2011, it is recommended to allocate 15.3% of the Bank’s net profit for the year according to RAS to dividends (compared to 12.1% for 2010). Accordingly the Supervisory Board recommends to the general meeting to issue a resolution of payment of dividends to shareholders on ordinary shares at 2.08 rubles per share, on preferred shares – 2.59 rubles per share (by results of 2010 dividends amounted to 0.92 rubles and 1.15 rubles respectively). Dividend yield on ordinary shares will be 2.05%, on preferred shares – 3.36%.

Based on the shareholders’ proposals, the Supervisory Board has approved the lists of candidates for the Supervisory Board and the Audit Commission.

The candidates for the Supervisory Board mandates are:

Anton Danilov-Danilyan, Chairman of Sberbank’s Minority Relations Committee

Mikhail Dmitriev, President of the Center for Strategic Research Foundation

Ronald Freeman, Board Member, Troika Dialog

Herman Gref, CEO & Chairman of the Management Board of Sberbank

Sergei Guriev, Rector of the New Economic School

Sergei Ignatiev, Chairman of the Bank of Russia

Nadezhda Ivanova, Director of the General Economic Department of the Bank of Russia

Georgy Luntovsky, First Deputy Chairman of the Bank of Russia

Mikhail Matovnikov, CEO of Interfax-CEA

Vladimir Mau, Rector of the Russian Presidential Academy of National Economy and Public Administration

Alessandro Profumo, Former CEO of UniCredit Group

Alexei Savatyugin, Deputy Minister of Finance of the Russian Federation

Sergei Shvetsov, Deputy Chairman of the Bank of Russia

Rair Simonyan, Chairman of Morgan Stanley Russia

Sergei Sinelnikov-Murylev, Rector of the Russian Foreign Trade Academy of the Ministry for Economic Development of the Russian Federation

Valery Tkachenko, Chief Auditor of the Bank of Russia

Dmitry Tulin, Ph.D. in Economics

Alexei Ulyukaev, First Deputy Chairman of the Bank of Russia

Bella Zlatkis, Deputy Chairman of the Management Board of Sberbank

The Supervisory Board has studied the annual accounting report of the Sberbank of Russia for 2011, drawn according to requirements of Russian laws, and also proposals of the Personnel and Compensation Committee on payment of compensation to members of the Supervisory Board and Audit Commission, and recommended them for approval at a meeting of shareholders.

Amendments to the “Regulation on reserve fund, resources for payment of dividends and undistributed profit of Sberbank of Russia”, and report on actions in control of insider information in the bank for 2011 have also been approved during the meeting.