OREANDA-NEWS. April 04, 2012. Subsidiary Organization VTB Bank (Kazakhstan) (Almaty, hereinafter in the quotation - the Bank), bonds of which are  officially listed on Kazakhstan Stock Exchange (KASE), informed KASE  by the official letter that, its Board of Directors made the following decisions, reported the press-centre of KASE:

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1. Elect the Bank Board of Directors member Olga Dergunova as the Bank  Board of Directors Chairman.

2. Take into consideration the Bank Management Board report on implementation of the Business Plan for the reporting period.

3. Preliminary approve the Bank financial statements for 2011.

4. Take into consideration the report of independent auditors Ernst & Young LLP to the Bank financial statements for 2011 and submit for consideration of the bank shareholder.

5. Recommend the Bank shareholder to approve the Bank financial statements for 2011.

6. Take into consideration the information on additionally formed reserve that influences on the bank financial results for 2011 according to requirements of the National Bank of the Republic of Kazakhstan.

7. Take into consideration the information on necessity of periodical forming of the Bank additional reserve during 2012 that influences on the bank financial results for 2012 according to requirements of the National Bank of the Republic of Kazakhstan.

8. Recommend the Bank shareholder not to distribute the bank net income for 2011 and do not pay dividends for 2011 on common shares.

9. Take into consideration the information on the Bank Board of Directors and Management Board members remuneration size and composition for 2011.

10. Take into consideration the information on absence of appeals in 2011 of the Bank shareholder to the Bank and its officials actions.

11. Approve deals of interest with affiliates of the Bank.

12. Approve changes in terms of the deal of interest with the Bank affiliates.

13. Approve changes and additions #3 to Rules of General Terms of Banking and Other Transactions on VTB Bank (Kazakhstan).

14. Take into consideration reports of the Bank Internal Audit Service for the reporting period.

15. Approve Action Plans of the Bank Internal Audit Service for 2012.

16. Approve making deals based standard terms with entities connected with the bank by special relations.