OREANDA-NEWS. April 19, 2012. General shareholders' meeting was held, where the shareholders of "MEGABANK" PJSC have approved the reports of the Supervisory Board, the Management Board and auditing committee as for results of the bank activity in 2011. Besides, during the meeting Annual financial report has been adopted, the procedure of distribution of profit has been defined, redrafted Statute and internal provisions of the bank have been approved as well as the development strategy for 2012-2015 aimed at abandonment of traditional banking scheme and introduction of expert model, reported the press-centre of MEGABANK.

The main activities to gain the projected indicators are: enhancing business processes, developing and introducing staff motivation model to business sectors in the bank, upgrading IT technologies and risk management system, improving the management reporting system.

According to the decision 5% of the profit made in 2011 will be submitted to reserve fund, the rest - to the fund for the development of material and technical resources of the bank. By 2016 it is planned to provide an increase of assets by 84% or UAH 3.8 billion to UAH 8.3 billion; increase the loan portfolio by 85% or UAH 2.8 billion to UAH 6.2 billion at the expense of increase in volume of loans to agricultural sector and small and medium-sized businesses; increase the bank capital by 60% or UAH 398 million to UAH 1 billion.

Besides, the following composition of the Supervisory Board of "MEGABANK" has been elected: the Chairman of the Supervisory Board Viktor Subbotin, members of the Supervisory Board: Alexander Saveliev (representative of European Bank for Reconstruction and Development), Lars Oermann (representative of KfW bank), Alexey Cherkasskii, Alexander Plekhov, Svetlana Sakhtinova and Lidiya Nosenko.