OREANDA-NEWS. May 03, 2012. The Annual General Shareholders’ Meeting of Bank Saint Petersburg took place, reported the press-centre of Bank Saint Petersburg.

The shareholders approved the FY 2011 Bank’s annual report, annual financial statements including the Bank’s balance sheet and income statement, and distribution of profits of the Bank according to the reporting FY 2011 results. The General Shareholders’ Meeting made the decision on payment of dividends for 2011 on the ordinary and preferred shares in the amount of 11% of such shares’ nominal value and on type A preferred shares in the amount of the RUB equivalent of 13.5% of their placement price in USD. Aggregated sum of dividends paid is RUB 817 822 083 рубля. During the last decade, the Bank has regularly paid dividends to shareholders.

OJSC “BDO Sankt Petersburg” was approved as the Bank’s auditor for the Bank’s financial statements prepared in accordance with the Russian accounting standards for 2012.

The General Shareholders’ Meeting elected the Revision Committee of five members, and decided to approve interested party transactions, which may be performed in the future till the date of holding the 2013 General Shareholders Meeting.

By the voting results, the Bank’s Supervisory Board was elected with the following persons on its list: Indrek Neivelt, Alexander V. Savelyev, Elena V. Ivannikova, Andrey P. Bychkov, Vladimir A. Garyugin, Buyske Susan Gail, Andrey T. Ibragimov, Felix V. Karmazinov, Nina V. Kukuruzova, Maxim Y. Vorobyov, Alexander V. Pustovalov.

The General Shareholders’ Meeting approved amendments to the Banks’ Charter.

Vladislav Guz, First Deputy Chairman of the Management Board, commented on the General Shareholders’ Meeting’s results: “For the Bank 2011 was a year of change and active implementation of our new strategy: we moved into the new HQ, completed a number of strategic projects, we generated record profit. Our achievements in building the best Bank in St. Petersburg were awarded with two independent awards: Regional Bank of the Year and The Best Regional Bank”.

After the General Shareholders’ Meeting the Supervisory Board held its first meeting and elected Indrek Neivelt as its Chairman.