OREANDA-NEWS. July 09, 2012. Open Joint-Stock Company “The Agency for Housing Mortgage Lending” (AHML) held its annual General Meeting of Shareholders.

The General Meeting resolved to approve the annual report and the annual financial statements of AHML for 2011 – the documents were prepared pursuant to the requirements of the Russian laws and reflect the financial position and results of the financial and business activities during the period between 1 January and 31 December 2011.

The authenticity of the data was confirmed by the in-house audit committee and the company’s auditor. For 2012, the General Meeting appointed FinEkspertiza LLC as the auditor to perform the mandatory annual audit of AHML, this company was selected by the Agency through an open tender.

The General Meeting approved distribution of income earned by AHML. According to the results of 2011, net profit was RUB 5.172 billion, 25% was allocated to be paid out as dividends on the Company’s shares – the dividend amounted to RUB 1.293 billion.

The General Meeting re-elected the ten members of the Supervisory Board of AHML and approved the appointment of the 4 members of the company’s in-house audit committee:

The Supervisory Board:

I. V.  Lomakin-Rumyancev - Independent expert, Chairman of the Expert Board of Rosgosstrakh;

C. M. Guriev - Rector of the New Economic School (Institute) (Independent Director);

V. A. Gusakov – Managing Director for Corporate Operations  of CJSC MICEX Stock Exchange (Independent Director);

I. V. Kogan - Chairman of the Supervisory Board of Interbank Clearing System (Independent Director);

N. N. Kosov - First Deputy Chairman of the Bank for Development and Foreign Economic Affairs (Vnesheconombank);

A. V. Pleshakov - President of the Guild of Financial Managers;

A. L. Sadikov - Head of the Presidential Experts’ Directorate of Presidential Executive Office;

A. N. Semenyaka - Chief Executive Officer, General Director of OJSC “The Agency for Housing Mortgage Lending”;

G. A. Tosunyan - President of the Association of Russian Banks (Independent Director);

A. M. Uspensky – Vice-President of Uralsib PJSC.

In-House Audit Committee:

I. A. Danilov – Deputy Head of the Directorate of the Federal Agency for State Property Management;

D. V. Skripichnikov – Deputy Director of Department of the Ministry of Economic Development of Russia;

Ya. I. Tulchinskaya – Managing Director of ATOM LLC;

M. A. Turukhina – Head of Department of the Directorate of the Federal Agency for State Property Management

Additionally, the General Meeting gave its preliminary approval for a number of interested party transactions that AHML may enter into in the future in the course of its business activities.