OREANDA-NEWS. A regular meeting of the Board of Directors of JSC AIKB Tatfondbank was held on 23 October 2013.

The Board of Directors heard a report of the Board of Management on the implementation of the Bank's 2013 Development Plan for 9 months of the year. The work done by executive bodies in the reporting period was found satisfactory.

In 9 months of the current year, the Bank's assets grew by 13.9% to total RUB 125.3 billion, its equity increased by 15.8%, up to RUB 13.8 billion. The retail lending portfolio grew by 35.7% to total RUB22.7 billion, and the corporate lending portfolio increased by 12.9% up to RUB57.6 billion. The volume of retail deposits grew by 23.1% up to RUB45.7 billion, while corporate deposits increased by 13.2% up to RUB13.1 billion. Balances of corporate current accounts increased by 30.4% up to RUB8.2 billion.

The Board of Directors considered the management statements under the Strategic Development Plan of the Bank, issues related to the Bank's long-term development and management of basic financial risks, and a report of the Controller of the Bank as professional participant of securities market for 3rd quarter of 2013.

Having considered the letter of Robert Musin, Chairman of the Bank's Board of Management, of his voluntary resignation due to a transfer to another appointment, the Board of Directors decided to convene an extraordinary General Meeting of Shareholders of the Bank in the form of absent vote and to include on its agenda the issues related to termination of powers of Chairman of the Bank's Board of Management and election of a new Chairman of the Board of Management. There have been determined the record date timed to the extraordinary Meeting, 31 October 2013, and the last day on which the voting ballots can be submitted, 9 December 2013. There also have been made other decisions related to preparation and holding of the Meeting. It was decided to apply to the National Bank of the Republic of Tatarstan of the Bank of Russia for preliminary approval of Nailya Tagirova as single executive body - Chairman of the Board of Management of JSC AIKB Tatfondbank and propose her for approval as such by the convened Meeting.

To learn more about the Bank's strategy and the change of Chairman of the Board of Management, please read the interview published in the Kommersant on 10.10.2013.

Nailya Tagirova, First Deputy Chairman of the Board of Management of JSC AIKB Tatfondbank from 2012. Graduated from the Kazan State Institute for Finance and Economics named after V.V. Kuibyshev (1994, economist). Joined Tatfondbank in 1995. In 2002-2012, worked as Deputy Chairman of the Board of Management (from 2005, has supervised finance and analysis division).

The Board of Directors introduced amendments to the Decision on additional issue of and the Prospectus for registered ordinary securities (registration number: 10103058B011D of 30.07.2013), which provide for extension of the term of their placement and, in this connection, suspended the placement of the specified securities from 23 October 2013.

The Board of Directors also made decisions on the other issues within its competence.