OREANDA-NEWS. The VTB Shareholders Consultative Council (SCC) met in Moscow on 16 October. Herbert Moos and Yulia Chupina, Deputy Presidents and Deputy Chairs of the VTB Bank Management Board both attended the meeting.

Herbert Moos presented the Group's financial results for the first six months of the year to minority shareholders and talked about the outlook for the second half of the year. Yulia Chupina focused on VTB Bank's strategy for 2014-2016, which is currently under development.

The SCC members put forth their proposals on the bank's development strategy for 2014-2016, as well as concerning dividend policy. In particular, they believe that the new strategy should seek to increase shareholder value by implementing measures to tighten controls on loan portfolio quality and make risk management standards more stringent, while also growing the business (including through profitable investments) and adjusting the dividend policy to meet shareholder interests.