OREANDA-NEWS. October 30, 2014. A regular meeting of the Board of Directors of JSC AIKB Tatfondbank was held.

The Board of Directors heard a report of the Board of Management on the implementation of the Bank’s 2014 Development Plan for 9 months of the year, the information about the forecast of reaching the plan targets and indicators of the Bank’s Strategic Development Plan. The work done by executive bodies in the reporting period was found satisfactory.

For 9 months of the current year the Bank’s assets grew by 17.8% to total RUB 152 billion, its equity increased by 18.5% up to RUB 18.4 billion. The Bank’s lending portfolio grew by 9.7%, up to RUB 89.4 billion. The volume of retail deposits and balances on plastic cards increased by 8.1% up to RUB 53.8 billion, while the volume of corporate deposits and balances of current accounts grew by 73.5% up to RUB 29.5 billion.

The Board of Directors considered the information on the targets for basic indicators of the Bank's development planning for 2015, on the implementation of a Project for development of methodological tools to manage the Bank’s development strategy, and on the Bank’s long-term development concept, as well as on the implementation of the Action Plan for the development of the Bank’s corporate governance system for 2014.

The Board of Directors heard a report on the functioning of the Bank’s risk (financial and non-financial) management system and the key decisions made to manage the Bank’s major risks, and a report of the Controller of the Bank as professional participant of securities market for the third quarter of 2014.

The Board of Directors approved a number of internal documents: Reputational Risk Management Policy, Conflict of Interest Policy, the Procedure for determination and establishment of Key regulatory risk indicators, the Bank’s Anti-corruption Policy, and Code of Ethics, and the amended Regulations for prevention of misuse of insider information and market manipulation in the Bank.

The Board of Directors also approved amendments to the Bank’s Charter regarding the Bank’s Almetyevsk Branch in view of its changed status, additional conditions to the Agreement with the Bank’s Registrar connected with the performance of Counting Commission functions, and made decisions on the other issues within its competence.