OREANDA-NEWS. December 19, 2014. Bank Vozrozhdenie has held the meeting of the Board of Directors.

The Board has approved the Order of writing-off uncollectible debt on loans, similar indebtedness and other losses at Bank Vozrozhdenie.

This document was based on the Order of writing-off uncollectible debt on loans and similar indebtedness against provisions for possible losses on loans and interest thereof at Bank Vozrozhdenie, approved by the Board of Directors in 2006. It was updated in accordance with the applicable legislation, law practice and clarifications of the Department for Banking Regulation and Supervision of the Bank of Russia published on the regulator’s official website.

The approved Order also considers all the alterations made to the preceding edition, which was considered as invalid at the today’s meeting of the Board of Directors.