OREANDA-NEWS. January 05, 2015. A regular meeting of the Board of Directors of JSC AIKB Tatfondbank was held.

The Board of Directors considered a report on preliminary results of the Bank’s activities in 2014 and the course of implementation of the Bank’s Strategic Development Plan in 2013-2015. The work done by executive bodies in the reporting period was found satisfactory.

The Bank’s assets grew by 23.9% from the beginning of the year and totalled, at 1 December, RUB 159.8 billion. Its equity grew by 26.4%, up to RUB 19.8 billion. The Bank’s lending portfolio increased by 8.8%, totalling RUB 88.6 billion. The amount of deposits and balances of retail plastic cards grew by 12.2%, up to RUB 55.9 billion. The amount of deposits and balances of corporate current accounts grew by 66.9% to total RUB 28.4 billion.

The Board of Directors approved the Bank’s Development Plan for 2015.

The Board of Directors decided to set the offering price for additional shares of the Bank at RUB 10 per one share. For reference, the meeting of shareholders made a decision on 13 November 2014 to increase the Bank’s charter capital by RUB 4 billion through placement of additional registered ordinary shares by public offering. As a result of additional issue, the Bank’s charter capital can grow by 31.7% to total RUB 16.6 billion.

The Board of Directors also approved a number of internal documents in their new versions: the list of information and management statements submitted to the Board of Directors of the Bank; the procedure for monitoring of the Bank’s internal control system; the procedure for interaction between certain controlling bodies and services of the Bank and their interaction with audit organisations; the regulations for the Bank’s internal control system; the regulations for remuneration and stimulation of the Bank’s personnel, and the regulations for bonus payments to the Bank’s employees. The Board of Directors also approved the regulatory risks management policy and the work plan of the Bank’s Internal Control Function for 2015.

The Board of Directors considered the information on the plan of actions for implementation of the Bank’s personnel policy for 2015 and approved the approaches to the personnel motivation system and personnel costs budget.

Besides, the Board of Directors considered issues related to implementation of previous decisions and instructions of the Board of Directors and to spending of funds for social and charitable purposes.