OREANDA-NEWS. Sberbank announces the results of the Supervisory Board meeting.

The Supervisory Board considered the 1H 2015 IFRS results of Sberbank and financial results under RAS for 8M 2015; the Board was also informed on the implementation status and the actualization of Sberbank's Development Strategy for 2014 - 2018.

The Supervisory Board approved the placement of local non-convertible interest-bearing bonds (series 01)  at the total nominal value of RUB18.5bn through a private offering with an early redemption option at the discretion of Sberbank. The bonds may become subordinated subject to the Central Bank approval. The bonds have a maturity of 10 years and 2 months.

In addition, the Supervisory Board was informed on the results of the central bank examination and the results of internal audit control conducted in the first half of FY15.  The Board also considered the question on foreign subsidiaries funding and approved Sberbank's Strategy of Risk and Capital Management, as well as the Risk Appetite of the Group and the Bank, without confirming the target level of risk.