OREANDA-NEWS. Notification of significant decision of the shareholders meeting, which the joint stock company “Rietumu Banka” discloses as the issuer of the financial instruments

Regular Shareholders meeting of the Joint stock company „Rietumu Banka” on 30 March 2016 (Minutes No. 1) made a decision on re-election of the members of the Audit Committee for next three years. The following members the Audit Committee were elected:

1) Arkadijs Suharenko – Chairman of the Audit Committee;

2) Valentins Blugers – Member of the Audit Committee;

3) Maksims Malisko – Member of the Audit Committee.

The main tasks of the Committee are to monitor preparation of the financial statements and consolidated financial statements of the Bank; to propose an official auditor for carrying out audit services in the Bank; to monitor the effectiveness of the operation of the internal control and the risk management systems.

Arkadijs Suharenko is Deputy Chairman of the JSC „Rietumu Banka” Council.

Valentins Blugers is Member of the JSC “Rietumu Banka” Council.

Maksims Malisko is an independent member of the Audit Committee in the meaning of paragraph 7 of the Clause 541 of the Law of Financial Instruments Market.