DGAP-UK-Regulatory: Sberbank: Meeting of the Supervisory Board of Sberbank of Russia held

DGAP-UK-Regulatory: Sberbank: Meeting of the Supervisory Board of Sberbank of 
Russia held

Sberbank  / Miscellaneous

20.09.2013 18:31

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20 September 2013, Moscow - Sberbank of Russia reports the results of the
meeting of its Supervisory Board.

Alexey Kudrin was elected as the Chairman for the Strategic Planning
Committee of the Supervisory Board. The Strategic Planning Committee
carries out preliminary reviews of the issues relating to strategic
management of the bank in order to increase its long-term efficiency.

The Supervisory Board approved the amended Regulations on the Committees of
the Supervisory Board.

The Supervisory Board took note of the conclusions and recommendations that
emerged from the results of an independent evaluation of the efficiency of
the Supervisory Board and its committees. Earlier, in accordance with the
decision of the Staff and Remuneration Committee of the Supervisory Board,
Sberbank decided to appoint international consulting firm Oliver Wyman to
review and report on the effectiveness of the Supervisory Board and the
committees of the bank for 2012.

This report is the first independent assessment of the effectiveness of the
Supervisory Board of Sberbank. The Supervisory Board intends to evaluate
its effectiveness on an annual basis, and also to carry out an independent
external assessment at least every three year.

'An evaluation in this format is a first for major Russian corporations. It
continues the trend of improving corporate governance, to which Sberbank
has always paid very close attention,' Herman Gref, President, Chairman of
the Board of Sberbank of Russia, noted.

In addition, the Supervisory Board took note of: Sberbank's financial
report for the first half of 2013 and the financial results of the first 8
months of 2013; on the progress in the improvement of the organizational
structure of the central office of Sberbank; of the report of Sberbank on
the work of the MIS, and; of the results of the audit conducted by the
Internal Control Department in the first half of 2013.

# # #

Sberbank of Russia
Alexander Baziyan
Public Relations
Tel.: +7 495 957 5721

Sberbank of Russia is Russia's largest bank and a leading global financial
institution. Sberbank holds almost one third of aggregate Russian banking
sector assets, it is the key lender to the national economy and the biggest
deposit taker in Russia. The Central Bank of the Russian Federation is the
founder and principal shareholder of Sberbank owning 50% of the Bank's
authorized capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 110 million
individual customers and 1 million corporate clients in 20 countries.
Sberbank has the largest distribution network in Russia with more than
18,000 branches, and its international operations include UK, US, CIS,
Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of
Russia. The official website is www.sberbank.ru.

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Language:           English
Company:            Sberbank
                    19 Vavilova St.
                    117997 Moscow
Phone:              +7-495-957-57-21
E-mail:             media@sberbank.ru
Internet:           www.sberbank.ru
ISIN:               US80585Y3080, RU0009029540, RU0009029557
Listed:             Frankfurt in Open Market (Entry Standard) ; MICEX, RTS
Category Code:      MSC
LSE Ticker:         SBER
Sequence Number:    1664
Time of Receipt:    Sep 20, 2013 18:31:24
End of Announcement                       EquityStory.RS, LLC News-Service
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