OREANDA-NEWS. March 16, 2009. Following an agreement with Zaza Sioridze and Anton Ingorokva, minority shareholders of JSC VTB Bank (Georgia), JSC VTB Bank has completed the purchase of 7.13% of shares, thus increasing its stake in JSC VTB Bank (Georgia) to 84.68%, reported the press-centre of VTB Bank.

At the same time, the Extraordinary General Meeting of JSC VTB Bank (Georgia) shareholders granted a request from Zaza Sioridze and Anton Ingorokva to terminate their powers as members of the Supervisory Council.

Some other changes to the Supervisory Council were also made at the meeting: Nikolai Kuznetsov and Alexander Yastrib, both VTB Senior Vice Presidents, were replaced by Elena Narozhnaya, Deputy Head of VTB CIS Banks Coordination Division and Natalia Konovalova, Senior Vice President and Director of VTB24 CIS Retail Business Coordination Division.

Evgeniy Nemerinskiy, Alexander Yashnik, Octavian Costas retained their powers as members of JSC VTB Bank (Georgia) Supervisory Council.

At the Supervisory Council session, which took place after the Shareholders Meeting, Evgeniy Nemerinskiy, Vice President and Head of VTB CIS Banks Coordination Division, was elected its Chairman, and Elena Narozhnaya was elected Deputy Chairman.