OREANDA-NEWS. April 03, 2013. The regular meeting of Tatfondbank’s Board of Directors was held.

The Board of Directors approved the Bank’s Strategic Development Plan for medium term outlook (2013-2015) envisioning the enhancement of operational efficiency and increase in the share of high-yield segments in the Bank’s business.

According to the mid-term Development Strategy, the Bank plans to increase, by the end of 2015, its assets up to RUB 167 billion, retail lending portfolio – up to RUB 58 billion, corporate lending portfolio – up to RUB 65 billion, retail accounts – up to RUB 66 billion, and corporate accounts – up to RUB 38 billion.

The Board of Directors approved the main lines of development of information technologies for the purposes of further improvement of business processes and the Bank’s customer service system; considered the outcomes of assessment of the Bank’s Board of Management’s performance and of the monitoring of the internal control system, and performance and prospects for development of the Bank’s regional division.

A decision was made to convene the annual General Meeting of the Bank’s shareholders on 22 May 2013 and make a list of persons having the right to take part in it as at 10 April 2013, as well as the other decisions related to the preparation and holding of the meeting. Included on the agenda of the annual General Meeting of Shareholders were the following issues:

On the election of the counting commission of JSC AIKB Tatfondbank;

On the approval of the Annual Report, annual accounting statements, including the profit and loss statement, for 2012, and statement of profit and loss allocation based on the results of financial year;

On the election of the Board of Directors of JSC AIKB Tatfondbank;

On the election of the auditing committee of JSC AIKB Tatfondbank;

On approval of the auditor of JSC AIKB Tatfondbank;

On introducing the amendments to the Charter and internal documents of JSC AIKB Tatfondbank;

On approval of the Bank’s related party transactions in accordance with Article XI of the Federal law “On Joint Stock Companies”;

On increasing the Bank’s charter capital through placement of additional shares.

Besides, the Board of Directors heard the report on the implementation of previously made decisions, approved the Bank’s related party transactions in accordance with Article XI of the Federal law “On Joint Stock Companies”, made decisions on the spending of funds for social and charitable purposes, and on the other issues within its competence.