OREANDA-NEWS. September 27, 2013. The Board of Directors of the Bank agreed to the proposed appointment of Vyacheslav Vdovin to the post of Deputy Chairman of the Board of Management of JSC AIKB Tatfondbank and made a decision to consider Vyacheslav Vdovin elected to the Board of Management of JSC AIKB Tatfondbank from the moment when the Bank receives a favourable decision from the National Bank of the Republic of Tatarstan of the Bank of Russia approving his appointment.

Vyacheslav Vdovin has been Advisor to Chairman of the Bank’s Board of Management for corporate governance from August 2013. Earlier, he held executive posts in Tatfondbank and other banks. In his new position, he will be supervising the strategic division of the Bank.

The Board of Directors considered the issues related to the resolution by the Bank’s executive bodies of matters connected to activity of the Bank’s subsidiaries and affiliated companies and to troubled assets management. The work of executive bodies in these fields was found satisfactory.

The Board of Directors considered the implementation of the plan of actions aimed at the development of the Bank’s corporate governance system, as well as the implementation of decisions and instructions of the Board of Directors, and social and charitable activity of the Bank.

The Board of Directors recognised as void the Regulations for certain branches of the Bank (in accordance with previous decisions on changing their status) and approved the Bank’s related party transaction in accordance with Article XI of the Federal Law “On Joint Stock Companies” (conclusion of agreement on bank deposit opened on market terms).

Besides, the Board of Directors approved recommendations of the Committees of the Board of Directors made as a result of preliminary consideration of issues included on the meeting’s agenda.