119 Offices in Russia

23.06.2016

A regular meeting of the Board of Directors of PJSC Tatfondbank was held on 22 June 2016.

The Board of Directors made a decision to convene an extraordinary General Meeting of Shareholders on 29 July 2016 and to include on its agenda the issue on increasing the Bank’s charter capital by placement of additional issue of shares to the amount of RUB 3 billion. The Board of Directors approved the proposal of the Bank’s management on the main parameters of the additional issue. It is planned to place through public offering 300 000 000 ordinary registered book-entry shares with nominal value of 10 roubles each. The terms of placement and payment as well as the procedure for the conclusion of contracts in the course of placement are determined by decision on the additional issue.

“This decision fully conforms to the Development Strategy of Tatfondbank. Increasing the charter capital will enable us to enhance financial stability of the credit institution, increase lending of the economy, primarily, of its real sector, small and medium business. It’s not a secret that the development of the economy is to a large extent connected to the access of companies to borrowing. Tatfondbank is one of the key participants of the republic’s banking system, a bank with state participation, and it carries the great responsibility for ensuring the economic development of Tatarstan. The issue on additional placement of shares will be considered at the nearest General Meeting of the Bank’s Shareholders”, said Ildar Khalikov, Prime Minister of the Republic of Tatarstan, Chairman of the Board of Directors of PJSC Tatfondbank commenting on the decision of the Board of Directors.

According to Robert Musin, Chairman of the Board of Management of Tatfondbank, the increase of the Bank’s equity is also expected to take place in the near future, which is provided for by the Development Strategy. Additional issue and specified measures for additional capitalisation of the Bank together will enable us to increase substantially the size of equity and thus enhance Tatfondbank’s pace of development, and will have favourable impact on its ratios and bolster competitive strengths of the Bank.

The Board of Directors made a decision to elect Rustam Khakimov (at present, Chairman of the Board of Management of PJSC NKB Radiotechbank) to the Bank’s Board of Management and approved his nomination to the post of Deputy Chairman of the Board of Management of PJSC Tatfondbank. The meeting also made a decision to elect Roza Yakushkina (Director of Large Business and Project Finance Department of PJSC Tatfondbank) to the Bank’s Board of Management. Appropriate changes in personnel will become effective from the date on which the Bank receives positive conclusions on the approval of the nominations from the Division — National Bank of the Republic of Tatarstan of the Volga-Vyatka Main Branch of the Central Bank of the Russian Federation.

The Board of Directors confirmed the independent director status of the following members of the Board: Alexander Belgorodsky, Yelena Murashova, Alexander Slesarenko, Alexey Terekhov.

The Board of Directors also considered issues related to development of labour productivity and creation of high-performance workplaces, on the spending of funds for social and charitable purposes, and made other decisions within its competence.