Sberbank / Miscellaneous

17-Nov-2015 / 15:15 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
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Sberbank's Supervisory Board Holds Meeting

November 17, 2015, Moscow - Sberbank announces the results of the Supervisory Board meeting.

The Supervisory Board discussed the results of Sberbank's activities for the nine months of 2015 and its RAS financial results for the ten months of 2015, heard reports on Sberbank's innovations (in respect of retail and corporate businesses, as well as payment systems), approaches to selecting new members of Sberbank's Supervisory Board and the independent assessment of the Supervisory Board's activity in 2015.

In addition, the Supervisory Board was informed of the results of Sberbank's internal audits for the nine months of 2015 and approved the Annual Inspection Plan by the bank's Internal Audit Service for 2016.
The Supervisory Board approved the internal remuneration policy documents: 'Human resources remuneration policy and qualification criteria for key Sberbank's employees' and 'Remuneration for labor policy of Sberbank'. The Supervisory Board also decided to implement a long-term remuneration programme. Following the results of 2015, significant part of variable remuneration will be postponed for three years and will be paid out over this period by separate installments. This revised pay scheme is aimed at the senior management of Sberbank and will be linked to the bank's share price. The new policy brings together the interests of the senior management and shareholders and corresponds to the best corporate governance practices.

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Sberbank
Alexander Baziyan
Press office  
Tel. +7(495) 957 5721
media@sberbank.ru
 
Sberbank 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 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 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. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.



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17-Nov-2015 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de/ukreg

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Language: English Company: Sberbank 19 Vavilova St. 117997 Moscow Russia Phone: +7-495-957-57-21 E-mail: media@sberbank.ru Internet: www.sberbank.ru ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Listed: Open Market (Entry Standard) in Frankfurt ; London, MICEX, RTS Category Code: MSC TIDM: SBER Sequence Number: 2915 Time of Receipt: 17-Nov-2015 / 14:43 CET/CEST  
 
End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------- 413983 17-Nov-2015