Sberbank information (materials)
Information on Candidates to the Audit Commission
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- New Version of the Banks Charter Draft Resolutions of the Meeting Draft Resolutions of the Meeting
Information on Candidates to the Audit Commission Information on the Candidates to the Audit Commission
Written consents of the candidates for election to the Supervisory Board of Sberbank of Russia are available. New Version of the Bank's Charter Draft Resolutions of the Meeting Draft Resolutions of the Meeting Resolution on Item No. 1: Approve the annual report for 2011. Resolution on Item No. 2: Approve the annual report for 2011, including: the accounting balance-sheet and the profit and loss statement (disclosure forms). Resolution on Item No. 3:
Resolution on Item No. 4: Approve the auditing organization ZAO Ernst & Young Vneshaudit as the auditor for 2012 and the 1st quarter of 2013. Resolution on Item No. 5 Elect the following members to the Supervisory Board: .... Resolution on Item No. 6: Elect the following members to the Audit Commission: .... Resolution on Item No. 7:
Resolution on Item No. 8: Approve the new version of the Bank’s charter. Commit the CEO and the Chairman of the Bank's Management Board to sign the documents required for the state registration of the new version of the Bank's Charter. 1Hereinafter Sberbank of Russia, Sberbank, the Bank. 2Regulation # 312-P on the Bank of Russia's Procedure of Granting Loans Secured by Assets or Surety to Lending Institutions dated 12 November 2007 3According to FT Global 500 4Share in the earnings of the banking system before income tax with no events following the reporting date taken into account. Source – Review of the Banking Sector of the Russian Federation (online version) #113, March 2012 5The 2010 figure adjusted for changes made in 2011: funds in precious metals excluded 6Hereinafter, figures represented in tables may differ from estimates as a result of rounded data 7Pursuant to Directive #2332-U of the Bank of Russia On the List, Form and Procedure of Preparation and Submission of Reporting Forms by Lending Institutions to the Central Bank of the Russian Federation dated 12 November 2009, interest income includes loan interest, fee income generated by lending operations, interest income of previous years, fines and penalties 8Sberbank does not act as the insurer during the sale of insurance products 9Generated as part of planned arrangements with troubled assets 10This figure includes net income generated by transactions in securities valued at fair value through a profit or loss and available for sale and kept till redemption (Line 6, Line 7 and Line 8, Form 0409807) 11This figure includes net income on foreign currency transactions and net income on foreign currency revaluation (Line 9 and Line 10, Form 0409807) 12Subject to Russian Accounting Standards that applied in 2011, the financial result of currency SWAP transactions was significantly dispersed in time, and net income on conversion operations was affected by the cash side of transactions not closed by the reporting date. Derivatives (including currency SWAP transactions) accounting was modified by Russian legislation, effective as of 1 January 2012. 13This figure includes the change in the reserves for possible losses on loans, securities and other losses (line 4, line 14, line 15 and line 16 of form 0409807) 14Hereinafter, Loan portfolios of legal entities and retail clients are shown before provisions are made 15Regulation #215-P on the Methodology of Determination of Own Funds (Capital) of Lending Institutions approved by the Bank of Russia on 10 February 2003 16Major clients: borrowers/groups of related borrowers exposed to the maximum Loan risk (Standard N6, Instruction #110-I of the Bank of Russia On Reserve Requirements to Banks dated 16 January 2004) 17Loan portfolio of small businesses based on the classification of Federal Law #209-FZ On the Development of Small and Medium Business in the Russian Federation dated 24 July 2007 18The worth of documentary business includes import, export, domestic letters of credit, collection, obtained international guarantees, guarantees against counter guarantees. 20During calculation of this figure, the loan portfolio includes loans to banks, loans receivable from legal entities and retail clients less assignment contracts; the amount of liabilities of largest borrowers does not include banking groups and the Bank's affiliates 22The figures for subsidiary banks are converted into Russian rubles at the exchange rate set by the Bank of Russia (balance sheet figures are converted at the exchange rate set on the reporting date; profit and loss figures are converted at the average rate for the period). 23Directive #2089-U of the Bank of Russia dated 8 October 2008 On Preparation of Annual Reports by Lending Institutions (hereinafter the BoR Directive #2089-U) 24Hereinafter Sberbank of Russia, Sberbank, the Bank 25Directive # 2332-U of the Bank of Russia dated 12 November 2009 On the List, Form and Procedure of Preparation and Submission of Reporting Forms by Lending Institutions to the Central Bank of the Russian Federation (hereinafter the BoR Directive #2332-U) 26In accordance with Directive #2172-U of the Bank of Russia dated 20 January 2009 On Publication and Submission of Information about Operations of Lending Institutions and Banking (Consolidated) Groups, the decision to make a publication of the Explanatory Note to the Annual Report and the manner thereof is made by the lending institution independently 27Regulation #312-P on the Bank of Russia's Procedure of Granting Loans Secured by Assets or Surety to Lending Institutions dated 12 November 2007 28According to FT Global 500 29Technological scheme #2000 of collaboration between divisions of JSC Sberbank of Russia when implementing the “case-by-case” model of collection of bad assets; provisional technological scheme #2051 of early collection of overdue debt in the Small and Micro Loans segment; Rules of Procedure #278 for handling bad assets 30Share in the earnings of the banking system before tax with no events following the reporting date taken into account. Source – Review of the Banking Sector of the Russian Federation (online version) No.113, March 2012 31The 2014 Sberbank of Russia Development Strategy (hereinafter, the Strategy) was approved by the Supervisory Board of Sberbank of Russia in October 2008 32Data gathered in internal structural divisions equipped with the Line Management System 33Hereinafter, figures represented in tables may different from estimates as a result of rounded data 34Regulation No.215-P on the Methodology of Determination of Own Funds (Capital) of Lending Institutions approved by the Bank of Russia on 10 February 2003 35Operating income before creation of reserves is calculated in Form 0409807 as follows: line 18 minus line 16 minus line 15 minus 14 minus line 14 36As required by BoR Directive #2332-U, interest income includes interest on loans, fee income generated by lending operations, interest income for previous years, fines and penalties 37The size of the loan portfolio of legal entities given before deductions made towards reserves 38Symbol 12406 “Income Consultation and Information Services” for retail clients that reflects major incomes from the sale of insurance products. Other revenues from similar activities are entered in Symbol 16202 “Fee Charges for Intermediary Services under Broking and Similar Contracts” and, pursuant to Rules for completing Form 0409807, are entered in the “Fee Income” item. Sberbank does not act as the insurer during the sale of insurance products. Total income generated by the sale of insurance products in 2011 was 14 bn rubles. 39This figure includes net income from operations with securities, valued fairly through profit and loss, available for sale and kept till redemption (Line 6, Line 7 and Line 8, Form 0409807) 40This figure includes net income on foreign currency transactions and net income on foreign currency revaluation (Line 9 and Line 10, Form 0409807) 41Starting on 1 January 2012, the record-keeping of transactions under contracts for derivative financial instruments was amended as required by Russian laws (see section “Changes in the Bank's Accounting Policy for 2012” of this document) 42This figure includes changes in the allowance for possible losses under loans, securities and other losses (Line 4, Line 14, Line 15 and Line 16, Form 0409807) 43This explanatory note does not contain information on subsidiaries. As of 1 january 2012, Sberbank holds the following:
44 Preferential loans are loans with an interest rate which is 20% below the basic rate established by Sberbank for the given lending programs. 46Based on Method No.2047 for Determination of Loan Quality, Appraisal of Collateral Admitted under the Loan and Calculation of Allowance for Possible Losses under Loans approved by Sberbank on 22 December 2010. The 2010 figure was recalculated pursuant to the new method. 47Regulation No. 254-P of the Bank of Russia dated 26 March 2004 On the Procedure for Creating Allowances for Possible Losses under Loans, Loan and Equivalent Receivables by Lending Institutions and Regulation No.283-P dated 20 March 2006 On the Procedure for Creating Allowances for Possible Losses under Loans by Lending Institutions. 48Regulation No. 2046 on the creation and use at JSC Sberbank of Russia of a reserve for possible losses on loans dated 22 December 2010 49BoR Directives No.2612-U dated 20 April 2011 and No.2751-U dated 14 December 2011 amending Regulation No.283-P On the Procedure of Creation of Allowances for Possible Losses under Loans by Lending Institutions. of the Bank of Russia dated 20 March 2006 50Based on Form 0409115 data with events following the reporting date taken into account 51The 2011 and 2010 tables include part of the securities portfolio for which the Bank makes allowances for possible losses 52The 2011 and 2010 tables include part of the securities portfolio for which the Bank makes allowances for possible losses 53The 2010 figure has been recalculated by taking loans with overdue fee payments into account 54Assets are classified as bad pursuant to the Sberbank Regulation on working with bad Assets No. 278 55Information about shareholders holding over 5 % of voting shares in Sberbank of Russia are disclosed pursuant to Sberbank's Accounting Policy 56Instruction No.110-I of the Bank of Russia On Reserve Requirements for Banks dated 16 January 2004 57During calculation of this figure, the loan portfolio includes loans to banks, loans receivable from legal entities and retail clients less assignment contracts; the amount of liabilities of the largest borrowers does not include banking groups or the Bank's affiliates 58 This amount does not include the balance of the subordinated loan (300 bn rubles) granted by the Bank of Russia in late 2008. 59Letter No.70-T of the Bank of Russia dated 23 June 2004 On Typical Banking Risks 60Procedure for Evaluation of Reputation Risks of Sberbank of Russia No. 1485-r dated March 12, 2007. 61 The Accounting Regulation – Details of Related Parties (AR 11/2008) approved by the RF Ministry of Finance on 29 April 2008 62Letter No.129-T of the Bank of Russia dated 26 October 2009 on methodological recommendations On the Procedure of Calculation of Earnings Per Share During Preparation of Financial Statements by Lending Institutions Pursuant to International Financial Reporting Standards 63 The balance-sheet total of the mentioned companies exceeds 1% of the balance-sheet total of Sberbank of Russia. 64 Elected by the Annual General Shareholders’ Meeting of Sberbank of Russia on June 3, 2011 65 Regulation of the Bank of Russia No. 302-P "On the rules of accounting by credit organizations located within the Russian Federation" dated March 26, 2007 Directory: common common -> Anbookstore com Copyright 2013 common -> Chapter 1: Property as rights, not thing common -> The Promise of Accessible Textbooks: Increased Achievement for All Students common -> Proceedings of the national assembly common -> Grade 8: Module 3B: Unit 2: Lesson 17 End of Unit 2 Assessment, Part 1 common -> Advanced 3G/4g vehicle Wi-Fi Router hw-wr1642 common -> Common Core and headsets: what you need to know Download 1.41 Mb. Share with your friends:
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