17 Nov 2015 14:15
Sberbank / MiscellaneousSberbank: Sberbank's Supervisory Board Holds Meeting 17-Nov-2015 / 15:15 CET/CESTDissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Sberbank's Supervisory Board Holds Meeting November 17, 2015, Moscow - Sberbank announces the results of theSupervisory Board meeting. The Supervisory Board discussed the results of Sberbank's activities forthe nine months of 2015 and its RAS financial results for the ten months of2015, heard reports on Sberbank's innovations (in respect of retail andcorporate businesses, as well as payment systems), approaches to selectingnew members of Sberbank's Supervisory Board and the independent assessmentof the Supervisory Board's activity in 2015. In addition, the Supervisory Board was informed of the results ofSberbank's internal audits for the nine months of 2015 and approved theAnnual 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 keySberbank's employees' and 'Remuneration for labor policy of Sberbank'. TheSupervisory Board also decided to implement a long-term remunerationprogramme. Following the results of 2015, significant part of variableremuneration will be postponed for three years and will be paid out overthis period by separate installments. This revised pay scheme is aimed atthe senior management of Sberbank and will be linked to the bank's shareprice. The new policy brings together the interests of the seniormanagement and shareholders and corresponds to the best corporategovernance practices. # # # SberbankAlexander BaziyanPress office Tel. +7(495) 957 5721media@sberbank.ru Sberbank is Russia's largest bank and a leading global financialinstitution. Sberbank holds almost one third of aggregate Russian bankingsector assets, it is the key lender to the national economy and the biggestdeposit taker in Russia. The Central Bank of the Russian Federation is thefounder and principal shareholder of Sberbank owning 50% of the Bank'sauthorized capital plus one voting share, with the remaining 50% held bydomestic and international investors. Sberbank has more than 135 millionindividual customers and more than 1 million corporate clients in 22countries. Sberbank has the largest distribution network in Russia withalmost 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 ofRussia. Official websites of the Bank: www.sberbank.com (Sberbank Groupwebsite), www.sberbank.ru. --------------------------------------------------------------------- 17-Nov-2015 The EquityStory.RS, LLC Distribution Services includeRegulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------- 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-2015UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.