New Supervisory Board “BPS-Bank” was elected in compliance with the initiative of Sberbank of Russia

In accordance wit the initiative of Sberbank of Russia, to whom starting from December 2009 belong 93, 27% of assets of Belarusian public corporation “BPS-Bank”, new Supervisory Board of the bank was elected. That was said in the BPS-Bank report.

In accordance wit the initiative of Sberbank of Russia, to whom starting from December 2009 belong 93, 27% of assets of Belarusian public corporation “BPS-Bank”, new Supervisory Board of the bank was elected. That was said in the BPS-Bank report.

Apart from the new members of the Supervisory board of BPS-Bank, changes in the charter of the bank were also approved at the special common meeting of the holders.

New members of the Supervisory Board of BPS-Bank became: deputy PM of Belarus Andrei Kobyakov, 8 representatives of Sberbank of Russia, General Director of JSC “Atlant” Viktor Shumilo and independent representative of Russian state institute of intellectual property.

The election of independent representative as a member of the Supervisory Board corresponds to the international standards that are applied to the members of the managing board of the bank, - stated in the report.

Thus members of the Supervisory Board of BPS-Bank include 9 representatives from Russia side and 2 from Belarusian side.

As it was stated in the report on December 11 the RF Sberbank purchased 93, 27% of assets of BPS-Bank with $ 280, 8 million. Public corporation “BPS-Bank” was created in December 1991.

At present the bank takes the 3d place among 32 Belarusian banks according to the amount of assets, capital, raising funds and branch network coverage.