PRIME-TASS. An AGM held by Astrakhan-headquartered Vcabank gave the green light to 2008 dividend payouts of Rub 2.20 per common share with Rub 1.00 par value each. The bank is to spend Rub 19.8 mln in cash on dividends and will pay out the dividends no later than 45 days from the time when the AGM takes a relevant decision. Vcabank paid out 2007 dividend payouts of Rub 0.20 per share, allocating Rub 1.8 mln to dividends.
At the AGM the lending institution’s shareholders approved annual accounting records, including the P&L statement, and distribution of 2008 net profit. Along with the dividends, it was decided to pay Rub 26.15 mln as remuneration to management board members and leave Rub 13.17 mln as retained earnings.
The AGM also set the limit on the bank’s 2009 consumption fund (35% of net profit) and approved amendments to the statute on the general shareholders meeting. Donaudit Financial Markets was appointed the lender’s independent auditor in 2009.
The lender’s shareholders elected a 12-member BoD. Newly appointed board members are Sergey Badalov, Alexey Balandin, Nadezhda Bondarenko, Natalia Orlyanskaya, Alexander Krasnotsvetov, Yulia Kurjanova, Lyudmila Lomova, Sergey Panenko, Mikhail Stolyarov, Vladimir Sukhorukov, Dmitry Sukhorukov and Victor Kharchenko.
