20 April 2011, Wednesday
The Bank’s YE2010 profit of US$54 million – the highest ever in its history – covers the loss incurred by the Bank in the crisis year 2009. Today the General Meeting has approved the following distribution of FUIB’s Profit for 2010:
- 5% to be transferred to the Reserve Fund;
- 95% to be used for covering FUIB losses in the previous years.
FUIB General Meeting also approved Natalia Izosimova, Managing Director of the Foundation for Effective Governance, as a new member of the Supervisory Board of FUIB. Hence, the following composition of the Supervisory Board of FUIB has been approved to date:
- Iliya Arkhipov – Chairman of the Supervisory Board (representative of SCM Finance Ltd.);
- Oleg Popov – Member of the Supervisory Board (representative of SCM Finance Ltd.);
- Anna Dugadko – Member of the Supervisory Board (representative of SCM Finance Ltd.);
- Sergey Kurilko – Member of the Supervisory Board (representative of SCM Finance Ltd.);
- Natalia Izosimova – Member of the Supervisory Board (representative of SCM Finance Ltd.).