14.02.2017, Moscow

February 14, 2017, Moscow - Sberbank would like to announce results of the Supervisory Board meeting.

The Supervisory Board listened to reports about the development of the corporate business, results of inspections carried out by the Internal Audit Service in 2016, the development of corporate culture, and Sberbank's venture capital fund.

The Supervisory Board considered the progress of Sberbank's request about obtaining a permission from the Bank of Russia to use banking methods of managing credit risks and models of quantitative assessment of credit risks to calculate the capital adequacy norms of the bank. A decision was made to approve a plan of a phased transition to the approaches based on internal ratings.

The Supervisory Board considered a report about activities of the Committee on Interaction with Minority Shareholders.

The Supervisory Board terminated the authority of Deputy Chairman of the Executive Board Vadim Kulik and Deputy Chairman of the Executive Board Svetlana Sagaydak and excluded them from the Executive Board as a result of their resignation on February 15, 2017 and on March 1, 2017, respectively.

Sberbank published this content on 14 February 2017 and is solely responsible for the information contained herein.
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