A meeting of the Board of Directors of PJSC Tatfondbank was held today.
The Board of Directors considered preliminary results of the Bank’s activity and implementation of the Bank’s Development Strategy in 2015. The work done by executive bodies in the current year was found satisfactory.
The Board of Directors approved the Development Plan and the budget of the Bank for 2016, considered the results of the monitoring of the remuneration system, and approved the plan of measures for implementation of the Bank’s personnel policy for 2016.
The Board of Directors approved the action plan of the Bank’s Internal Audit Service for 2016, the action plan of the Controller of the Bank as professional participant of securities market for 2016, and a number of internal documents of the Bank.
Besides, the Board of Directors made decisions in connection with the participation of the Bank in the banks recapitalisation programme of the State Corporation Deposit Insurance Agency.
The Board of Directors approved related party transactions of the Bank in accordance with Chapter XI of the Federal Law “On Joint Stock Companies”.
The Board of Directors also considered reports on the functioning of the Bank’s risk management system, on implementation of previously made decisions and instructions of the Board of Directors, on the spending of funds for social and charitable purposes, and made other decisions within its competence.