Sberbank held its Annual General Shareholders Meeting. 
The GSM approved:
 - Sberbank's annual report for 2001 
 - Sberbank's balance-sheet total of RUB 1,954,407.2 million (as of 1st January 2002)
 - Sberbank's profit and loss statement for 2001 
 - Sberbank's profit of RUB 21,743.7 thousand
 - Audit Committee's report for 2001
 - Audit Committee's report on Sberbank's 2001 financial and operating results

The GSM:
 - considered the external auditor's report for 2001
 - approved the proposed scheme for distribution of profit earned by the Bank in 2001
 - approved the proposals from Sberbank's Supervisory Board to pay dividends for 2001 on Sberbank's ordinary and preference shares (at 105.7% and 114% of par value respectively)
 - approved amendments and supplements to the Charter and Regulations on Sberbank's Supervisory Board
 - appointed ZAO Ernst and Young Vneshaudit as Sberbank's external auditor for the 2002 financial year
 - approved the Corporate Governance Code drafted by the Bank's experts.

The GSM elected the Supervisory Board and the Audit Committee of Sberbank.

Acting in compliance with the Joint Stock Companies Law, the GSM held an election of the Chairman of the Board and CEO of Sberbank. Andrei Kazmin was elected Chairman of the Board and CEO in direct ballot by 93.6% vote.

Sberbank's Press Service