Annual General Meeting of the shareholders of VTB Bank OJSC was held on June 20, 2014 in St. Petersburg, Russia. Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Shahmar Movsumov participated at the meeting as an independent member of the Bank’s Supervisory Council.

During the meeting shareholders discussed the approval of the Bank’s Annual Report and Annual Financial Statements for 2013, profit allocation for 2013, election of the members of the Supervisory Council, selection of auditor for next financial year, new wording of the Bank’s Statute and other important issues.

Executive Director of SOFAZ Sh. Movsumov was re-elected as an independent member of the Supervisory Council of VTB Bank OJSC.

In 2013 SOFAZ purchased newly issued shares by the VTB Bank OJSC in the amount of USD 500 million and acquired 2.99 % of total shares of the Bank.