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Annual General Meeting of Shareholders of EXIMBANK - Gruppo Veneto Banca
Today, March 30, 2010, in the city of Montebelluna (province of Treviso, Italy) the Annual General Meeting of Shareholders of EXIMBANK– Gruppo Veneto Banca was held, which examined the financial results of the bank’s activity in 2009, and factors which contained bank growth in comparison with previous years.

In the framework of the meeting was mentioned that during the 2009 year total assets of the EXIMBANK - Gruppo Veneto Banca decreased by 1, 9% (69.7 million lei) and reached 3,647.6 million lei, the loan portfolio grew by 164.9 million lei (+7.1%) up to 2,492.1 million lei, the attracted deposits decreased by 82.4 million lei (-5.0%) to 1,560.0 million lei, including the attracted deposits from individuals, reduced by 13,8 % to 758,5 million lei.

During the reported year the Bank extended its banking products distribution network both in Chisinau municipality, as in the territory, by opening of two new branches and five representative offices. Thus, in accordance with the results at the end of the year Bank's network comprised 20 branches and 26 representative offices. During the same perios the acquiring network was extended by 16 ATM’s and 178 POS-es, reaching 69 ATM’s and 487 POS-es, due to this fact the bank has increased the volume of issued banking card by 13,2%.

At the same time, despite applied efforts, the year 2009 was the first year in the Bank’s history, when the year was closed with negative profit - 58,2 million lei as compared with the profit of the year 2008 in the amount of 113,3 million lei. The negative profit is a consequence of exclusively high credit risk in worsening general conditions of the local business activity. At the same time, applying the strict policy of credit risks estimation has allowed the bank to create the sufficient reserve to react adequately to possible challenges of the new fiscal year.

The Meeting has approved the norms of allocation the profit for year 2010, reports of the Board of Directors and the Censors’ Committee, the Report Executive Board for 2009, the working plan of the Censors Committee for 2010, rate of compensation to the members of the Board of Directors and the Censors’ Committee, modifications to the structure and to the Articles of Association, as well as the Corporate Governance Code.

PricewaterhouseCoopers Audit (Moldova) has been approved as the auditing company of the bank for 2010.

Bank’s policy on management of risk
Specimen signature card and authority level for correspondent accounts
Licence and certificate of registration
Corporate governance code
Correspondent banks
Sale of repossessed property
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