Statements of the Bank of Moscow was left without approval

Bank of Moscow will not provide to shareholders of record for 2010. No member of the board of directors did not dare to endorse it. Come to an agreement the bank management, directors and auditors can help, it seems, the central bank. About this newspaper "Vedomosti" on Tuesday, May 31. The fact that the Board of Directors of the Bank of Moscow last Friday failed to approve the annual report for approval at the shareholders' meeting and the publication described two sources close to the board. All directors abstained from voting, told Vedomosti. The annual meeting of shareholders scheduled for June 27. Another obstacle for the approval of the annual report of the Board of Directors was the decision of the Chairman of the Audit Commission Konstantin Popov's withdrawal from the commission. In a statement, received by the Bank of 28 April (copy of the statement is at the disposal of "Vedomosti"), Popov referred to the considerable workload in other business projects and lack of time to perform their duties to monitor the financial activity of the bank. Contact Popov, chairman of the board of directors of the corporation "Inkom-real estate, failed. He is not the only one who left the Audit Commission, whose number is three. In February - after stepping down as deputy head of the Economic Management Department of the Moscow Property - the work of the commission stopped Ludmila Dontsova, says a source close to the bank. According to the Regulations on the Audit Committee of the Bank of Moscow, when the number of members of the Audit Commission is less than three persons, the Board of Directors shall convene an extraordinary general meeting of shareholders to elect new members of the Audit Commission. The remaining members of the Audit Commission carry out its functions until the election of new members of the commission at an extraordinary general meeting of shareholders. Not ready for and reporting of the bank by international standards. The new management of the Bank of Moscow has not yet found an agreed position with the auditors - BDO, said a top manager of the bank and confirmed by sources close to its board of directors. According to one of them, the discussion was the question of calculating reserves. In BDO declined comment. In such a situation, the most correct decision - to wait for the completion of verification of the Central Bank to form a coherent approach and to objectively assess the situation at the bank, said a bank manager. The newspaper reminds that earlier VTB President Andrei Kostin has publicly criticized the former management of the Bank of Moscow, calling the situation there "outrage" and put the bank on a par with Mezhprombank, "Slavonic and EEFC. Statements of the Bank of Moscow for the first nine months of last year has been certified by BDO in November. In this situation, bank statements, most likely, will not be timely provided to shareholders and will be after June 20, shortly after the inspection of the Central Bank, said a source close to the board of directors of the bank. The Bank of Moscow declined to comment, mark "Sheets".