Supervisory Council

The Supervisory Council has the following powers:

• definition of the overall financial, accounting, administrative and personnel policies of the Bank and the Bank's policy on internal control, risk management, interest rate, allocation and classes of assets and other activities, as well as the adoption of rules and internal regulations necessary to ensure the safe and prudential Bank management;
• making decisions on the Bank's involvement in the capital of other legal entities (subject to Clause 7.3.7 of the Bank Charter), establishment and liquidation of subsidiaries, representative offices and branches, approval of their regulations;
• making decisions to conduct the regular and, if necessary, an extraordinary external audit, the appointment of external auditor;
• approval of strategic vision, mission, strategic plan (business plan) and budget of the Bank, and amendments thereto;
• approval of the Regulations on the Management Board, definition of the number of its members, appointment and termination of authority (including early) of the Chairman of the Bank’s Management Board and, on his proposal, the remaining members of the Bank’s Management Board, as well as the definition of the terms of remuneration for the Chairman of the Bank’s Management Board and, on his proposal, the remaining members of the Bank’s Management Board;
• providing recommendations to the General Shareholders’ Meeting on matters put to the General Shareholders’ Meeting;
• convening of the General Shareholders’ Meeting as well as approval of its agenda;
• in case of violation of the current legislation on the part of the Bank, informing the General Shareholders’ Meeting, the Audit Committee and the Management Board of this violation, as well as notifying the National Bank of Azerbaijan Republic of violation of banking legislation;
• making decision to establish capital reserves of the Bank (this decision should be included in the agenda of the next General Shareholders’ Meeting and discussed);
• permission to enter into transactions exceeding a total of 25 (twenty five) percents of the net assets of the Bank (the information on such transactions should be subsequently provided at least on the official website of the Bank or in a one of the print media);
• permission to enter into transactions exceeding a total of 50 (fifty) percents of the authorized capital of the Bank on behalf of the Bank;
• approval of transactions with affiliates of the Bank and entities acting on their behalf, in cases provided by the legislation of Azerbaijan Republic;
• making decisions on a comprehensive audit of the Bank or separate spheres of its activity;
• reviewing the results of audits conducted by internal and external auditors, as well as the National Bank of Azerbaijan Republic and the adoption of measures on the basis of the results of these audits;
• establishment and liquidation of the Bank Committees (except for the Audit Committee), approval of their regulations;
• making decision to write-off unrecoverable Bank assets;
• other powers provided by the legislation of Azerbaijan Republic, the Bank's Charter and the Regulations about the Supervisory Council.

	Tokarev Dmitry Gennadyevich Chairman of Supervisory Board Previously held positions: 03.1992 - 10.1992 – “Bonusbank” Social development support” Commercial Bank, 1st category Economist of credit chamber; 10.1992 - 03.1993 - ICP «Petal», Economist; 03.1993 - 01.1994 - «Sadko» JV Procurement and Import Senior Economist; 01.1994 – 05.2008 - held various positions at Foreign Trade Bank “Vneshtorgbank”; 05.2008 – to date - VTB Bank (open joint stock company), Chamber of development and coordination of corporate clients’ businesses of subsidiary banks in CIS of development and coordination of corporate business Division of subsidiary banks and nonspecialized assets Department, Vice-President- Managing Director. Born in 1969, Moscow, Russian Federation. In 1994 graduated from Finance Academy under the RF Government in “Finance and credit”.
	Tsarev Sergey Vladimirovich Deputy Chairman of Supervisory Board Previously held positions: 04.1998 – 11.1998 - State Specialized Russian Export-Import Bank  (Roseximbank): Economist of bank loans and guarantees Unit of credits and guarantees Division of crediting and clients settlement servicing Department 12.1998 – 12.2000 - JSCB "Eurofinance": the assistant to the First Deputy Chairman of the Management Board; 01.2001 – 08.2001 – OJSC Khanty-Mansiysk bank (the Moscow branch): the chief expert of Treasury; 08.2001 – 12.2001 - Bank «Central society of the mutual credit» (OJSC): the adviser of the Chairman of the Management Board; 12.2001 – 06.2005 - The International Investment Bank: the senior officer of investment lending Division; 07.2005 – to date - OJSC VTB Bank: Managing director of Central Asia banks unit of CIS banks coordination Division of Subsidiary banks Department Born in 1978, Moscow, Russian Federation. In 2000 graduated from Finance Academy under Russian Federation Government in "World Economic"
	Ismailov Vugar Ismet oglu Member of Supervisory Board Previously held positions: 2007 – to date – OJSC “AtaLizinq”, Chairman of Supervisory Board; 2006 – to date – OJSC “AtaHoldinq”, Deputy Chairman of Supervisory Board; 2005 – 2009 – OJSC “AtaBank”, Deputy Chairman of Supervisory Board; 2005 – 2006 - OJSC “AtaHoldinq”, member of Supervisory Board; 2003 – 2005 - OJSC “AtaHoldinq”, Deputy Chairman of Management Board; 2002 – 2003 - OJSC “AtaBank”, member of Management Board; 2001 – 2003 – LLC “Kermur-Consulting”, founder-director; 1998 – 2000 – “Business-Service-Centre LTD”, chief; 1993 – 1995 – Special Division under the President of the Azerbaijan Republic, investigation officer; 1988 – 1993 – Ministry of Internal Affairs, investigation officer. Graduated from Baku State University in “Law”. Born in 1967. Member of Supervisory Board since 2009 on the present.

• İnformation