Compensation paid to members of the Supervisory Council

The amount of remuneration and compensation paid to the members of the Supervisory Council and the procedure for determining the amount thereof is defined in accordance with the Regulation on Remuneration and Compensation Paid to the Members of the Supervisory Council of VTB Bank, approved pursuant to the recommendation of the Supervisory Council’s Staff and Remuneration Committee at the Bank’s AGM (minutes No. 47 of 24 June 2016) and posted in the Charter and bylaws section on the Bank’s website.

In accordance with a resolution of the General Meeting of Shareholders, the members of VTB Bank’s Supervisory Council may receive remuneration and compensation for expenses incurred in the course of their duties during their term in office depending on their actual involvement in the work of the Supervisory Council and Supervisory Council committees.

In case of early termination, as well as the re-election of members of the Supervisory Council at an Extraordinary General Meeting of Shareholders, the remuneration of a newly elected or former member of the Supervisory Council is determined proportionate to the time spent as a member of the Supervisory Council, as Chairman of the Supervisory Council, as a member of a Supervisory Council committee or as the Chairman of a Supervisory Council committee during the corporate year.

The amount of remuneration paid to members of the Bank’s Supervisory Council for the corporate year has not changed since 2012 and amounts toPayment conditions: attendance in person or participation via video conferencing in at least half of the meetings held, as well as participation in at least half of absentee votes held by the Bank’s Supervisory Council or a Supervisory Council committee.:
% of base payment RUB
Base payment
Remuneration for performing the duties of a member of the Supervisory Council 100 4,600,000
Bonuses for additional duties
For chairmanship of the Supervisory Council 30 1,380,000
For chairmanship of a Supervisory Council committee 20 920,000
For membership in a Supervisory Council committee 10 460,000
Remuneration paid to members of the Supervisory Council, RUB thousand
Remuneration paid to members of the Supervisory Council
Compensation of expenses for members of the Supervisory Council, RUB thousand
Compensation of expenses for members of the Supervisory Council

The decision on the payment of remuneration to members of the Supervisory Council based on 2018 results was taken at VTB Bank’s Annual General Meeting of Shareholders on 5 June 2019.

The decision on the payment of remuneration to the members of the Supervisory Council based on 2019 results will be made at VTB Bank’s Annual General Meeting of Shareholders in 2020.

In accordance with applicable Russian legislation, members of the Supervisory Council who are state employees do not receive any remuneration.

Remuneration is paid by the Bank through bank transfers; no other forms of remuneration are stipulated.

Supervisory Council members who are not state employees are compensated for expenses they incur while carrying out their duties, including accommodation, food, travel expenses (including VIP lounge services), other duties and fees for air and rail transport.