The release of the financial statements will be followed by a conference call today at 5pm Moscow time to discuss key highlights of the financial statements, as well as to answer questions regarding the Bank's financial position and developments. The call will be hosted by Mr. Vladislav Khokhlov, CFO and First Deputy CEO, and Mr. John McNaughton, Managing Director.
Moscow, 8 May 2009 – Today at an extraordinary general shareholders meeting (EGM) the shareholders of URSA Bank voted to approve the reorganization of URSA Bank through a merger by way of accession of MDM Bank (Open Joint Stock Company) and Bankovsky Holding MDM (Closed Joint Stock Company) into URSA Bank (Open Joint Stock Company). The merger was supported by 99.64% of URSA Bank’s shareholders.