External Auditor

The Bank regards audit of accounting statements as one of the key financial controls.

To audit and confirm its annual financial statements, the Bank shall, as provided for in its Charter on an arm’s length basis, engage a professional audit company (external auditor).

Recommendations for the Supervisory Board as to the nominee and remuneration cap for the Bank’s auditor, the type and scope of its services including related services, shall be prepared by the Audit and Risk Committee of the Supervisory Board.

The Supervisory Board shall propose the nominee for the Bank’s auditor to the General Shareholders’ Meeting for approval.

The Bank sets such auditor selection criteria as to engage a highly professional and reputed auditor well experienced in bank audit.

The Bank reports under the Russian and international accounting standards, considering their application as an efficient tool to promote trust in the Bank of both its shareholders and clients, as well as its foreign partners.

Continuation and development of this practice shall promote the quality, completeness and reliability of information disclosed.

Joint-Stock Company «Kept» was appointed as the Bank’s audit firm for 2024 and the 1st quarter of 2025 (as per resolution of the annual Gerneral Shareholders’ Meeting on June 25, 2024).