The annual general meeting of Snezhinskiy Bank shareholders was scheduled for April 21, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account as well as their distribution. The shareholders will be presented with the report by the management on the company’s achievements in 2005 and goals for 2006; they will also have to approve of the business plan for 2006-2008, elect the inspection committee and the auditor.

In what regards the dividends, the Board decided to pay 1.25 RUR per equity