Decisions of the Annual General Meeting of the Shareholders of the BACB
On September 29, 2017 the Annual General Meeting of the Shareholders of the “Bulgarian-American Credit Bank” took place. The General Meeting of the Shareholders:
- Appointed “Ernst & Young Audit” OOD, Sofia and “AFA” OOD, Sofia for specialized audit companies for joint independent financial audit of the annual Financial Statements of Bulgarian-American Credit Bank, individual and consolidated, for the financial year 2017;
- Relieved Mr. Jason Lyle Cook of office as a member of the Supervisory Board of BACB;
- Appointed Mr. Serge Lioutyi for a member of the Supervisory Board of BACB. Pursuant to Order No. BNB-150074/ 28.09.2017, the Deputy Governor managing the Banking Supervision Department of the Bulgarian National Bank has given the preliminary approval pursuant to art. 11 (3) of the Credit Institutions Act and art. 11 of Ordinance No. 2 of BNB Mr. Serge Lioutyi to be appointed for a member of the Supervisory Board of BACB
The approved changes in the members of the Supervisory Board are subject to registration into the Commercial register after approval by BNB. BACB shall undertake the necessary steps for receiving the regulatory approvals related to these resolutions.
Further information for the decisions taken shall be included in the Minutes of the meeting which shall be disclosed within the regulatory deadline.
