Ural Treasures Bank held its annual general meeting on May 30, 2007. The meeting resulted in the shareholders’ decision to approve of the bank’s annual report for 2006 as well as the balance sheet and appoint Yekaterinburg Audit Center the bank’s auditor. The new Board of Directors was elected as well. These are Deputy Head of Sverdlovsk Region Government Oleg Gusev, Vice Presidents of Ural Financial Holding Irina Lukyanets and Konstantin Pyzhov, Ural Treasures Bank CEO Ilya Markov, Chairperson of Mechel Bank Elena Nesterova, Counselor of Ural Financial Holding Anton Tretyakov, and President of Ural Financial Holding Vladimir Shulgin. Mr. Shulgin was elected the bank’s Chairman.

The stockholders also agreed upon the bank’s business plan for 2008-2009 and the ways of financing it (using, among other resources, last year’s profits), the spokesperson for Ural Treasures Bank reports.