Privredna banka Zagreb will hold its General Assembly on March 29, and on the agenda, in addition to the report of the Supervisory Board on oversight and the annual financial statements, is the decision on the use of profit, payment of compensation to the Chairman of the Supervisory Board, and the election of two new members of the bank’s Supervisory Board.
PBZ ended the last year with a profit of 845.55 million kuna, and the proposal of the Management and Supervisory Board is to allocate 844.04 million kuna for dividend payment, with the remaining amount going to retained earnings. Thus, shareholders will receive 44.4 kuna per share, and retained earnings will increase to 7.18 billion kuna.
Additionally, it is proposed to pay the Chairman of the Supervisory Board a net compensation of 52,500 euros in kuna equivalent for work performed in 2012 and to elect two new members of the Supervisory Board. One of them is Paolo Sarcinelli, Director of the Credit Department in the International Subsidiary Banks Division of Intesa Sanpaolo in Milan, who would replace Massimo Pierdicchi, who resigned from that position. Furthermore, the mandate of the current member Branko Jeren, a professor at the University of Zagreb, would be extended from April 20, 2013, to 2016.
Currently, the Supervisory Board of PBZ consists of György Surányi, Chairman of the Supervisory Board, Ivan Šramko, Deputy Chairman, and members Giampiero Trevisan, Branko Jeren, Nóra Katalin Kocsis, Beáta Kissné Földi, and Massimo Pierdicchi.
