Performance of the Board of Directors and Committees under the Board of Directors

In 2024, a total of 15 meetings of the Board of Directors of Otbasy Bank JSC were organized and held: 13 in-person and 2 in absentia. A total of 153 agenda items were considered and decisions on them were made: 144 in person and 9 through absentee voting.

According to the Bank’s internal documents, the Board of Directors annually prepares its Activity Plan with the schedule of meetings for the previous year, based on the principle of rationality, efficiency and regularity. The activities of the Bank’s Board of Directors in 2024 were carried out in accordance with the 2024 Activity Plan of the Board of Directors of the Bank approved by the resolution of the Board of Directors of the Bank dated 28 December 2023 (Minutes No. 17).

The most significant decisions taken by the Board of Directors during the reporting period included the review and approval of the Bank’s Development Strategy for 2024–2033, the Information Technology Development Strategy for 2024–2026, the Bank’s Development Plan for 2024–2028, as well as amendments and supplements to the Bank’s Articles, election of members of the Management Board, and changes in the composition of the Committees under the Board of Directors.

Transactions with persons who have special relations with the Bank were approved without providing preferential terms.

The following issues were submitted to the Sole Shareholder and subsequently approved: the Annual Financial Statements and the Bank’s Annual Report for 2023, amendments and supplements to the Bank’s Articles and Corporate Governance Code, the approval of the external audit firm to conduct the audit of financial statements for 2024–2026 for Otbasy Bank JSC, and determination of the amount of payment for its services.