07.10.2008

Bank’s Preliminary Results for 9 months 2008 under the Russian accounting standards

Gross profit for 3Q 2008 amounted to RUR 674.2 million including balance profit for September 2008 in the amount of RUR 45.9 million. Gross profit for 9 months 2008 increased by 42% to RUR 3,137 million compared to the same period of the previous year as a result of the Bank’s business growth and interest income increase.

The Bank’s assets increased by 44% (incl. 1.4% assets growth in September 2008) and amounted to RUR 180.8 billion as at October 1, 2008.

The corporate accounts increased by 3% for the 3Q2008 to RUR 95.8 billion as at October 1, 2008 while the retail customer accounts increased by 15% for the 3Q2008 to RUR 47.1 billion. In September 2008 the corporate customer accounts increased by 2% or RUR 4.4 billion while the retail customer accounts increased by 2.2% or RUR 1 billion.

The loans and advances to customers increased by 50% (incl. 3% growth in September 2008) and amounted to RUR 152.9 billion as at October 1, 2008.

Compared to January 1, 2008 Bank’s equity increased by 17% to RUR 20.6 billion as at October 1, 2008.