Interfax Rating Agency, a strategic partner of Moody’s Investor Service agency in Russia, confirmed credit rating for Vozrozhdeniye Bank

16 January 2004

Interfax Rating Agency confirmed credit ratings assigned to Vozrozhdeniye Bank in September 2003 as follows: Baa3 (rus) for long-term credits, RUS-3 for short-term credits.

A strong market position in Moscow Oblast, and support from several Russian region administrations with whom the Bank co-operates, were key factors in determining the Bank’s rating.

The number of the V.Bank’s cards issued in 2003 rose by 34.6% to 420 thousand
Vozrozhdeniye Bank has completed successfully the year 2003. For the passed year the Bank Vozrozhdeniye’s net assets increased by 53% and topped RUR 26.6 billion