Boris Gromov, Governor of the Moscow Region and Dmitriy Orlov, President of Bank signed an agreement on mutual cooperation up to the year 2010

This was communicated in the Bank's press release.

PRESS RELEASE.

Moscow, Staraya Ploschad 11th May 2005

Boris Gromov, Governor of the Moscow Region and Dmitriy Orlov, President of Bank "Vozrozhdeniye" signed an agreement on mutual cooperation until the year 2010 aimed at solving the priority tasks of the Moscow Region related to social and economic development of the region, enhancing its investing potential, as well as at production growing and introduction of new technologies.

The Regional Government and the Bank combine their efforts focused at mobilizing financial, credit, material and other resources aimed at restructuring of the Moscow Region's economy. The priority is given to development of roads and transport, military and industrial complex, fuel and energy, housing and communal services, as well as agro-industrial complex and social services.

At the moment, Bank "Vozrozhdeniye" has invested over RUR 15 billion worth of credit resources in the Moscow Region economy.

As Boris Gromov emphasized at the press conference, for the last 4.5 years the Moscow Region budget has grown by 5 times and at the moment it amounts to RUR 104 billion. The same can be said about the Bank Vozrozhdeniye's potential. Dmitriy Orlov, in his turn, said: "Moscow Region has become attractive for foreign investors, as being recognized by the international ratings. And we are efficiently working in this field for a long time".

"Vozrozhdeniye" is among the largest and safest universal banks of Russia. Its branch network consists of over 120 offices and covers all industrial regions of the country. The Bank owns 79 territorial units and an extended network of ATMs (over 200 units) across the Moscow Region.

The Bank is closely connected with the real sector of economy and focused to support domestic businesses. 80% of the Bank's loan portfolio covers industrial sector supplying the market of goods and services.

"Vozrozhdeniye" is among top ten banks working with retail deposits. The Bank's products, such as mortgages and car loans are in great demand on the retail market, as well as plastic card services (issue and service), including chip cards with higher level of safety. The volume of the cards issued by the Bank has long exceeded half million, and their growth continues.

"Vozrozhdeniye" is considered one of the most "customer" banks. Around 40,000 corporate clients and about 800,000 individuals use the Bank's services.