Address of the Chairman of the Managing Board

The year 2009 is coming to an end – the year, which has been not so simple for the global financial system, the year of sustainability tests for many banking institutions, the year of rethinking.

In spite of the crisis phenomena, our Bank has never stopped its lending to our clients, it steadily went on implementing its investment projects. Serious and coordinated activities of the Bank’s team of like-minded persons resulted in strengthening of the Bank’s positions in ratings of the international and Russian agencies – today we belong to the top 40 most reliable Russian commercial banks and the top 50 credit financial institutions by our capital.

We have a sufficient financial position and we are not going to rest upon the achieved, to fold the planned programs, to abandon primarily declared strategic plans. In 2010 we will face a complex of challenges, aimed at the further business development, extension of our regional network, introduction of new modern high-tech products, keeping enhanced standards in our services.

We permanently take care of a good reputation of the Bank, we feel liable towards our clients for quality of the services provided, we set a high value to confidence of each of them and are always open for communication.

With every good wish to you,