04.12.2006 /Home mortgage Alfa-Bank increases maximum mortgage loan up to $500,000 - Building its presence on the mortgage market, Alfa-Bank has increased the maximum mortgage loan up to $500,000 to buy a flat in the secondary market. The first installment should be atleast 20% of the flat's value, from 350,000 to 500,000 US dollars (or its RF ruble equivalent).

04.12.2006 /Credit cards Alfa-Bank analyst says Retail Lending Priority shifted to Mortgage and Credit Cards in the First Half of 2006 - Natalia Orlova, chief economist and macroeconomic and banking researcher at Alfa-Bank, noted demand seemed to be shifted to credit cards, which posted a 300% YTD increase. Mortgage growth also accelerated, driving the market to a total of $6.2 billion.

04.12.2006 /Investing Alfa-Bank and the Russian Federal Agency for Atomic Energy (Rosatom) sign cooperation agreement - The Director of the Russian Federal Agency for Atomic Energy (Rosatom) Sergey Kirienko and Alfa-Bank President Peter Aven have signed an agreement to organize a financing program for the development of atomic power and industry, as well as an investment program and projects in this sector.

04.12.2006 /Events Alfa-Bank takes lead role in Energy Investment Forum in London - Alfa-Bank is taking the lead partnership role in the 7th International Forum "Russian Power 2006. Investment Opportunities & Financing Strategies in the Final Phase of Reform" to be held in London on 2-3 November 2006.

04.12.2006 /Events Alfa-Bank sponsors the prestigious "December Nights" Music Festival at the Pushkin Museum of Fine Arts in Moscow - The annual "December Nights" Festival at the Pushkin Museum of Fine Arts, perhaps Russia’s most prestigious musical event and crown jewel of the Moscow winter art season, marks its 25th anniversary this year.

04.12.2006 /Operations Bank of Moscow completed a $500 million syndicated loan deal - The allocation of the loan was finalized by oversubscription. The final amount of the loan is $500 million compared to the initially announced $400 million. Deutsche Bank, West LB, Sumitomo Mitsui Banking Corporation and BNP Paribas were among the loan arrangers.

04.12.2006 /Operations Alfa-Bank and General Motors CIS launch a joint auto lending program "GM Finance" in Russia - Alfa-Bank and General Motors CIS have formed a partnership to sell GM vehicles on credit by official GM dealers throughout Russia.

04.12.2006 /Operations Export-Import Bank of Korea increases Alfa-Bank’s credit line to USD 100 million - Alfa-Bank and Export-Import Bank of Korea have signed anagreement toincrease acredit line to USD 100 million from USD 80 million.

04.12.2006 /Operations The Bank of Moscow has issued 5 billion worth of Eurobonds - The Bank of Moscow has issued 5 billion roubles worth of three-year, rouble-denominated Eurobonds. The annual coupon rate is 7.25%. The Lead Managers are Barclays Bank PLC and JP Morgan.

04.12.2006 /Operations From Vneshtorgbank to VTB: a new VTB Group brand is officially launched - From Vneshtorgbank to VTB: a new VTB Group brand is officially launchedUnder the strategic re-branding programme, Vneshtorgbank and its subsidiaries with more than 50% participation, which are located in Russia, other CIS countries, Europe, Asia and Africa, are going to operate under a single VTB...

04.12.2006 /Operations From Vneshtorgbank to VTB: a new VTB Group brand is officially launched in Ukraine - From Vneshtorgbank to VTB: a new VTB Group brand is officially launched in UkraineOn 26th of October, within the framework of a visit of VTB Management to Ukraine, a press conference was held to mark the launch of a new brand of the Bank Group – VTB.

04.12.2006 /Operations From Vneshtorgbank to VTB: a new VTB Group brand is officially launched in Armenia - From Vneshtorgbank to VTB: a new VTB Group brand is officially launched in ArmeniaOn the 27th of October, within the framework of a visit of VTB Management to Armenia, a press conference was held to mark the launch of a new brand of the Bank Group – VTB.

04.12.2006 /Operations The VTB Group enters the market of Vietnam - The VTB Group enters the market of VietnamOn November 19, 2006 Vietnam-Russia Joint Venture Bank (VRB) was officially opened in the presence of Vladimir Putin, President of Russia, and Nguyen Minh Triet, President of the Socialist Republic of Vietnam.

04.12.2006 /Operations VTB started bankcard servicing of the Chinese processing company UnionPay - VTB started bankcard servicing of the Chinese processing company UnionPayIn November 2006 VTB started bankcard servicing of the Chinese processing company UnionPay (earlier China UnionPay (CUP)) in its several ATMs, located in Moscow and the regions, bordering the People’s Republic of China.

04.12.2006 /Financial Statements Vneshtorgbank (“VTB”) announces its consolidated IFRS financial results based on the interim condensed consolidated financial statements prepared in accordance with IFRS for six-month period ended June 30, 2006 - Vneshtorgbank (“VTB”) announces its consolidated IFRS financial results based on the interim condensed consolidated financial statements prepared in accordance with IFRS for six-month period ended June 30, 2006 Vneshorgbank will host a conference call to review financial results of VTB and its...

04.12.2006 /Financial Statements Vneshtorgbank REPORTS ASSETS OF U.S.$ 45.3 BILLION, UP 23%, with core revenue up 96% on organic growth and END-2005 acquisitions - Vneshtorgbank REPORTS ASSETS OF U.S.$ 45.3 BILLION, UP 23%, with core revenue up 96% on organic growth and END-2005 acquisitions Moscow, October 19, 2006 - Vneshtorgbank (VTB) today announces its consolidated IFRS financial results of VTB Group for the first half of 2006.

04.12.2006 /Bank's Ratings Alfa-Bank ranked the Best Bank in Russian Brand Rating 2006 - Interbrand Zintzmeyer & Lux AG and BusinessWeek Russia have presented their second ranking of the most valuable Russian brands. Alfa-Bank rated first among banks with an overall ranking of eleventh among the 200 most prominent national companies operating in different branches of the economy.

04.12.2006 /Who's who Leonid Ignat Appointed Director for Communications and PR of Alfa-Bank - Mr. Leonid Ignat will be responsible for the Bank’s general external and internal communications, media and public relations, image and reputation management, sponsorship and charity programs.

04.12.2006 /Who's who Anastasia Belyanina to head the newly-formed Bank of Moscow Department for organisation of its own borrowings and relations with investors - A new Department has been set up within the Bank of Moscow for organisation of the Bank's own borrowings and its relations with investors. According to Bank of Moscow Vice-President Alexei Sitnikov, creation of the new Department is in line with the Bank’s policy of increasing the capitalisation of the Bank and improving interaction with investors.

04.12.2006 /Events Alfa-Bank and Global Securities take partnership role in Investment Forum in London focused exclusively on the Russian, Turkish and Kazakh markets - Alfa-Bank and Global Securities took the lead partnership role in the Investment Forum "The Eurasian Connection: Regional Prospects in Russia, Kazakhstan and Turkey" held inLondon's Savoy Hotel on 6 November 2006.