12.07.2007 /Operations VTB Group bank continues its dynamic development in the Republic of Belarus - ZAO Slavneftebank continues to strenghten its positions in the banking sector of the Republic of Belarus. JSC VTB Bank (Russia) acquisition of ZAO Slavneftebank controlling interest (50% + 1 share) in April 2007 became a significant contribution to its dynamic development.

12.07.2007 /Operations The third BSGV branch has opened in Nizhny Novgorod - "Avtozavodskoe" branch is located at: 1B, Vedenyapina str. In this new office all the range of products for individual and corporate clients will be represented.

12.07.2007 /Operations Transcapitalbank placed its US$100mn Subordinated Eurobond Issue. - The deal was priced yesterday with a yield of 10.50% with ABN AMRO Bank and Credit Suisse Securities (Europe) Ltd. as joint bookrunners. The deal was assigned a B2 (Positive) rating by Moody’s.

12.07.2007 /Operations SlavinvestBank attracted its first international syndicated loan at US$ 67,000,000 with 67% oversubscription - This one-year (364-day) Facility was provided to finance and refinance SlavinvestBank’s trade finance activities with an interest margin of 1.75% p.a. above LIBOR and bullet repayment.

12.07.2007 /Bank's Ratings Euromoney awards Raiffeisen "Best Bank in Central and Eastern Europe" - The RZB Group won the prize for the CEE-region already for the third consecutive time. Altogether, Raiffeisen received the regional "Euromoney Award for Excellence" for the fourth time after 1999, 2005 and 2006. The Euromoney-editors based their decision on the expansion of all business segments and the leading position in the Commonwealth of Independent States (CIS).

12.07.2007 /Events Center-invest Bank became a holder of "Golden certificate of confidence" - On July 10, a meeting of Rostov region Administration and European Business Association delegation (EBA) took place in Center-invest Bank. During the meeting, the head of Federal Taxation Authorities of Russian Federation in Rostov region, Mr. Zerschikov, granted Center-invest Bank the "Golden Certificate of Confidence".