20.07.2007 /Operations Gazprombank Establishes an Affiliated Company in London - This decision will require appropriate approvals from the Central Bank of Russia, as well as the regulatory authorities in Great Britain. These are expected to be completed within 6-12 months.

20.07.2007 /Operations Probusinessbank and Rosemount Global Trade Finance Fund have closed a US$30,000,000 18-month trade-related club loan financing - Probusinessbank will use the Facility proceeds to finance cross-border import and export contracts of its strategic customers.

20.07.2007 /Operations Alfa-Bank completes US$ 900 million Dual-Tranche Term Syndicated Loan - The facility was launched at an initial amount of US $660 million, however, due to strong investor demand, the total loan amount was increased to US $900 million. The facility will be used to fund Alfa-Bank’s trade financing activities.

20.07.2007 /Financial Statements Bank Vozrozhdenie assets increased by 13.7% during the Q2, 2007 - The Bank’s assets totaled 92.7 billion rubles ($3.6 billion) at the end of the second quarter 2007 according to Russian Accounting Standards (RAS) and increased by 13.7% compared to the end of the first quarter 2007.

20.07.2007 /Bank's Ratings AK BARS Bank is in the list of top 10 the most stable Russian banks - According to the ranking published by the Profile magazine AK BARS Bank is number 9 in the list of 100 largest Russian Banks.

20.07.2007 /Who's who Alfa-Bank Announces Top Executive Promotions - Alfa-Bank announced its Board of Directors' decision to promote Mr. Petr Smida to the position of First Deputy Chairman of the Board of Directors.

20.07.2007 /Events Vnesheconombank and KfW Bankengruppe Sign Agreement on Cooperation - The Agreement aims to strengthen economic and financial relations between Russia and Germany. This Agreement is designed to promote cooperation between financial institutions of the two countries taking into account the Development Bank's new lines of business.