26.07.2007 /Investing "UkrSibbank" to finalize "A" series bonds placement of the ITC "Agromat" LLC with 13.19% yield - The issue of the "A" series bonds of ITC "Agromat" LLC was placed at a single yield of 13.19% per annum. 10 investors including banks, financial companies and asset management companies were among the buyers of the bonds.

26.07.2007 /Operations RZB Group closes benchmark securitisation in Russia. - A securitisation of mortgage loans in the amount of USD 179 million, originated by Russian commercial bank Moskommertsbank LLC (MKB), has been closed successfully.

26.07.2007 /Operations Transcapitalbank has launched a new branch in Yekaterinburg. - Yekaterinburg branch address: Chernyshevskogo st., 16. The branch provides the full range of banking: consumer and mortgage loans, deposits, plastic cards etc.

26.07.2007 /Operations Transcapitalbank has launched new ATMs in Moscow and Moscow region. - New ATMs has been launched in department store "DIXI" and "Vilka-Lozhka" restaurant of the "Food-Master" fast food network. Transcapitalbank ATMs enable to check the balance on plastic cards accounts, to pay for mobile communication, satellite TV and Internet fee free.

26.07.2007 /Operations Transcapitalbank's capital has been increased due to its US$100mn Subordinated Eurobond Issue. - The increase of Transcapitalbank's capitalization will substantially expand its lending business.

26.07.2007 /Operations VTB becomes the sole owner of 100% stake in CJSC VTB Bank (Armenia) - VTB Bank acquired 30% minus 1 share from Mika Armenia Trading Ltd and thus became the sole owner of 100% stake of CJSC VTB Bank (Armenia), its subsidiary bank in the Republic of Armenia.

26.07.2007 /Operations VTB Bank and JSC Sovcomflot sign a Cooperation Agreement - Under the Agreement, VTB will provide for JSC Sovcomflot lending and financing of current business and investment projects.

26.07.2007 /Financial Statements The Bank of Moscow Operating Results for the 1st Half of 2007 - The balance sheet profits of the Bank of Moscow for the 1st half of 2007 amounted to 4.6 billion roubles and net profits to 3.4 billion roubles. The balance sheet profit of the Bank for the first six months of 2007 was 34% higher than the profit for the same period of 2006, while net profit was 20% higher.

26.07.2007 /Bank's Ratings Standard and Poor's upgrades MDM Bank to "BB" from "BB-" - Thanks to the upgrade, MDM Bank's credit rating is now among the highest ratings of Russian banks, excluding those supported by the State.

26.07.2007 /Events Results of the Annual General Meeting of Shareholders of Bank of Moscow - Annual General Meeting of Shareholders of ÎÀÎ Bank of Moscow was held to sum up the results of the Bank's operations in 2006 and determine the main spheres of development for the current year.