26.03.2008 /Auto loans The Bank of Moscow has announced the launch of a programme for refinancing of auto credits - Within the framework of the given programme, borrowers may exchange their cars bought on credit for new ones.

26.03.2008 /Financial Statements The SME lending market will see its volumes more than double by the year 2010 and reach $80-90 billion - In 2008 Alfa-Bank plans to increase its SME lending portfolio to $700 million. The volume of applications received gives the Bank reason to believe that this target will be exceeded.

26.03.2008 /Financial Statements MBRD Increases Net Profit - As of the end 2007 pure income amounts up to RUB2,12 bln which is on 246% more than total results as of 2006.

26.03.2008 /Bank's Ratings Management Company Pension Reserve has taken the lead among privately-owned management companies - In total, 126 thousand applications were submitted by individual citizens for transfer of their pension accumulation to management by privately-owned management companies, one in four of these applications (over 33.3 thousand) having been submitted to Management Company Pension Reserve.

26.03.2008 /Operations VTB Group strengthens its position in investment banking - VTB Bank announces the launch of its new investment bank to be headed by Yuri Soloviev, a high-profile banker with significant experience in investment bank in Russian and international markets. Mr Soloviev will be responsible for investment banking operations, asset management and private equity within the VTB Group.