23.05.2008 /Home mortgage Absolute Bank Mortgage loan portfolio exceeded $1 bln. - Today, the mortgage programs of the bank are acknowledged by the experts to be ones of the most appealing in the market, as now you may receive a loan for the purchase of an apartment from at 9% APR in US dollars and from at 10% APR in Russian rubles for the period of up to 25 years.

23.05.2008 /Personal loans “UkrSibbank” extends a maximum period of SME lending secured by real estate up to 20 years - Personal mortgage-backed loans give the opportunity for SME clients to get financing up to 75% of the cost of collateral for the period of up to 20 years. As of today, our rates for this type of loans make up 14.5% in USD, 13.5% in EUR and 10.49% in CHF.

23.05.2008 /Auto loans Absolut Bank improved the terms for the car loan refinancing - The loan rate makes up from 9% APR in US dollars and Euros and from 11% APR in Russian rubles. The loan is issued to the amount of from 3,000 US dollars or Euros and from 90,000 Russian rubles to 200,000 US dollars or Euros (and 6,000,000 Russian rubles). The loan term may be as long as 7 years.

23.05.2008 /Events VTB Bank sponsors the tour of the Pyotr Fomenko Workshop Theatre to Armenia - The Pyotr Fomenko Workshop Theatre is on tour in Yerevan, Armenia, for the season of Russian culture 21-28 May 2008.

23.05.2008 /Operations Absolut Bank opened a branch office in Rostov-on-Don - The branch office of the bank is located at: 140/56, Maksima Gorkogo street, Kirovsky district, Rostov-on-Don. Business hours: Monday through Friday from 9:00 a.m. to 18:00 p.m., Saturday and Sunday are days off.

23.05.2008 /Operations Absolut Bank opened a branch office in Saratov - The branch office of the bank is located at: 14/26, V.I. Chapayeva street, Saratov. Monday through Thursday from 9:00 a.m. to 18:00 p.m. (no breaks), Friday from 9:00 a.m. to 17:00 p.m. (no breaks)

23.05.2008 /Operations Vnesheconombank and Kazakhstan Development Bank enter into Agreement - The Agreement provides for the period of using the credit line to be up to 2 years and for the repayment period to be up to 15 years. Repayment is to be made by equal half-year installments. The credit is to be used to finance purchases of Russian industrial equipment and implement joint projects by Russian and Kazakh companies in the Republic of Kazakhstan.

23.05.2008 /Financial Statements Following the 2007 results, Absolut Bank doubled its business scale over again - Corporate, retail and investment banking demonstrated dynamic growth. For the reporting period, the IFRS assets of the bank amounted to 130.4 bln. rubles, which is twice as much than a similar index in 2006.

23.05.2008 /Bank's Ratings Absolut Bank is on Top-10 mortgage leaders list - Absolut Bank took the 8th place in the rating of the Russian bank in terms of the mortgage loan portfolio volumes. Other ratings of Finance magazine witness it as well. In particular, the Bank is on the Top-10 list of the banks in terms of the granted mortgage loans in 2007.

23.05.2008 /Bank's Ratings Bank of Moscow wins Euromoney's "Best Deal of the Year" award - The jury of international investors appreciated the merits of the deal's innovative structure, notably the facility that, in contrast to the traditional securitisation scheme, provided for the assets to remain on the issuer's balance.

23.05.2008 /Operations Vnesheconombank and Omsk Region Government Enter into Agreement - Under the Agreement the two sides are determined to cooperate in raising funds to finance investment projects aimed at addressing top-priority objectives of developing the region and boosting its industrial potential. In particular, infrastructure projects and those designed to boost the region's innovation potential are considered to be high-priority ones.

23.05.2008 /Operations Vnesheconombank and Black Sea Trade and Development Bank Sign Memorandum - Under the Memorandum signed, Vnesheconombank and Black Sea Trade and Development Bank are determined to explore the possibility of jointly financing projects in Black Sea basin countries among other things in order to support small and medium-sized business.