15.07.2008 /Personal loans The Bank of Moscow ups retail risk management with the help of SAS solution - The Bank's portfolio of credits for individuals exceeds Rub 90 billion. Every month Bank of Moscow examines around 100,000 applications for loans. Therefore more effective risk management is not merely meeting the regulator's requirements, but an important factor for the Bank’s competitiveness.

15.07.2008 /Investing Results of VTB Bank Annual General Meeting - The shareholders approved the Bank's 2007 Annual Report, and its annual financial statements, including the profit and loss statement (JSC VTB Bank profit and loss account) for the year 2007. The meeting also approved the profit allocation for the 2007 performance.

15.07.2008 /Investing VTB Bank: Disposal of holding in AK "Alrosa" (ZAO) - VTB Bank has disposed of its entire holding of 21,253 shares (10.63 %) in AK "Alrosa" (ZAO) as part of the agreement with the Federal Property Management Agency (Rosimushchestvo). According to the provisions of the transation, the cash proceeds for the deal amounts to RUR 8.7 billion.

15.07.2008 /Bank's Ratings Euromoney recognizes Alfa-Bank as the Best Bank in Russia in 2008 - The criteria for selecting the winners included the bank's position in the market, market share, innovative banking products, management system, professionalism of the staff, innovative character, balance sheet and shareholder equity.

15.07.2008 /Bank's Ratings Evrofinance Mosnarbank strengthened its positions in the Banker's TOP 1000 - In the TOP 1000 world banks ranking published by The Banker magazine in its July 2008 issue, Evrofinance Mosnarbank raised from 940th position to 800th bettering its position by 140 points as compared to the previous year.