UniCredit Bank Financial Results 2007

UniCredit Bank (previously International Moscow Bank) has announced its financial results for 2007.

The Bank has shown net profit of RUR 6.74 billion (according to IFRS), up by more than 13% YoY.

At the same time net total loans to customers made up RUR 268.85 billion, up by 65% YoY.

Net loans to private individuals, in particular, more than doubled and reached RUR 48.40 billion (compared to RUR 22.04 billion as of December 31 2006).

Total assets as of December 31, 2007 amounted to almost RUR 367.95 billion, having grown almost by 49% in comparison with the 2006 data, and equity grew by 68% and reached RUR 35.22 billion.

UniCredit Bank financial indexes as of December 31, 2007:

• Total assets: RUR 367.95 billion (RUR 246.90 billion EoY)
• Equity: RUR 35.22 billion (RUR 20.96 EoY)
• Net total loans to customers: RUR 268.85 billion (RUR 162.95 billion EoY)
• Deposits in the Bank: 199.91 RUR billion (RUR 152.44 billion EoY), including deposits from private individuals: RUR 28.59 billion (20.55 billion EoY)

"The 2007 results prove the success of UniCredit Bank strategy implementation“,—marks Helmut Bernkopf, UniCredit Management Board Acting President. “We’ve managed to improve sufficiently all the principal indexes and be ahead of the market in the development of most of our business segments. Our success in retail is of special importance for us: we have increased sufficiently our loan portfolio, attracted more money of private individuals in our deposits. At this our regional subsidiaries have started to play a more significant part in our retail business development. All this makes us sure that we will proceed to develop as a strong universal bank of national significance”.

2007 was marked by the Bank’s final integration into UniCredit Group, that treats Russia as one of the most prospective markets, and reorganization of management model within the Group. Thus, in January 2007 Bank Austria Creditanstalt, responsible for CEE markets within the Group, acquired the controlling stock of IMB shares (79.32%) from Bayerische Hypo-und-Vereins AG (also a UniCredit Group member), and in July 2007 finalized the acquisition of IMB shareholding, previously belonging to EBRD (9.97%) and as a result became the only IMB shareholder.

In August 2007 Bank Austria Creditanstalt (BA-CA)raised the share capital of the Bank more than by RUR 7.6 billion, which also proved the strategic interest of the Group in the Bank’s business development.

And, finally, re-branding was conducted in December 2007 to testify the Bank’s total integration into the Group: the name “International Moscow Bank” was changed to “UniCredit Bank”

UniCredit Bank Press Team

Iren Shkarovskaya Iren.Shkarovskaya@unicreditgroup.ru, 258-73-93

Bela Yanibekova Bela.Yanibekova@unicreditgroup.ru, 8-903-297-32-13

Olga Kuleshova Olga.Kuleshova@unicreditgroup.ru, 8-916-815-82-99

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