TransCreditBank Presents Its Financial Statements

On May 21, 2009 TransCreditBank’s top executives presented the Bank’s IFRS 2008 financial statements and Q1 pro forma figures in the Main Office of the Bank.

During the meeting President of the Bank Sergey Pushkin and members of the Executive Board provided detailed answers to questions of top Russian financial analysts, reporters from business mass media and news agencies regarding fulfillment of the Bank’s financial and business plan, as well as its goals for 2009.

Consolidated IFRS statements audited by Ernst and Young Vneshaudit point to successful development of TransCReditBank’s Group in financial and economic crisis environment.  Indeed, as per preliminary estimates in Q1 the Bank generated RUR697 mln of net profit, approximately 40% up y-o-y.  The net profit target for 2009 is RUR3.1 bn which is close to 2008 performance.  TransCreditBank’s Executives elaborated on the plans for development of the customer base and regional expansion by consolidation of four subsidiary banks under a single brand.

Latest News ORGRESBANK has summarized results of the first half year of 2009 B&N Bank has improved its loan book quality Regulation of the Russian Government dated June 23, 2009 ¹ 854-r Alfa-Bank 2008 Annual Report On Approving Ernst and Young Vneshaudit as Auditor of Vnesheconombank's Annual Financial Statements for 2009 B&N Bank has issued IFRS Consolidated Financial Statements for the year ended 31 December 2008 BNP Paribas Group: Results as at 31 March 2009 According to RAS profit of B&N Bank in 1Q2009 amounted to RUB 142 mln. TransCreditBank Group Produced its 2008 IFRS Accounts UkrSibbank's Comments on Performance Results for 1Q 2009

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