OREANDA-NEWS. April 23, 2007. The Bank of Moscow is one of the most stable financial and credit institutions of Russia which continuously extends its influence within the bank service market.

During the 1st quarter of 2007, the “Bank of Moscow”’s book profit has reached RUR 3.7 billion with net profit amounting to RUR 3.3 billion. As compared to the same period of 2006, the book profit and net profit of the 1st quarter of 2007 are almost 3 and 4 times higher, respectively.

A quarterly growth of the Bank’s assets (as per the Form of disclosed statement) is 8% and, by 01.04.2007, its assets amounted to RUR 390.5 billion.

In the 1st quarter of 2007, an equity capital of the Bank of Moscow (as calculated using the methods prescribed by the RF Central Bank) has increased by 4% and became equal to RUR 40.1 billion as of 01.04.2007.

A number of corporate customers grew up by 4% for the quarter and now amounts to 95.9 thousand. A circle of individual customers became 5% wider and includes 7.5 million persons.

The total amount of money raised from the Bank’s customers (including funds of bankers and outstanding debentures) has increased by 8% a quarter and totaled to RUR 336.5 billion as of 01.04.2007. This figure includes money raised from individual clients, in particular by plastic cards, which amounts to RUR 94.4 billion thus showing 11% of quarterly growth.

An aggregate quantity of plastic cards issued by the Bank of Moscow as at 01.04.2007 is 7.3 million including 4.7 million of the “Muscovite’ Social Card”. During the 1st quarter of 2007, a number of cash machines increased by 7% and exceeded 1.3 thousand.

As at 01.04.2007, the Bank’s credit portfolio (which includes both corporate and individual clients) amounts to RUR 255.4 billion that is plus 7% against the previous quarter. Loans provided to natural persons have increased by 15% and are RUR 38.3 billion.

The Bank of Moscow renders services to its clients through its own network of 102 separate divisions (consisting of departments, mini-departments, operating cash offices and foreign-exchange offices) which work in every administrative district of Moscow as well as several cities and towns of Moscow area. Furthermore, the Bank’s client services are available through 470 of post & banking offices of Moscow and Moscow area. In the 1st quarter of 2007, the Bank has opened the “Zhukovka” branch for the Moscow region.

The Bank of Moscow is represented almost in all of key economical regions of Russia. The total number of the Bank’s separate divisions operating in regions (such as branches, supplementary offices, operating cash offices and foreign-exchange offices) is 214 as of 01.04.2007. During the 1st quarter of 2007, the Bank has established 6 regional divisions in Russia including two branches in Kovrov and Chelyabinsk. The assets in possession of the Bank’s affiliate network amount to RUR 79.4 billion, i.e. 18% of the aggregate assets owned by the Bank of Moscow.

To improve the quality of its customer service, the Bank continuously extends the number of centers to provide direct service to its clients. As at 01.04.2007, there were 86 credit offices, 539 service stations in sales networks and 132 automated self-service zones operating in Moscow and regions.

Reliability of the Bank has been confirmed by the world’s largest rating agencies. By information of the Moody's Investors Service, the long-term credit rating achieved by the Bank of Moscow is “Baа2”, rating of its Euro obligations — “А3”. The rating forecast is “stable”. According to the Fitch Ratings agency, the long-term credit rating of the Bank is “BBB”, rating of its Euro obligations — “BBB”. The rating forecast is “stable”

During the 1st quarter of 2007, prices quoted for shares in the Bank of Moscow at the MICEX (the Moscow Interbank Currency Exchange) have increased by 13% and amounted to RUR 1,410 per share (at 100 RUR of par value).