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           <h1>Portrait of the Bank</h1>
<p>Offering an individual service for corporate clients and individuals, Bank Vozrozhdenie provides financial services across the whole of Russia. With a history dating back to 1991, the Bank is one of the largest financial institutions in Russia today and has been among the country’s top 30 banks for 19 years in a row.</p>
<p>We serve almost 62,600 corporate clients and around 1.6 million retail clients, offering a variety of services that include deposits, business financing, mortgage and consumer lending, bank cards and settlement operations. Its services are accessible both at outlets and remotely, such as through mobile and internet banking.</p>
<p>Bank Vozrozhdenie’s network consists of 157 branches and 785 ATMs in 21 Russian regions, primarily those in the European part of the country: Moscow Region and the Southern and North-West areas of the country. The Bank is differentiated for the loyalty of its clients, many of whom have been with the Bank for more than 20 years.</p>
<p>Bank Vozrozhdenie’s strategy is based on developing a profitable business that generates stable commission income. In the corporate segment the key clientele are small and medium-sized enterprises (SMEs), while another rapidly expanding area is retail lending, where funding primarily comes from customer deposits. The Bank adheres to a conservative risk-management policy, which has enabled it to successfully emerge from all of the financial crises in modern Russian history.</p>
<p>The Bank is a public company, and its shares are traded on local and international stock exchanges. Its shareholder base includes over 9,000 individuals and legal entities, many of whom are long-term investors. The main shareholder is Dmitry Orlov, Chairman of the Management Board.</p>
<p>Bank Vozrozhdenie publishes financial statements according to Russian Accounting Standards and International Financial Reporting Standards. Its external auditor is PricewaterhouseCoopers Audit.</p>



 
Market positions<sup><a href="#" class="term" title="Source: RBC Rating, for 2011"><font class="Apple-style-span" size="1">1</font></a></sup>
<ul>
<li>3rd by loans to SMEs<sup><a href="#" class="term" title="For the first half of 2011"><font class="Apple-style-span" size="1">2</font></a></sup></li>
<li>7th by volume of mortgages</li>
<li>8th by active bank cards<sup><a href="#" class="term" title="For the first half of 2011"><font class="Apple-style-span" size="1">3</font></a></sup></li>
<li>16th by individual deposits</li>
<li>20th by loans to corporate clients</li>
<li>20th by volume of loan portfolio</li></ul>


 

 
<p> 
  <table class="tab" style="border-collapse: collapse; "> 	 
    <tbody> 		 
      <tr> 			<th>Key financial indicators<a href="#" class="term" title="Here and below, all financial indicators are based on IFRS results" style="color:#fff;"><font class="Apple-style-span" size="1">4</font></a></th> 			<th> 				 
          <p>2011</p>
         			</th> 			<th> 				 
          <p>2010</p>
         			</th> 			<th> 				 
          <p>Change</p>
         			</th> 		</tr>
     		 
      <tr> 			<td> 				 Assets, RUB billion 			</td> 			<td> 				 
          <p>183,99</p>
         			</td> 			<td> 				 
          <p>166,2</p>
         			</td> 			<td> 				 
          <p>10,7%</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Loan portfolio<a href="#" class="term" title="Excluding provisions"><font class="Apple-style-span" size="1">5</font></a> (excluding provisions), RUB billion 			</td> 			<td> 				 
          <p>137,3</p>
         			</td> 			<td> 				 
          <p>115,2</p>
         			</td> 			<td> 				 
          <p>19,2%</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Retail client funds, RUB billion</td> 			<td> 				 
          <p>145,1</p>
         			</td> 			<td> 				 
          <p>130,3</p>
         			</td> 			<td> 				 
          <p>11,4%</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Net income, RUB billion		</td> 			<td> 				 
          <p>1,6</p>
         			</td> 			<td> 				 
          <p>0,6</p>
         			</td> 			<td> 				 
          <p>174,4%</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Capital adequacy 			</td> 			<td> 				 
          <p>13,8%</p>
         			</td> 			<td> 				 
          <p>15,2%</p>
         			</td> 			<td> 				 
          <p>-1,4 pps</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 ROE 			</td> 			<td> 				 
          <p>9,1%</p>
         			</td> 			<td> 				 
          <p>3,5%</p>
         			</td> 			<td> 				 
          <p>5,6 pps</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Number of retail clients, ‘000 			</td> 			<td> 				 
          <p>1 594</p>
         			</td> 			<td> 				 
          <p>1 546</p>
         			</td> 			<td> 				 
          <p>3,1%</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 Number of corporate clients, ‘000	</td> 			<td> 				 
          <p>62,6</p>
         			</td> 			<td> 				 
          <p>60</p>
         			</td> 			<td> 				 
          <p>4,4%</p>
         			</td> 		</tr>
     	</tbody>
   </table>
 </p>



<table class="tbimg" style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; width: 100%; border-collapse: collapse; "> 
  <tbody> 
    <tr><td> 
        <h4>Asset structure</h4>
       </td><td style="width: 50px; "> 
        <br />
       </td><td> 
        <h4>Liabilities structure</h4>
       </td></tr>
   
    <tr><td style="vertical-align: top; "> 
        <p><img src="/img/grafiki_en/03.png" border="0"  /> 
          <br />
         </p>
       
        <p></p>
       
        <p><img src="/img/xls.png" border="0"  /> <a href="/xls/2012/en/03.xlsx" target="_blank" >Download XLS</a></p>
       </td><td></td><td style="vertical-align: top; "> 
        <p><img src="/img/grafiki_en/04.png" border="0"  /></p>
       
        <p><img src="/img/xls.png" border="0"  /> <a href="/xls/2012/en/04.xlsx" target="_blank" >Download XLS</a></p>
       </td></tr>
</tbody>
</table>
<br />


 
<h4>Credit ratings</h4>
 
<p> 
  <table class="tab" style="border-collapse: collapse; "> 	 
    <tbody> 		 
      <tr> 			<th>Agency</th> 			<th><p>Type</p>
         			</th> 			<th> 				 
          <p>Rating</p>
         			</th> 			<th> 				 
          <p>Outlook</p>
         			</th> 		</tr>
     		 
      <tr> 			<td> 				 <strong>Moody’s Investors Service</strong> 			</td> 			<td> 				 
          <p>Foreign-currency deposit rating</p>
         			</td> 			<td> 				 
          <p>Ba3/NP</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td></td> 			<td> 				 
          <p>Local-currency deposit rating</p>
         			</td> 			<td> 				 
          <p>Ba3/NP</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td></td> 			<td> 				 
          <p>Financial stability rating</p>
         			</td> 			<td> 				 
          <p>D-</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 <strong>Standard &amp; Poor’s</strong> 			</td> 			<td> 				 
          <p>Long-term counterparty credit rating</p>
         			</td> 			<td> 				 
          <p>BB-</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td></td> 			<td> 				 
          <p>Short-term counterparty credit rating</p>
         			</td> 			<td> 				 
          <p>B</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td></td> 			<td> 				 
          <p>National-scale rating</p>
         			</td> 			<td> 				 
          <p>ruA-</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     		 
      <tr> 			<td> 				 <strong>Moody’s Interfax</strong> 			</td> 			<td> 				 
          <p>Long-term national-scale credit rating</p>
         </td> 			<td> 				 
          <p>Aa3.ru</p>
         			</td> 			<td> 				 
          <p>Stable</p>
         			</td> 		</tr>
     	</tbody>
   </table>
 </p>

<br />
<table class="tbimg" style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; width: 100%; border-collapse: collapse; "> 
  <tbody> 
    <tr><td colspan="1"> 
        <h4>Dynamics and breakdown of assets, RUB million</h4>
       </td><td></td><td colspan="1"> 
        <h4>Dynamics and breakdown of liabilities, RUB million</h4>
       </td></tr>
   
    <tr><td colspan="1" style="vertical-align: top; "> 
        <p> <img src="/img/grafiki_en/01.png" style="margin-top: 14px;" border="0"  /></p>

        <p> * Undistributed financial indicators. </p>
       
        <p><img src="/img/xls.png" border="0"  /> <a href="/xls/2012/en/01.xlsx" target="_blank" >Download XLS</a></p>
       </td><td></td><td colspan="1" style="vertical-align: top; "> 
        <p><img src="/img/grafiki_en/02.png" border="0"  /></p>
       
        <p> * Undistributed financial indicators. </p>
       
        <p><img src="/img/xls.png" border="0"  /> <a href="/xls/2012/en/02.xlsx" target="_blank" >Download XLS</a></p>
       </td></tr>
   </tbody>
 </table>







 
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