3 November 2003

Russian manufacturing economy records upturn in growth during October

21 October 2003

Russia’s investment gradestatus: Another new landmark

22 November 2001

Moscow Narodny Bank, Singapore Branch
USD42 Million Transferable Term Loan Facility

Moscow Narodny Bank, Singapore Branch (MNBS) has successfully concluded the
raising of a USD42 million transferable loan facility.
The Co-ordinating Arrangers, Oversea-Chinese Banking Corporation Limited and
United Overseas Bank Limited, were able to increase the facility amount due
to strong market response which resulted in a 43% over subscription to the
initial proposal. The facility will enable MNBS to develop its lending and
marketing programmes that are structured towards the development of trade
and economic co-operation between Russia and the countries of the
Asia-Pacific Rim. As a British institution, Moscow Narodny Bank has always
regarded MNBS as a critical component for its strategy of providing a
financial bridge between Russia and the global economy. The extremely
positive response to the facility is a reflection of the confidence the
regional financial markets have in MNBS.
In addition to its role as Joint Co-ordinating Arranger, UOB has also been
appointed as facility agent.
The participating institutions are:
Co-ordinating Arrangers
Oversea-Chinese Banking Corporation Limited
United Overseas Bank Limited
Arrangers
Bumiputra-Commerce Bank Berhad, Singapore Branch
Chang Hwa Commercial Bank, Ltd Singapore Branch
First Commercial Bank, Singapore Branch
Senior Managers
Chinatrust Commercial Bank, Offshore Banking Branch
Standard Chartered Bank, Singapore Branch
Manager
Natexis Banques Populaires, Singapore Branch
Igor Souvorov, Chairman & Group Chief Executive of Moscow Narodny Bank said,
"The confidence of the Singaporean market in MNBS, and indeed Moscow Narodny
Bank, is being increasingly reflected by the international credit rating
agencies.
Earlier this year, Fitch upgraded Moscow Narodny Bank to BB+ and
Moody's to Ba1 with our subsidiary Mosnarbank rated by Fitch as B+. This
USD42 million term loan will enable MNBS to sustain its current pattern of
growth in its lending programme."

21st November 2001

Moscow Narodny Bank celebrates 30th Anniversary of Singapore Branch

Moscow Narodny Bank (MNB) yesterday celebrated the 30th anniversary of the
establishment of its Singapore Branch, with Mr Geraschenko, Chairman of the
CBR as the guest of honour.

As a British institution whose niche market remains Russia, MNB has always
sought to respond to both the global flows of Russian trade as well as
broaden its portfolio of assets. Singapore has helped enable the Bank to
develop both these aims. Russia is both European and Asian and allied
with/to MNB's London head office, Singapore has been critical to the
development of MNB Group in the Asia-Pacific Rim, which was further
complemented with the opening of the Beijing representative office in
December 2000. Operating from Singapore, the Branch has been able to
develop a portfolio of lending across the Asia-Pacific region, taking
advantage of the economic and trading diversity of the region.

Later this week, the Singapore Branch is due to sign a USD$42 mln three-year
locally syndicated Transferable Term Loan Facility. Mr E Grevtsev, Managing
Director of Moscow Narodny Bank Singapore said; "The positive experience of
operating in Singapore over the past three decades, and the regional storms
which Singapore has weathered during this period, has enabled the Bank to
prove itself as a sound financial institution."

Mr I Souvorov, Chairman and Group Chief Executive, Moscow Narodny Bank
commented; "Since the establishment of the Singapore branch in 1971, the
Bank's growth has continued to reflect the ongoing progress of the Singapore
economy. Operating within this environment the Bank has broadened and
developed a range of products and facilities that meet the requirements of
the region, contributing to the overall performance of the Moscow Narodny
Bank."

16th November

US$200 MILLION 5 YEAR FINANCING FOR GAZPROM
ARRANGED BY MOSCOW NARODNY BANK