NBD General Presentation

2. NBD General Presentation Population is over 4.5 mln

3. NBD Bank Brief profile Year of creation – 1992 General banking license, Securities license Since 2004 – state deposit insurance program member Since 1994 – development as an universal bank for SMEs Since 1994 – close cooperation with EBRD, EBRD has 25%+1 of voting shares Target groups – SMEs and individuals The main foreign partners – EBRD, IFC, DEG, KFW, Commerzbank, USAID, Raiffeisenbank Capital 30 September 2005 – 598mln. rub. ($ 21.01 mln), equity $ 25.9 mln,assets – 3 963mln. rub. ( $ 139.067mln) Branch network – 14agencies

4. ¹ Партнер Программа Годы 1 EBRD SME Lending Program Since 1994 2 WORLD BANK and EBRD Enterprise Support Program 1996-1999 3 WORLD BANK and EBRD Financial Institutions Development Program  1996- 1999 4 WORLD BANK and EBRD Housing Construction Financing Program 1996-1999 5 Swisscontact Credit Resources Access Facilitation Program 1997-2004 6 Swisscontact Exchange risk sharing program 2000-2004 7 US-Russian Investment Fund Micro Lending Program 1999-2001 8 US-Russian Investment Fund Car Purchase Lending Program 1999-2001 9 USAID Pilot program of IAS implementation in Russian banking system Since 2000 10 IFC Medium sized business promotion Program Since 2001 11 WORLD BANK Enterprise Support Program Since 2001 12 Dresdner Bank AG Financing of import from Germany Since 2001 13 Commerzbank Bank AG Guarantee of the telecommunication equipment purchase Since 2002 14 DEG Middle business development program Since 2003 15 KFW Micro and small business development program Since 2004 16 EBRD Trade Facilitating program Since 2004 16 Raiffeizen Bank ( USAID) Micro and small business development program Since 2005 List of international programs

5. NBD Bank – Bank for Small and Medium companies Prerequisites Large number of clients ( According to official statistics there are over 9.5 mln in Russia) Excellent opportunities for the growth of clients number (in 2004 г number of SMEs for 1000 of population in Russia 6.5, in France 35, GB - 45, Japan 50, Italy 68, USA 75) Positive trends of the development in the the sector sale growth was over 35% in 2004 Relatively low banking competition level in the sector High efficiency profitability ------------------------------------------------------------------------------------------------------------------------------------------ Bank achievements Development and successful 10 years use of the risk assessments techniques Implementation of the work out procedures Implementation of the wide product range Creation of the distribution channels, developing branch network -------------------------------------------------------------------------------------------------------------------------------------- Key results More then 20 loans are issued every day Loan portfolio exceeds 2,6 bln. rubles , losses are below 1 %

6. Branch network

7. Type of client Monthly turnover, $ thousands Number of staff Micro up to 20 up to 50 Small over 20 up to 100 Medium up to 1,250 up to 300 Key products SME loans Deposits Documentary business Payments Internet bank Money market operations Plastic cards Exchange Securities market

8. Loan products Business loans Consumer loans Express Micro no collateral Consumer loans for entrepreneurs Overdraft on plastic cards ( payroll payment programs) Micro Small Mortgage loans for entrepreneurs Middle loan LC/guarantees Mortgage loans for individuals Leasing Car purchase loan

9. Main business loans to SMEs Micro business financing (loan in rubles up to equivalent of $30 000, terms up to 2 years, mainly financing of the trade turn over of the micro trade companies and private entrepreneurs, up to 200 000 rubles ( ~ $7 000) no collateral, over $7 000 – collateral for 100% of the loan size-equipment, goods, private property) Small business financing ( loans in rubles and hard currency up to equivalent of 150 000 up to 5 years, trade, production and service, collateral - 100%, hard collateral ( fixed assets) not less then 70% of the loan size Middle business financing (loans in rubles and hard currency up to equivalent of 3 000 000 up to 6 years, trade, production and service, the majority are investment loans, use the combination of the Letters of Credits and loans, collateral - 100%, preference to the real estate as a collateral.) Over 500 loans are issued monthly

10. Loan portfolio growth ( IAS 2000 – I H 2005)

11. Quality of the loan portfolio and its share in total assets Provisions to total loan portfolio, IFRS Movements of loan share in the total assets, IFRS

12. International relationships MlnEuro International strategy Trade finance using the limits in the foreign banks ( 7 banks) Special programs for SME lending with EBRD, IFC, DEG, KFW, USAID and FMO. Foreign currency payments via correspondent network Program of the borrowings from the private banks - direct loans, and syndicated loans in future _______________________________________________________________________

13. Proposals for the cooperation with NBD Bank Trade finance - Letters of credits Setting up limits for the confirmation of the Letters of Credits issued by NBD Bank with no cash cover_______________________________________________________________ Direct Loans to NBD Bank Middle term Loans to NBD Bank ( 2-5 years), with local loan portfolio as a collateral which consist of the loans to SMEs in the Volga region in Russia _______________________________________________________________Participation in the syndicated loan NBD Bank intends to attract a syndicated loan at the amount of 15-20 mln USD in 2007.

14. Contact details www. nbdbank.ru Russia, 603600, Nizhny Novgorod, GSP-202, Gorkogo Sqr., 6 Tel.: +7 8312 30 80 61; Fax: +7 8312 34 39 48 Evgenij Maksakov Head of corporate finance&customers Maksakov@nbdbank.ru Alexander Sharonov Chairman Of the Board of Managers Sharonov@nbdbank.ru