Loan: Raiffeisen Bank (Russia), 4.2008

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. The Bank has been operating in Russia since 1996 and offers a full range of services to retail and corporate customers, both resident and non-resident, in roubles and foreign currencies. The Banks activities are supervised by the Moscow territorial department of the Bank of Russia. In 2006 Raiffeisen International Banking Group (before merge Raiffeisen International and RZB) purchased 100% shares in OAO Impexbank, and on 23 November 2007, the legal merger between Impexbank and Raiffeisenbank Austria was successfully completed. ZAO Raiffeisenbank, which aims to strengthen its position as one of the leading universal bank in the region, is regarded as one of the most reliable banks in Russia by the ratings agencies. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 2010 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 6th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 2010 results. According to the international rating agency Fitch Ratings, the long-term issuer default rating (IDR) in foreign and national currency is BBB+, and the outlook - "stable"; the short-term IDR in foreign currency is F2; the support rating is 2; the viability rating is bbb- and the national long-term is AAA(rus), the outlook - "stable".

Standard & Poors has given the Bank a long-term rating in foreign and national currency of BBB, the outlook - "stable"; a short-term rating in foreign and national currency of A-2; and a national-scale rating of ruAAA.

Moodys Interfax Rating Agency has given the Bank a long-term national credit rating of Aaa.ru. Moodys Investors Service has given Raiffeisenbank the following ratings: Baa3 for long-term (the outlook - "stable") and Prime-3 - for short-term ratings of deposits in foreign and national currency, and a bank financial strength rating of D+, baseline credit assessment of baa3 (the outlook - "stable").