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  • 1. Bank VozrozhdenieSteady growth despite economy decelerationInvestor presentationMay 2013
  • 2. 2This page is intentionally left blank
  • 3. 3AgendaBusiness modelBusiness overviewRecent IFRS resultsInvestment summary
  • 4. 4Over 20 years of successful development1991-1992 1993-1995Establishmentand bankinglicense34 branchesin the MoscowOblast1996-1998 2003-20041999-2002 2005-2006 2007-2008 2009-2010 2011-20129 new regionalbranchesopenedCash collectionand deliveryservicesestablishedCorr. accountswith westernbanksLicense forforeignexchangeAssociatemember of VISAInternationalAuthorized Bankof the RussianGovernmentJoined S.W.I.F.T.Joined theWorld BankdevelopmentprogramCooperationwith CIBCS&P ratingRated by theCentral Bankas a stablebank afterthe financialCrisisCIBCbecomes ashareholderThe 3rdlargestbranchnetworkTop 10 bydepositsfromindividualsTop 3 in theStateMortgageProgramTop 7mortgageproviderBest mid-cap Russianbank (BigMoney)$ 177 mlnraised by20th issue3rd bylending toSME$81 mlnEBRDfinancingTop 10 bybank cardsissuedBest SMEbank inMoscowOblastTop 10 retailbanks inRussiaFirst MBSdeal on Rub4,1 blnBank’s ADRstraded on theFrankfurtStockExchangeEstablishedATM networkand aprocessingcenterTop 20 bycorporateloan portfolioWidest ATMnetwork inthe MoscowOblastOver 100,000VISA cardsissued17th equityissue raises$33 millionJoinedDepositInsuranceProgramOverallrebrandingCRM systemdevelopmentThe mosttransparentbank inRussia (S&P)Top 500world’sbankingbrandsBest bank IRand best IRprofessional(ThomsonReuters )Bank of theYear in Russiain 2010 (TheBanker)Over 1,550,000clientsBest publiccompany(Secret FirmyMagazine)AlexanderDolgopolovappointedas theChairman oftheManagementBoardV.Banklaunchedproject oncostefficiency2013Best CorporateGovernance,Russia (WorldFinance)Best IRManagementin Russia(GlobalBanking &Financereview)
  • 5. 5Prudent risk-management policyBalanced Lending and Funding policyServicing retail customers throughout their whole life-cycleServicing Corporate and SME Customers In Each Stage OfBusiness DevelopmentVozrozhdenie Bankstrategy…… 1 522 000 Retail Clients…… 61 400 Corporate and SME Clients…… 21 Region… 148 Offices… 840 ATMs… 6 173 employeesFocus On Core Banking Products…service……via…Increasing efficiency in service deliveryVozrozhdenie Bank - a Community Bank built on strong relationshipswith SMEs and individual customers
  • 6. 6Moscow Oblast is a home territory withhistorically strong market position21 region of presence.Focus on the most attractiveSouth and North-WestBranches Sub branches Retail offices34 42 13 89TotalAs of 01.05.2013524 ATMs – every town is under coverage19 37 2 58Total316 ATMsRetail officesBranches Sub branchesDistribution network
  • 7. 7* RBC most recent rankingsKey Figures, RUBAssetsLoansCustomer FundsNet IncomeShareholders equityRetail ClientsCorporate ClientsPersonnelOfficesATMs209,062 mln141,662 mln163,876 mln2,331 mln20,807 mln1,522,00061,4006,173148840Loans to SMEs 61738/192913Volume of retail depositsBranches/ATMsNet AssetsBank cards issuedRankings*Corporate loans 21Mortgages 8Basic information & position in Russian banking system
  • 8. 8TNS loyalty surveyLoyalty index equals top 10% of majorinternational banks94% of our clients are ready to recommend usBa3/D-/NP, stableBB-/ruAA-, stableMICEX Financial IndexA2 MICEXMoody’sStandard&Poor’sIncluded in indicesListingIPSOS survey85% of respondents in our regions know usBrandFinance Banking 500 surveyV.bank ranks among top-10 Russian most valuablebanking brands with brand value of $190 millionThe BankerV.Bank – “The Bank of the year 2010 in Russia”as per the survey of The Banker magazine710131619222501.01.06 01.12.06 01.11.07 01.10.08 01.09.09 01.08.10 01.07.11 01.06.12S&PinternationalBB-Ba3MoodysMoodys InterfaxMoodysAaaAaABaaBaBCaaS&Pnational scaleS&PruAA-AAAAAABBBBBBCCCAa3.ruMarket recognitionCredit ratings ListingHigh recognition of brandWorld FinanceV.Bank was awarded for the “Best CorporateGovernance, Russia”, according to World Financesurvey
  • 9. 9Business model
  • 10. 10Personal bank forcorporate and retail customersRetail customersServicing throughout their whole life-cycleCorporate clientsServicing on each stage of businessdevelopmentFocus on core bankingproductsBalanced Credit andResource policiesPayrolls combine retail andcorporate segmentsCustomer acquisitionExpansion of branches andATMs networkGrowth of individual depositorsand borrowers numberMarket strategy
  • 11. 1159% 63% 60% 58% 64%41%37%40% 42% 36%3 7593 4023 773 3 8753 743Q411 Q112 Q212 Q312 Q412Non-interest income Net interest income113 91 98 120 124242628 31 33137144152 151156Q411 Q112 Q212 Q312 Q412Retail loansCorporate loans- Customer oriented organic growth- Conservative balance sheet- Primarily deposit funded- Focused network expansion- Increasing efficiency in service deliveryNote: all loans are gross loansRUB blnRUB bln21%79%RUB bln35%65%Business modelBusiness based on relationships… … gives stable non-interest incomeLoan portfolio development… … funded by customer accounts92 94 101 103 10753 4051 4857145 143 152 151 164Q411 Q112 Q212 Q312 Q412Interest-bearing DepositsInterest-free Current accounts
  • 12. 12Assets and liabilitiesRUB blnRUB bln10 10 10 10 10101 106 111 107 11023 2527 30 3291412 12 810,40,4 0,4 640 2934 3543184 183194 195209Q411 Q112 Q212 Q312 Q412Cash andequivalentsDue frombanksSecuritiesRetail loansCorporateloansOtherassetsReliable assets structure…Loan book growth……supported by customer-based funding…with retail outperforming18 19 20 20 214 4 4 5 68 7 7 8 87 8 8 8 720 22 24 25 2633 31 32 30 3620 18 19 182172 7277 7881184 183194 195209Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Retail depositsRetail accountsCorp. accountsCorp. depositsSecurities issuedDue to other banksOther liabilitiesSubordinatedloansEquityRUB bln77777874702233345414341403331282624Q412Q312Q212Q112Q411SME Administrations Large corporates Individuals+3,2%15,4 17,0 18,5 20,8 22,36,86,87,68,48,52,22,22,12,12,1Q411 Q112 Q212 Q312 Q412Mortgages Consumer and auto loans Credit cards+13,8% +34,8%+4,7%RUB bln
  • 13. 13Geographical diversificationCorporate loansCorporate depositsRetail deposits (without debit card accounts)Retail loans15%37%21%13%14%Moscow OblastMoscow Other regionsRUB123,515mlnSouth regionsNorth-West regions26%34%8%28%4%Moscow OblastMoscowOther regionsRUB25,896mlnSouth regionsNorth-West regions24%56%10%6%4%Moscow OblastMoscowOther regionsRUB81,014mlnSouth regionsNorth-West regions29%48%9%3%11%Moscow OblastMoscowOther regionsRUB32,850mlnSouth regionsNorth-West regions
  • 14. 14Segment Total credit exposure, RUB mlnLarge business > 750Medium-size and small businesses 30 - 750Micro businesses 6 - 30Food processing – factories manufacturing different types ofhigh-quality food and drinks.Petrol stations networks – complex service of high-quality petrol,minimarkets and café, car washes and technical services.Pharmacies networks – still healthy demand both for beautyproducts and medicines.Food retailers– small chains of handy stores “Close-to-House”style for daily shopping located in dormitory area with highdensity of population.Who are SMEs?What is our SME Definitions
  • 15. 1561,7 61,2 61,1 59,6 58,24,5 4,5 5,0 4,4 4,566,2 65,8 66,0 64,0 62,701.01.13 01.02.13 01.03.13 01.04.13 01.05.13RUR FX32%2%14% 15%3 3 3 2 270 74 78 77 7740 4143 41 45113118 124 120124Q411 Q112 Q212 Q312 Q41213%73%0,00%10,00%20,00%30,00%40,00%50,00%60,00%70,00%80,00%up to 30 mln 30-100 mln 100-750 mln more than 750 mlnRUB blnLarge corporations SMEs Other * as of December 31, 201236%63%1%Share of portfolioShare of clients43%10%7,2%20 22 24 25 2633 3132 303653 5356 5562Q411 Q112 Q212 Q312 Q412Term Deposits Current Accounts RUB bln58%42%* under RASCorporate businessCorporate lending – focus remains on SMEs……with 70% of loans less than RUB 0,75 blnissued to 98% of clientsCorporate funding... …mostly nominated in RUB
  • 16. 165,4%15,0%22,0%28,9%15,3%13,4%up to 30days31-90days91-180days181 - 365days1 - 2 years > 2 yearsCorporate portfolio25027 24 19499544812Loan amountCollateral value110,3 112,5 114,1 116,6 115,214,0 14,1 14,1 14,9 14,5124,3126,6 128,2 131,4 129,701.01.13 01.02.13 01.03.13 01.04.13 01.05.1311.2%RUB blnFX loansRUB loansRealEstateGovernmentguaranteesEquipment& VehicleGuaranteesOthercollateral&blankRUB bln71%*Guarantees are not taken into account*as of December 31, 2012*as of December 31, 2012…maintaining industry diversification…in the same currency as SMEs revenues…Conservative risk profileCredit policy sticks to reliable collateral… ….providing mostly working capital…Average LTV:59%*34%1%29%1%8%8%7%7% 5%ConstructionManufacturingAgricultureWholesale &retail tradeAdministrationsOtherTransportReal estateRUB123,515mln*as of December 31, 2012
  • 17. 176,3 6,4 7,2 8,0 8,10,4 0,4 0,4 0,4 0,42,2 2,2 2,1 2,1 2,115,4 17,018,520,8 22,324,425,928,331,432,8Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Retail lending – promising segment25,2 13,4 25,6 26,3 27,40,4 0,4 0,7 0,40,425,6 25,6 26,0 26,7 27,701.01.13 01.02.13 01.03.13 01.04.13 01.05.1351015202501.04.10 01.10.10 01.04.11 01.10.11 01.04.12 01.10.12 01.04.13Consumer loans, RUBMortgages, RUBCredit cards, RUB0,0% 1,7% 0,7% 2,0%14,2%81,4%up to 30 days 31-90 days 91-180 days 181 - 365 days 1 - 2 years > 2 yearsRetail portfolio1.3%RUB blnConsumer loansMortgages Credit cardsCar loansRUB blnFX loans RUB loansHigh-margin consumer loans tocustomers with apparent cash-flow –management of corporateclientsPrimarily mortgages under state-related agency JSC “AHML” standardsWe plan to further expand retail portfolio, which was animportant growth driver in the recent yearsParticular focus is on mortgages as the most perspectivesegment*as of December 31, 2012Retail loans maturityRetail loan book changes (IFRS)Rates for retail loansCurrency breakdown (RAS)
  • 18. 18Card business – reliable source of non-interest incomeQ2 2012 Q3 2012 Q4 2012 Q1 2013Payrolls 12,800 13,500 14,000 14,200Debit cards 1,341,684 1,360,845 1,381,959 1,360,308Creditcards45,671 45,471 46,646 48,297ATMs 811 812 819 838CorporateclientsRetailclients- Payrolls- Acquiring- Self-servicetransactions- Credit cards70%18%82%InterestFees &commissions- Payrolls is the main tool for client base growth withstrong potential – 61,400 of existing corporate clients and17,000 installed “client-bank” systems- Offering cards only to existing corporate clients: creditcards for owners, top and mid-level managers andspecialists, debit cards for personnel- Pushing cross-sales between retail and corporate32%22%19%15%12%1acquiringself-servicecash operationsVisa and MastercardpayrollsKey points…developing key card product - payrolls…Generates strong fee incomeBusiness strategy…
  • 19. 19Risk management
  • 20. 20Risk management11,9% 11,8% 11,6%12,1% 12,3%13,8% 13,4% 13,2%14,2%14,9%11,9%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 28.02.13Tier 1 Tier 1 + Tier 2CAR (N1)under CBR rules11%MINCapital position enhanced by subordinationFX structureMaturity gap up to 5% of the balanceInterest rate risk12,5%Including RUB 1bln of subord3rd tranche01020304050607080Demand and lessthan 1 monthFrom 1 to 6monthsFrom 6 to 12monthsMore than 1 yearAssetsLiabilitiesRUB bln01020304050607080Demand and lessthan 1 monthFrom 1 to 6monthsFrom 6 to 12monthsMore than 1 yearInterest-earning assetsInterest-bearing liabilitiesRUB bln82%1420118%AssetsLoansDue from banks&Securities&CashOther assets81%284319%LiabilitiesDepositsDue to banks&SecuritiesOther liabilitiesRoublesFXRoublesFXRUB bln
  • 21. 211 980 3 400 3 400 5 445 5 4458,7%8,9% 10,1% 12,2%11,9%4,9%8,3% 8,0%13,2%12,2%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Large corporatesNPLs, RUB mln Provisions, % of total portfolio NPLs, % of total portfolio827 827 777 965 8924,4%4,3%3,6% 3,5% 3,5%3,4% 3,2% 2,7%3,1% 2,7%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Retail7 769 8 263 8 120 7 841 7 76511,5% 11,1%10,4% 10,5% 10,5%10,7% 10,8%10,0%9,9% 9,8%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012SMEsCredit quality management15* NPL includes the whole principal of loans at least one day overdue either onprincipal or interest as well as not overdue loans with signs of impairment1,17%2,86%2,24%1,02%1,92%1,83%2,06%1,65%1,02%1,77%Q4 2012Q3 2012Q2 2012Q1 2012Q4 2011Charges to provisions to avggross loans, QoQCharges to provisions to avggross loans, YtD+ Rub 275 mln new NPLs- Rub 351 mln recoveries+ Rub 111 mln new NPLs- Rub 184 mln recoveries10 576 12 490 12 297 14 251 14 1029,44% 9,25% 9,09% 9,52% 9,40%7,70%8,68%8,08%9,41%9,02%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012NPLs, RUB mlnProvisions, % of total portfolioNPLs, % of total portfolio*No changesNPLs categorization: absolute improvement in SME and retailAnnualized cost of riskNPLs dynamics
  • 22. 22Credit qualityas of 31.12.2012LargecorporatesSMEs Mortgages OtherretailTotalGross loans, including 44 587 78 928 22 302 10 548 156 365Current loans 87,8% 90,2% 98,3% 95,2% 91,0%Past-due but not impaired, ofthem - 0,2% 1,1% 0,8% 0,3%Less than 90 days - 0,2% 0,2% 0,7% 0,2%Over 90 days - - 0,9% 0,1% 0,1%Impaired, of them 12,2% 9,7% 0,6% 4,0% 8,7%Less than 90 days - 0,1% - 0,3% 0,1%Over 90 days 12,2% 9,6% 0,6% 3,6% 8,7%Total NPLs 12,2% 9,8% 1,7% 4,8% 9,0%Provisions -11,9% -10,5% -2,7% -5,2% -9,4%Net Loans 39 296 70 671 21 691 10 004 141 662Provisionsto NPLsRatioNPL -104%RescheduledLoans5.6%the whole amount of loans with principal overdue for more than 1 day aswell as loans with any delay in interest payments.Provisionsto 90 days+NPLs107%RUB mln
  • 23. 23Recent IFRS results
  • 24. 24Financial highlightsFY’12 FY’11 Q4’12 Q3’12Interest income 16 611 13 959 4 461 4 263Interest expense (7 553) (6 503) (2 067) (2 010)Fee and commission income 5 503 5 232 1 474 1 424Fee and commission expense (442) (410) (150) (104)Other operating income 674 611 25 302Total operating income b.p. 14 793 12 889 3 743 3 875Operating expenses (8 652) (8 353) (2 421) (2 051)Provisions (2 722) (2 304) (451) (1 083)Provisions on non-core assets (449) (216) (133) (2)Tax (639) (422) (194) (156)Net profit 2 331 1 594 544 583
  • 25. 25-6,5 -7,614,016,62011 2012Interest IncomeInterest Expenses+4.6%Revenues from core business-1,6 -1,9 -2,0 -2,13,8 4,1 4,3 4,5Q1 2012 Q2 2012 Q3 2012 Q4 20122,1 2,3 2,3 2,41,11,3 1,3 1,30,10,2 0,3 0,03Q1 2012 Q2 2012 Q3 2012 Q4 2012…driven mostly by interest incomeOperating income up…Net fee income breakdown Segment structure of core revenues414326 377 391 408337256304 300 301253219250 265 224364325360 364 3911 3681 1261 291 1 320 1 324Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Settlements Cash transactions Other Cards RUB mln+0.3%-3.2%71%21%3%5%CardsOther CorporatebusinessRetail businessCardsOtherCorporatebusinessRetail businessInterest income Non-interest income7,59,14,85,10,60,72011 2012Other income Net feesNet interest income+14.8%52%16%27%5%RUB bln RUB bln
  • 26. 265,7% 6,3%7,2% 7,6%6,7%5,1% 5,3% 5,8% 6,1% 6,4%0,2% 0,1% 0,1% 0,1% 0,1%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Corporate term depositsRetail term depositsCurrent accountsNIM gains on repricing of loans and depositsLoan yields surged forward… …outpacing cost of depositsNIM decompositionSpread dynamics10,3% 10,3% 10,8% 10,9% 11,3%15,7%14,8% 14,9% 14,9% 15,4%3,4%5,3%6,1% 5,3% 6,4%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Yields on corporate loansYields on retail loansYields on securities7,1% 6,9% 6,7% 6,7% 7,1%10,7% 10,9% 11,2% 11,4% 11,7%3,7% 4,0% 4,4%4,7% 4,6%Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012Interest SpreadYield on earning assets (net)Cost of funds4,3%4,7%2011 2012+0,44%-0,10% -0,05% -0,18%Loans Deposits Other Base effect4,68% 4,80% 4,64% 4,74%Q1 2012 Q2 2012 Q3 2012 Q4 2012+46 bps
  • 27. 271 352 1 258 1 260 1 236 1 357193145 191 155209440300 351 335397420339 336 325458Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012OtherRent & Costs related to premises and equipmentAdministrative expensesPersonnel expensesCost efficiency in focusRUB mln+18%+0.7%Staff expenses compositionOperating efficiency dynamics CIR on way to improvementOperating expenses breakdown48,7%72,5%64,8%58,5%50,0%2009 2010 2011 2012-2,4-2,0-2,1 -2,1 -2,43,8 3,4 3,8 3,9 3,764,0%60,0%56,7%52,9%64,7%0,0%10,0%20,0%30,0%40,0%50,0%60,0%70,0%Q411 Q112 Q212 Q312 Q412-3,0-2,0-1,00,01,02,03,04,05,06,07,0Operating expensesOperating income before provisionsCost/IncomeMid-termtargetRUB bln37%22%38% 37% 40%13% 51%49% 54% 50%50%27%14% 9% 10%TopmanagementTopmanagementin branchesOperationalmanagementManagers Specialistsand serviceSalary Benefits Bonuses
  • 28. 28-2,3 -2,74,56,1Operating profit before provisions and taxesProvisions-0,4 -0,8-1,1-0,51,4 1,6 1,81,3Q112 Q212 Q312 Q412Solid earnings generation capacity2011 201223,3%7,8%3,5%9,1%11,9%2008 2009 2010 2011 20122,45%0,88%0,38%0,91%1,21%2008 2009 2010 2011 2012Net profit developmentOperating profitROA, %ROE, %1,62,3 0,50,70,6 0,5Q112 Q212 Q312 Q4122011 2012+35% +46%RUB blnRUB bln
  • 29. 29Capital structure
  • 30. 3032% 30%38%SHAREHOLDER STAKE IN EQUITYDmitry L. Orlov (Chairman of the Board of Directors) 32.03%Otar L. Margania (Member of the Board of Directors) 19.67%JPM International Consumer Holding Inc. 9.88%Total 61.58%As per MICEX dataH1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012MICEX 762,594 744,081 551,544 892,502 1,966,722 535,131RTS 220,714 186,333 65,303 82,098 50,437 30,230German stockexchanges (ADR)33,358 24,054 13,444 3,255 3,685 7,300Sub-total (stockexchanges)1,016,666 954,468 630,291 977,855 2,020,844 572,661OTC 903,256 1,109,859 1,080,856 2,141,597 873,225 1,421,277Total 1,919,922 2,064,327 1,711,147 3,119,452 2,894,069 1,993,938Chairman OthersStructure as of 11.05.2012More than 8,000individuals and 1,000companies are amongour shareholders withprofessional investorsowning more than38%*Volume growth associated with strategic dealsCapital structureShare price on MICEXShareholding structureVolumes of trading (shares)Major shareholders020040060080011010010001000002.05.12 02.08.12 02.11.12 02.02.13 02.05.13RoublesSharesVolume Last price
  • 31. 31V.Bank wasawarded asthe Bank of theYear in Russiain 2010AndreyShalimovwasawarded forthe Best IRin 2012CHAIRMAN OF THEMANAGEMENT BOARDMr. Alexander DolgopolovGENERALMEETING OFSHAREHOLDERSBOARD OF DIRECTORS12 members9 are non-executive6 independentSystem of control- Timely information provision to investors- Full disclosure on web-site- Quarterly IFRS financial reporting with web-castpresentations- Financial reports under IFRS audited from 1991- Solid and professional teamThe mostshareholdertransparent bankin Russia – 2006,2007, 2008Dmitry Orlov is includedin top10 of the best bank’smanagers 2009HR andCompensationCommitteeContinuing excellent reputation recognition:AUDITORPricewaterhouseCoopersAudit commissionAudit committeeInternal Controland Audit ServiceRisk ManagementMANAGEMENT STRUCTUREMANAGEMENT BOARD13 members5 Deputy ChairmenThe arrows represent the authorities to appointor elect the relevant Bank’s bodies and theExternal AuditorHigh level of corporate governanceV.Bank hasthe BestCorporateGovernance inRussia, 2013
  • 32. 32More than 20 years in Top-30 Russian banks amidchanging competition landscapeSuccessfully passed through recent crises (1993-94,1998, 2004, 2008)Business model generating solid fees & commissions(40% of revenue)Organic growth in core regions and client segmentsFocus on operating efficiencyOne of the most transparent FI in Russia – BestCorporate Governance by World Finance in 2013,leaders of Information Transparency to Shareholdersby S&P in 2008, 2007, 2006Management Board (13 members) with long-termbanking experience, the Board of Directors headed byChairman with 40 years in Soviet and Russianbanking systemsPositive track-record of communication with investorsLoyal clientele due to strong relationships with thecustomers60% of client base is concentrated in fast growingMoscow OblastCorporate business focused on high-profitableSME, retail one – on mortgagesBroad product line based on advanced IT-solutionsS O U N D S T R A T E G Y B U S I N E S S S T R E N G T H SC U R R E N T C H AL L E N G E SH I G H S T AN D A R D S Ongoing pressure on lending rates driven by state banks Limited demand from key client sector – SME Still high potential credit riskFinancial markets turbulenceThreat of global economy slowdownStill high potential credit riskInvestment Summary
  • 33. 33+7 495 620 90 71investor@voz.ruhttp://www.vbank.ru/en/investorsFollow us on Twitter:www.twitter.com/vbank_IRInvestor Relations contactsYulia Vinogradova, Advisor to the ChairmanYu.Vinogradova@voz.ruElena Mironova, Deputy head of IRE.Mironova@voz.ruMaria Gorbunova, IR specialistM.Gorbunova@voz.ruDownload presentation:Download contacts:
  • 34. 34Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financialperformance of Bank Vozrozhdenie (the Bank). Such forward-looking statements are based on numerous assumptions regarding the Bank’s present andfuture business strategies and the environment in which the Bank will operate in the future.The Bank cautions you that these statements are not guarantees of future performance and involve risks, uncertainties and other important factors that wecannot predict with certainty. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecasted in theforward-looking statements. These forward-looking statements speak only as at the date of this presentation and are subject to change without notice. Wedo not intend to update these statements to make them conform with actual results.The Bank is not responsible for statements and forward-looking statements including the following information:- assessment of the Bank’s future operating and financial results as well as forecasts of the present value of future cash flows and related factors;- economic outlook and industry trends;- the Bank’s anticipated capital expenditures and plans relating to expansion of the Bank’s network and development of the new services;- the Bank’s expectations as to its position on the financial market and plans on development of the market segments within which the Bank operates;- the Bank’s expectations as to regulatory changes and assessment of impact of regulatory initiatives on the Bank’s activity.Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from thoseexpressed or implied by these forward-looking statements. These risks, uncertainties and other factors include:- risks relating to changes in political, economic and social conditions in Russia as well as changes in global economic conditions;- risks related to Russian legislation, regulation and taxation;- risks relating to the Bank’s activity, including the achievement of the anticipated results, levels of profitability and growth, ability to create and meetdemand for the Bank’s services including their promotion, and the ability of the Bank to remain competitive.Many of these factors are beyond the Bank’s ability to control and predict. Given these and other uncertainties the Bank cautions not to place unduereliance on any of the forward-looking statements contained herein or otherwise.The Bank does not undertake any obligations to release publicly any revisions to these forward-looking statements to reflect events or circumstances afterthe date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.Disclaimer

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