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As part of the Trade Facilitation Program The European Bank for Reconstruction and Development has increased the amount of guarantees Absolut Bank for 15 million U.S. dollars.

The total amount of guarantees of the Bank for foreign trade activities of Absolut Bank's customers will be U.S. $ 20 million.

«Absolut Bank Expanding cooperation with the European Bank for Reconstruction and Development in the Trade Facilitation Program is a testament to the high level of financial stability and a natural result of activity of the bank on Russian and international financial markets.» - said the Vice-President, Head of International Business, Anatoly Maksakov.

confirm the high reputation of Absolut Bank in Russia and the international business community is the availability of the bank's direct credit lines from international financial institutions and export credit agencies totaling more than 150 million U.S. dollars.

financial and business performance of Absolut Bank in 2004 show a sustained upward trend in core business areas of the bank as a result of a consistent policy management and a balanced approach to risk assessment and development prospects. Since early 2004, the Bank financed foreign trade transactions totaling more than 158 million U.S. dollars, issued mortgages and Lombard loans totaling more than 10 million U.S. dollars.

Help Editor:

Absolut Bank is a private Russian bank

Bank was founded in 1993 and has a general license CBR number 2306.

main focus of Absolut Bank is financing and banking services to Russian commercial companies and private individuals.

Absolut Bank has ratings International rating agency Fitch Ratings: long-«B-», short-term «B», the forecast of long-term rating - a stable, individual rating «D», rating support «5», National BB + (rus).

Absolut Bank became a party to Trade Facilitation Program of European Bank for Reconstruction and Development in early 2004.

According to the magazine «Profile» July 1, 2004, the Bank took a 7 on the reliability rating of major Russian banks.

Press Service Bank «Absolut Bank» (JSC)

(095) 935-50-01

Fax: (095) 777-71-60

g . istratova @ absolutbank . ru