News

reaffirming the reputation of an active participant in the mortgage market, Absolut Bank increased the term loan under its own mortgage program from 10 to 15 years.

Increase in timing is the result of consistent policy of the Bank to the maximum responsiveness to customers' needs.

«Providing quality banking services to private clients from middle-and high-income countries is one of the most important activities of Absolut Bank. We are confident that the increase in the length of the loan best meets the needs of our borrowers, », - noted the Director of the Department of the Bank's lending Oleg Dmitrienko.

Absolut Bank develops its own mortgage program in December 2003.

On 1 November 2004 the volume of loans granted to individuals under the Bank's mortgage was 10.5 million U.S. dollars.

Optimal conditions for the loan, fast and flexible approach to review applications, provide a high level of interest of customers to the Bank's mortgage loans.

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).

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) 995-10-01

Fax: (095) 433-77-50

g . istratova @ absolutbank . ru