Bank Vozrozhdenie Steady growth despite economy deceleration

Investor presentationApril 2013

2

This page is intentionally left blank

3

Agenda

Business model

Business overview

Recent IFRS results

Investment summary

4

Over 20 years of successful development

1991-1992 1993-1995

Establishment and banking license

34 branches in the Moscow Oblast

1996-1998 2003-20041999-2002 2005-2006 2007-2008 2009-2010 2011-2012

9 new regional branches opened

Cash collection and delivery services established

Corr. accounts with western banks

License for foreign exchange

Associate member of VISA International

Authorized Bank of the Russian Government

Joined S.W.I.F.T.

Joined the World Bank development program

Cooperation with CIBC

S&P rating

Rated by the Central Bank as a stable bank after the financial Crisis

CIBC becomes a shareholder

The 3rd largest branch network

Top 10 by deposits from individuals

Top 3 in the State Mortgage Program

Top 7 mortgage provider

Best mid-cap Russian bank (Big Money)

$ 177 mln raised by 20th issue

3rd by lending to SME

$81 mln EBRD financing

Top 10 by bank cards issued

Best SME bank in Moscow Oblast

Top 10 retail banks in Russia

First MBS deal on Rub 4,1 bln

Bank’s ADRs traded on the Frankfurt Stock Exchange

Established ATM network and a processing center

Top 20 by corporate loan portfolio

Widest ATM network in the Moscow Oblast

Over 100,000 VISA cards issued

17th equity issue raises $33 million

Joined Deposit Insurance Program

Overall rebranding

CRM system development

The most transparent bank in Russia (S&P)

Top 500 world’s banking brands

Best bank IR and best IR professional (Thomson Reuters )

Bank of the Year in Russia in 2010 (The Banker)

Over 1,550,000 clients

Best public company (Secret Firmy Magazine)

Alexander Dolgopolov appointed as  the Chairman of the Management Board

V.Bank shares included in MICEX Index

2013

Best Corporate Governance, Russia (World Finance)

Best IR Management in Russia (Global Banking & Finance review)

5

Prudent risk-management policy

Balanced Lending and Funding policy

Servicing retail customers throughout their whole life-cycle

Servicing Corporate and SME Customers In Each Stage Of Business Development

Vozrozhdenie Bank strategy…

… 1 522 000 Retail Clients…

… 61 400 Corporate and SME Clients…

… 21 Region

… 148 Offices

… 838 ATMs

… 6 173 employees

Focus On Core Banking Products

…service…

…via…

Increasing efficiency in service delivery

Vozrozhdenie Bank - a Community Bank built on strong relationships with SMEs and individual customers

6

Moscow Oblast is a home territory with historically strong market position

21 region of presence. Focus on the most attractive South and North-West

Branches Sub branches Retail offices

34 42 14 90Total

As of 01.04.2013

526 ATMs – every town is under coverage

19 37 2 58

Total

312 ATMs

Retail officesBranches Sub branches

Distribution network

7

* RBC most recent rankings

Key Figures, RUB

Assets

Loans

Customer Funds

Net Income

Shareholders equity

Retail Clients

Corporate Clients

Personnel

Offices

ATMs

209,062 mln

141,662 mln

163,876 mln

2,331 mln

20,807 mln

1,522,000

61,400

6,173

148

838

Loans to SMEs 4

17

32/19

29

8

Volume of retail deposits

Branches/ATMs

Net Assets

Bank cards issued

Rankings*

Corporate loans 22

Mortgages 8

Basic information & position in Russian banking system

8

TNS loyalty surveyLoyalty index equals top 10% of major international banks 94% of our clients are ready to recommend us

Ba3/D-/NP, stable

BB-/ruAA-, stable

MICEX Financial Index

A2 MICEX

Moody’s

Standard&Poor’s

Included in indices

Listing

IPSOS survey 85% of respondents in our regions know us

BrandFinance Banking 500 surveyV.bank ranks among top-10 Russian most valuable banking brands with brand value of $190 million

The BankerV.Bank – “The Bank of the year 2010 in Russia” as per the survey of The Banker magazine

01/01/06 01/12/06 01/11/07 01/10/08 01/09/09 01/08/10 01/07/11 01/06/127

10

13

16

19

22

25

S&P international

BB-

Ba3Moody's

Moody's Interfax

Moody's

Aaa

Aa

A

Baa

Ba

B

Caa

S&P na-tional scale

S&P

ruAA-

AAA

AA

A

BBB

BB

B

CCC

Aa3.ru

Market recognition

Credit ratings Listing

High recognition of brand

World FinanceV.Bank has the “Best Corporate Governance, Russia”, according to World Finance survey

9

Business model

10

Personal bank for corporate and retail customers

Retail customers

Servicing throughout their whole life-cycle

Corporate clients

Servicing on each stage of business development

Focus on core banking products

Balanced Credit and Resource policies

Payrolls combine retail and corporate segments

Customer acquisition

Expansion of branches and ATMs network

Growth of individual depositors and borrowers number

Market strategy

11

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

59% 63% 60% 58% 64%

41%37%

40% 42% 36%

Non-interest income Net interest income

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

113 91 98 120 124

24 2628 31 33

137

Retail loans

Corporate loans

- Customer oriented organic growth

- Conservative balance sheet

- Primarily deposit funded

- Focused network expansion

- Increasing efficiency in service delivery

Note: all loans are gross loans

RUB bln

RUB bln

21%

79%

RUB bln

35%

65%

Business modelBusiness based on relationships… … gives stable non-interest income

Loan portfolio development… … funded by customer accounts

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

92 94 101 103 107

53 40 51 48 57

Interest-bearing Deposits

Interest-free Current accounts

12

Assets and liabilities

RUB bln

RUB bln

Q4'11 Q1'12 Q2'12 Q3'12 Q4'1210 10 10 10 10

101 106 111 107 110

23 25 27 30 329 14 12 12 81.0 0.4 0.4 0.4 5.840 29 34 35 43

184 183194 195

209

Cash and equivalents

Due from banks

Securities

Retail loans

Corporate loans

Other assets

…Reliable assets structure

…Loan book growth

…supported by customer-based funding

…with retail outperforming

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 201218 19 20 20 21

4 4 4 5 68 7 7 8 87 8 8 8 720 22 24 25 2633 31 32 30 3620 18 19 18 2172 72 77 78

81

184 183194 195

209

Retail deposits

Retail accounts

Corp. accounts

Corp. deposits

Securities issued

Due to other banks

Other liabilities

Subordinated loans

Equity

RUB bln

Q4'12Q3'12Q2'12Q1'12Q4'11

7777787470

22333

4541434140

3331282624

SME Administrations Large corporates Individuals

3,2%+

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

15.4 17.0 18.520.8 22.3

6.86.8

7.68.4 8.52.2

2.2

Mortgages Consumer and auto loans Credit cards

,13+8% +348,%4,7%+

RUB bln

13

Geographical diversificationCorporate loans

Corporate deposits

Retail deposits (without debit card accounts)

Retail loans

15%

37%

21%

13%

14%

Moscow Oblast

Moscow Other regions

RUB123,515

mln

South regions

North-West regions

26%

34%8%

28%

4%

Moscow Oblast

MoscowOther regions

RUB25,896

mln

South regions

North-West regions

24%

56%

10%

6%

4%

Moscow Oblast

Moscow

Other regionsRUB

81,014mln

South regions

North-West regions

29%

48%

9%3%

11%

Moscow Oblast

Moscow

Other regionsRUB

32,850mln

South regions

North-West regions

14

Segment Total credit exposure, RUB mln

Large business > 750

Medium-size and small businesses 30 - 750

Micro businesses 6 - 30

Food processing – factories manufacturing different types of high-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 beauty products and medicines.

Food retailers– small chains of handy stores “Close-to-House” style for daily shopping located in dormitory area with high density of population.

Who are SMEs?What is our SME Definitions

15

14% 15%

43%

10%

32%

2%

6,9%

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

20 22 24 25 26

33 31 32 3036

53 5356 55

62Term Deposits Current Accounts

Q4'11 Q1'12 Q2'12 Q3'12 Q4'123 3 3

22

70 74 78 77 77

40 41 43 41 45

113118 124 120 124

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

13%

73%

up to 30 mln 30-100 mln 100-750 mln more than 750 mln

RUB blnLarge corporations SMEs Other

RUB bln

58%

42%

* as of December 31, 2012

01/12/12 01/01/13 01/02/13 01/03/13 01/04/13

50.9 61.7 61.2 61.1 59.6

5.54.5 4.5 5.0 4.4

56.466.2 65.8 66.0 64.0

RUR FX

36%

63%

1%

* under RAS

Corporate business Corporate lending – focus remains on SMEs… …with 68% of loans less than RUB 0,75 bln

Corporate funding... …mostly nominated in RUB

Share of portfolioShare of clients

16

up to 30 days

31-90 days

91-180 days

181 - 365 days

1 - 2 years > 2 years

5.4%

15.0%

22.0%

28.9%

15.3% 13.4%

Corporate portfolio

2,458,068

50,337,843

27,075,861

23,970,773

19,442,091

3,514,807

99,400,433

53,506,392 47,941,54

6

12,061,205

Loan amount

Collateral value

01/12/12 01/01/13 01/02/13 01/03/13 01/04/13

110.3 110.3 112.5 114.1 116.6

14.0 14.0 14.1 14.1 14.9

124.3 124.3 126.6 128.2 131.4

11.3%

RUB blnFX loansRUB loans

Real Estate

Government guarantees

Equipment & Vehicle

GuaranteesOther

collateral& blank

RUB bln

71%

- Average LTV of the portfolio is 59%* mostly collateralized by solid real-estate, equipment and vehicles (63% of total loans). Revision of collateral value is conducted on a quarterly basis.

- We provide our clients with working capital rather than long-term financing – 71% of corporate loans with maturity less then 1 year. It allows us to react on changing market conditions.

- Matching in terms of the loan currency and the client revenues is a core point. FX loans are issued only to customers related to export-import transactions.

*Guarantees are not taken into account

*as of December 31, 2012 *as of December 31, 2012

Key points…in the same currency as SMEs revenues

Conservative risk profileCredit policy sticks to reliable collateral… ….providing mostly working capital…

17

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

6.3 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 17.0 18.5 20.8 22.3

24.425.9

28.331.4

32.8

Retail lending – promising segment

01/12/12 01/01/13 01/02/13 01/03/13 01/04/13

29.1 13,4 25.2 25.6 26.3

0.40.4 0,7 0.4 0.4

29.525.6 25.6 26.0

26.7

01/04/10 01/10/10 01/04/11 01/10/11 01/04/12 01/10/12 01/04/135

10

15

20

25Consumer loans, RUB

Mortgages, RUB

Credit cards, RUB

up to 30 days 31-90 days 91-180 days 181 - 365 days

1 - 2 years > 2 years

0.0% 1.7% 0.7% 2.0%

14.2%

81.4%

Retail portfolio

1.4%

RUB blnConsumer loansMortgages Credit cards

Car loans

RUB bln

FX loans RUB loans

High-margin consumer loans to customers with apparent cash-flow –management of corporate clients

Primarily mortgages under state-related agency JSC “AHML” standards

We plan to further expand retail portfolio, which demonstrated stable growth driven by strong demand.

Particular focus is on mortgages as the most perspective segment with government support

*as of December 31, 2012

Retail loans maturityRetail loan book changes (IFRS)

Rates for retail loans Currency breakdown (RAS)

18

Card business – reliable source of non-interest income

Q2 2012 Q3 2012 Q4 2012 Q1 2013

Payrolls 12,800 13,500 14,000 14,200

Debit cards 1,341,684 1,360,845 1,381,959 1,360,308

Credit cards

45,671 45,471 46,646 48,297

ATMs 811 812 819 838

Corporate clients

Retail clients

- Payrolls

- Acquiring

- Self-service transactions

- Credit cards

70%18%

82%

Interest

Fees & commissions

- Payrolls is the main tool for client base growth with strong potential – 61,400 of existing corporate clients and 17,000 installed “client-bank” systems

- Offering cards only to existing corporate clients: credit cards for owners, top and mid-level managers and specialists, debit cards for personnel

- Pushing cross-sales between retail and corporate

1

32%

22%

19%

15%

12% acquiring

self-service

cash operations

Visa and Mastercard

payrolls

Key points…developing key card product - payrolls

…Generates strong fee incomeBusiness strategy…

19

Risk management

20

Risk management

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 28.02.13

11.9% 11.8% 11.6% 12.1% 12.3%

13.8% 13.4% 13.2%14.2%

14,9%

11.9%

Tier 1 Tier 1 + Tier 2

CAR (N1)under CBR rules

11%MIN

Capital position enhanced by subordination

FX structure

Maturity gap up to 5% of the balance

Interest rate risk

12,5%

Including RUB 1 bln of subord3rd tranche

Demand and less than 1 month

From 1 to 6 months

From 6 to 12 months

More than 1 year

0

10

20

30

40

50

60

70

80

AssetsLiabilities

RUB bln

Demand and less than 1 month

From 1 to 6 months

From 6 to 12 months

More than 1 year

0

10

20

30

40

50

60

70

80Interest-earning assetsInterest-bearing liabilities

RUB bln

82%

1420 1

Assets

Loans

Due from banks&Securities&Cash

81%

2843

Liabilities

DepositsDue to banks&SecuritiesOther liabilities

Roubles

FX

Roubles

FX

RUB bln

21

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 20121,980 3,400 3,400 5,445 5,445

8.7%8.9% 10.1% 12.2% 11.9%

4.9%8.3% 8.0%

13.2%12.2%

Large corporates

NPLs, RUB mln Provisions, % of total portfolioNPLs, % of total portfolio

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

827 827 777 965 892

4.4%4.3%

3.6% 3.5% 3.5%

3.4% 3.2% 2.7%3.1% 2.7%

Retail

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 20127,769 8,263 8,120 7,841 7,765

11.5% 11.1%10.4% 10.5% 10.5%

10.7% 10.8%

10.0%9.9% 9.8%

SMEs

Credit quality management

15

* NPL includes the whole principal of loans at least one day overdue either on principal or interest as well as not overdue loans with signs of impairment

Q4 2012Q3 2012 Q2 2012Q1 2012Q4 2011

1.17%

2.86%

2.24%

1.02%

1.92%1.83%

2.06%1.65%

1.02%1.77%

Charges to provisions to avg gross loans, QoQCharges to provisions to avg gross loans, YtD

+ Rub 275 mln new NPLs- Rub 351 mln recoveries

+ Rub 111 mln new NPLs- Rub 184 mln recoveries

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

10,576 12,490 12,297 14,251 14,102

9.44% 9.25% 9.09% 9.52% 9.40%

7.70%

8.68%

8.08%

9.41%9.02%

NPLs, RUB mlnProvisions, % of total portfo-lio

*

No changes

NPLs categorization: absolute improvement in SME and retail

Annualized cost of riskNPLs dynamics

22

Credit qualityas of 31.12.2012

Large corporates

SMEs Mortgages Other retail

Total

Gross loans, including 44 587 78 928 22 302 10 548 156 365

Current loans 87,8% 90,2% 98,3% 95,2% 91,0%

Past-due but not impaired, of them - 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 10 004 141 662

Provisions to NPLs Ratio

NPL -

104%

Rescheduled Loans

5.6%

the whole amount of loans with principal overdue for more than 1 day as well as loans with any delay in interest payments.

Provisions to 90 days+

NPLs

107%

RUB mln

23

Recent IFRS results

24

Financial highlights

FY’12 FY’11 Q4’12 Q3’12

Interest income 16 611 13 959 4 461 4 263

Interest expense (7 553) (6 503) (2 067) (2 010)

Fee and commission income 5 503 5 232 1 474 1 424

Fee and commission expense (442) (410) (150) (104)

Other operating income 674 611 25 302

Total operating income b.p. 14 793 12 889 3 743 3 875

Operating 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

2011 2012

-6,503.0 -7,553.0

13,959.016,611.0

Interest ExpensesInterest Income

+4.6%

Revenues from core business

Q1 2012 Q2 2012 Q3 2012 Q4 2012

-1,620.0 -1,856.0 -2,010.0 -2,067.0

3,769.0 4,118.0 4,263.0 4,461.0

Q1 2012 Q2 2012 Q3 2012 Q4 2012

2,149.0 2,262.0 2,253.0 2,394.0

1,126.01,291.0 1,320.0 1,324.0

127.0220.0 302.0 0,03

…driven mostly by interest incomeOperating income up…

Net fee income breakdown Segment structure of core revenues

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

414326 377 391 408

337256

304 300 301

253

219250 265 224

364

325360 364 391

1,368

1,1261,291 1,320 1,324

Settlements Cash transactions Other Cards RUB mln

+0.3%-3.2%

71%

21%

3%5%

Cards

Other Corporate business

Retail business

Cards

Other

Corporate business

Retail business

Interest income Non-interest income

2011 2012

7,456.09,058.0

4,822.0

5,061.0

611.0

674.0

Net interest income Net feesOther income

+14.8%

52%

16%

27%

5%

RUB bln RUB bln

26

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

5.7% 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%

Corporate term depositsRetail term depositsCurrent accounts

NIM gains on repricing of loans and depositsLoan yields surged forward… …outpacing cost of deposits

NIM decompositionSpread dynamics

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

10.3% 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%

Yields on corporate loansYields on retail loans

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

7.1% 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%

Interest SpreadYield on earning assets (net)Cost of funds

2011 2012

4.3%

4.7%

Loans Deposits Other Base effect

+0,44%

-0,10%

-0,05%

-0,18%

Q1 2012 Q2 2012 Q3 2012 Q4 2012

4.68% 4.80% 4.64% 4.74%

+46 bps

27

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

1,352 1,258 1,260 1,236 1,357

193 145 191 155209

440300 351 335

397

420339 336 325

458

Personnel expensesAdministrative expensesRent & Costs related to premises and equipmentOther

Cost efficiency in focus

RUB mln

+18%+0.7%

Staff expenses composition

Operating efficiency dynamics CIR on way to improvement

Operating expenses breakdown

2009 2010 2011 2012

48.7%

72.5%

64.8%

58.5%

50.0%

37%22%

38% 37% 40%

13% 51%49% 54% 50%

50%27%

14% 9% 10%

Salary Benefits Bonuses

Q4'11 Q1'12 Q2'12 Q3'12 Q4'12

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

-2.4-2.0

-2.1 -2.1 -2.4

3.8 3.4 3.8 3.9 3.7

64.0%60.0%

56.7%52.9%

64.7%

Operating expensesOperating income before provisionsCost/Income

Mid-term target

RUB bln

28

-2,304.0 -2,722.0

4,536.06,141.0

Operating profit before provisions and taxesProvisions

Q1'12 Q2'12 Q3'12 Q4'12

-358.0 -830.0-1,083.0

-451.0

1,360.01,635.01,824.0

1,322.0

Solid earnings generation capacity

2011 2012

2008 2009 2010 2011 2012

23.3%

7.8%

3.5%

9.1%

11.9%

2008 2009 2010 2011 2012

2.45%

0.88%

0.38%

0.91%1.21%

Net profit developmentOperating profit

ROA, %ROE, %

1,594.0

2,331.0

Q1'12 Q2'12 Q3'12 Q4'12

526.0678.0

583.0 544.0

2011 2012

+35% +46%RUB blnRUB bln

29

Capital structure

30

32% 30%

38%

SHAREHOLDER STAKE IN EQUITY

Dmitry 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 data

H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012

MICEX 762,594 744,081 551,544 892,502 1,966,722 535,131

RTS 220,714 186,333 65,303 82,098 50,437 30,230

German stock exchanges (ADR)

33,358 24,054 13,444 3,255 3,685 7,300

Sub-total (stock exchanges)

1,016,666 954,468 630,291 977,855 2,020,844 572,661

OTC 903,256 1,109,859 1,080,856 2,141,597 873,225 1,421,277

Total 1,919,922 2,064,327 1,711,147 3,119,452 2,894,069 1,993,938

Chairman

Others

Structure as of 11.05.2012

More than 8,000 individuals and 1,000 companies are among our shareholders with professional investors owning more than 38%

*Volume growth associated with strategic deals

Capital structure

Share price on MICEXShareholding structure

Volumes of trading (shares)Major shareholders

1/1/12 1/3/12 1/5/12 1/7/12 1/9/12 1/11/12 1/1/13100

1,000

10,000

100,000

0

360

720

1,080

1,440

1,800

Volume Last price

Shares Roubles

31

V.Bank was awarded as the Bank of the Year in Russia in 2010

Andrey Shalimov

was awarded for the Best IR

in 2012

CHAIRMAN OF THE MANAGEMENT BOARD

Mr. Alexander Dolgopolov

GENERAL MEETING OF

SHAREHOLDERS

BOARD OF DIRECTORS

12 members

9 are non-executive 6 independent

System of control

- Timely information provision to investors

- Full disclosure on web-site

- Quarterly IFRS financial reporting with web-cast presentations

- Financial reports under IFRS audited from 1991

- Solid and professional team

The most shareholder transparent bank

in Russia – 2006, 2007, 2008

Dmitry Orlov is included in top10 of the best bank’s

managers 2009

HR and Compensation

Committee

Continuing excellent reputation recognition:

AUDITORPricewaterhouseCoopers

Audit commission

Audit committee

Internal Control and Audit Service

Risk Management

MANAGEMENT STRUCTURE

MANAGEMENT BOARD13 members

5 Deputy Chairmen

The arrows represent the authorities to appoint or elect the relevant Bank’s bodies and the External Auditor

High level of corporate governance

V.Bank has the Best Corporate Governance in Russia, 2013

32

Successfully passed through recent crises (1993-94,1998, 2004, 2008)

Business model generating solid fees & commissions (40% of revenue)

20 years of organic growth focused on core regions and clients

One of the most transparent FI in Russia - №1 in Information Transparency to Shareholders by S&P 2007, 2006

Management Board (13 members) totally has more than 200 years of banking experience leading by Chairman with 40 years in Soviet and Russian banking systems

Moody’s Ba3 (Stable) confirmed in Nov’10, S&P sticks to BB- (Stable) upgraded in Sept’11

Positive track-record of communication with investors

Loyal clientele due to strong relationships with the customers

60% of client base is concentrated in fast growing Moscow Oblast

Corporate business focused on high-profitable SME, retail one – on mortgages

Broad product line based on advanced IT-solutions

S O U N D S T R AT E G Y B U S I N E S S S T R E N G T H S

C U R R E N T C H A L L E N G E SH I G H S TA N 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 risk

Financial markets turbulence

Threat of global economy slowdown

Still high potential credit risk

Investment Summary

33

+7 495 620 90 71

investor@voz.ru

http://www.vbank.ru/en/investors

Follow us on Twitter:

www.twitter.com/vbank_IR

Investor Relations contacts

Yulia Vinogradova, Advisor to the Chairman

Yu.Vinogradova@voz.ru

Elena Mironova, Deputy head of IR

E.Mironova@voz.ru

Maria Gorbunova, IR specialist

M.Gorbunova@voz.ru

Download presentation:Download contacts:

34

Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of Bank Vozrozhdenie (the Bank). Such forward-looking statements are based on numerous assumptions regarding the Bank’s present and future 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 we cannot predict with certainty. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this presentation and are subject to change without notice. We do 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 those expressed 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 meet

demand 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 undue reliance 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 after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.

Disclaimer