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Vneshtorgbank continued expanding the network of added offices in the Moscow area

25 December 2003

Vneshtorgbank has opened two added offices:  "Krasnopresnenski", located at Ul. Koniushkovskaya, 31, build. 1) and  и "Frunzenski", located at Frunzenskaya Nab., 36/2).

New premises offer full spectrum of up-to-date banking services intended for corporate and individual customers, including 24-hour access to the ATM.

Since opening of new premises, total number of Vneshtorgbank`s offices and teller terminals in the Moscow City and the Moscow Region reached 28 in number.

Totally, in 2003 under the Strategy towards development of teller offices in the Moscow area Vneshtorgbank has opened ten universal added offices, including an office located in Liubertsi, the Moscow Region, and a specialised Centre for Mortgage and Consumer Credit, as well as four teller terminals.

In 2004, under the Added Office Development Plan in the Moscow area Vneshtorgbank plans to open more teller officers such as follows:
* five universal added offices in the Moscow City;
* four universal added offices in the Moscow Region;
* at least thirty offices related to the "second-tier" network (mini-offices and teller terminals outside the cashier`s office).

Moreover, the network development plan envisages creating 15 automated self-service terminals and installing 100 ATMs.

Owing to active expansion of the branches and the spectrum of banking services, in 2003 Vneshtorgbank strengthened its leadership positions in terms of household deposits, money transfers and plastic card transactions. At present, Vneshtorgbank ranks fourth in terms of aggregate household depositsong Russian commercial banks.

As of 1 November 2003, household deposits placed with Vneshtorgbank were about 25 billion roubles, a 8.6 billion rouble growth in absolute terms as compared to the start of the year 2003.

The number of international bankcards issued by Vneshtorgbank reported a 73% increase to 280,000 cards as of 1 November 2003 against the start of the year, while consolidated balances on bankcard accounts were 2.2 billion roubles as of 31 October 2003, which reported a 59% increase.

The international card merchant network grew by 130% from the start of the year, and nowadays, it comprises 177 cash advance terminals, 385 ATMs and 989 merchants accepting bankcard issued by Vneshtorgbank.

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