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A new branch of Vneshtorgbank in Bryansk

11 April 2005

Vneshtorgbank has launched its new branch in Byansk. The branch will now offer a most comprehensive spectrum of innovative banking services both to corporate and individual customers.

The newly opened branch is aimed at developing and increasing the efficiency of Vneshtorgbank operations, spreading its geographic boundaries and reaching out to new customers. Also, it is another step towards implementing Vneshtorgbank's Regional Network Development Concept approved by the Supervisory Council in February 2004.

Presently, the Bank's regional network comprises 53 branches, 99 offices and outlets in various towns of Russia and more than 40 outlets in Moscow and Moscow region. In 2005, in the context of its strategic development guidelines, Vneshtorgbank plans to open 15 more branches, which will certainly contribute to a better servicing of individuals, including enhancing mortgage and consumer lending, and implementing Vneshtorgbank's Small Business Support Program.

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