2. NBD General Presentation Population is over 4.5 mln

3. NBD Bank Brief profile  Year of creation – 1992  General banking license, Securities license  Since 2004 – state deposit insurance program member  Since 1994 – development as an universal bank for SMEs  Since 1994 – close cooperation with EBRD, EBRD has 25%+1 of voting shares  Target groups – SMEs and individuals  The main foreign partners – EBRD, IFC, DEG, KFW, Commerzbank, USAID, Raiffeisenbank  Capital 30 September 2005 – 598 mln. rub. ($ 21.01 mln), equity $ 25.9 mln, assets – 3 963 mln. rub. ( $ 139.067 mln)  Branch network – 14 agencies

4. List of international programs ¹ПартнерПрограммаГоды 1EBRDSME Lending ProgramSince 1994 2 WORLD BANK and EBRDEnterprise Support Program1996-1999 3WORLD BANK and EBRDFinancial Institutions Development Program 1996- 1999 4WORLD BANK and EBRDHousing Construction Financing Program1996-1999 5SwisscontactCredit Resources Access Facilitation Program1997-2004 6SwisscontactExchange risk sharing program 2000-2004 7US-Russian Investment FundMicro Lending Program1999-2001 8US-Russian Investment FundCar Purchase Lending Program1999-2001 9USAID Pilot program of IAS implementation in Russian banking system Since 2000 10IFCMedium sized business promotion ProgramSince 2001 11WORLD BANKEnterprise Support ProgramSince 2001 12Dresdner Bank AGFinancing of import from GermanySince 2001 13Commerzbank Bank AG Guarantee of the telecommunication equipment purchase Since 2002 14DEGMiddle business development programSince 2003 15KFWMicro and small business development programSince 2004 16EBRDTrade Facilitating programSince 2004 16Raiffeizen Bank ( USAID)Micro and small business development programSince 2005

5. NBD Bank – Bank for Small and Medium companies Prerequisites  Large number of clients ( According to official statistics there are over 9.5 mln in Russia)  Excellent opportunities for the growth of clients number ( in 2004 г number of SMEs for 1000 of population in Russia 6.5, in France 35, GB - 45, Japan 50, Italy 68, USA 75)  Positive trends of the development in the the sector sale growth was over 35% in 2004  Relatively low banking competition level in the sector  High efficiency profitability ------------------------------------------------------------------------------------------------------------------------------------------ Bank achievements Development and successful 10 years use of the risk assessments techniques Implementation of the work out procedures Implementation of the wide product range Creation of the distribution channels, developing branch network -------------------------------------------------------------------------------------------------------------------------------------- Key results More then 20 loans are issued every day Loan portfolio exceeds 2,6 bln. rubles, losses are below 1 %

6. Branch network

7. SME loans Key products Deposits Payments Documentary business Exchange Money market operations Plastic cards Internet bank Securities market Type of client Monthly turnover, $ thousands Number of staff Microup to 20up to 50 Smallover 20up to 100 Mediumup to 1,250up to 300

8. Express Micro no collateral Loan products Micro Middle loan Small Consumer loans for entrepreneurs Car purchase loan Mortgage loans for entrepreneurs Overdraft on plastic cards ( payroll payment programs) Business loans Consumer loans LC/guarantees Leasing Mortgage loans for individuals

9. Main business loans to SMEs  Micro business financing (loan in rubles up to equivalent of $30 000, terms up to 2 years, mainly financing of the trade turn over of the micro trade companies and private entrepreneurs, up to 200 000 rubles ( ~ $7 000) no collateral, over $ 7 000 – collateral for 100% of the loan size- equipment, goods, private property)  Small business financing ( loans in rubles and hard currency up to equivalent of 150 000 up to 5 years, trade, production and service, collateral - 100%, hard collateral ( fixed assets) not less then 70% of the loan size  Middle business financing (loans in rubles and hard currency up to equivalent of 3 000 000 up to 6 years, trade, production and service, the majority are investment loans, use the combination of the Letters of Credits and loans, collateral - 100%, preference to the real estate as a collateral.) Over 500 loans are issued monthly

10. Loan portfolio growth ( IAS 2000 – I H 2005)

11. Quality of the loan portfolio and its share in total assets Provisions to total loan portfolio, IFRS Movements of loan share in the total assets, IFRS

12. International relationships International strategy  Trade finance using the limits in the foreign banks ( 7 banks)  Special programs for SME lending with EBRD, IFC, DEG, KFW, USAID and FMO.  Foreign currency payments via correspondent network  Program of the borrowings from the private banks - direct loans, and syndicated loans in future _______________________________________________________________________ Mln Euro

13. Proposals for the cooperation with NBD Bank Trade finance - Letters of credits Setting up limits for the confirmation of the Letters of Credits issued by NBD Bank with no cash cover _______________________________________________________________ Direct Loans to NBD Bank Middle term Loans to NBD Bank ( 2-5 years), with local loan portfolio as a collateral which consist of the loans to SMEs in the Volga region in Russia _______________________________________________________________ Participation in the syndicated loan NBD Bank intends to attract a syndicated loan at the amount of 15-20 mln USD in 2007.

14. Contact details www. nbdbank.ru  Russia, 603600, Nizhny Novgorod, GSP-202, Gorkogo Sqr., 6  Tel.: +7 8312 30 80 61;  Fax: +7 8312 34 39 48 Alexander Sharonov Chairman Of the Board of Managers Sharonov@nbdbank.ru Evgenij Maksakov Head of corporate finance&customers Maksakov@nbdbank.ru