In October Center-invest Bank published its Q1-Q3 2008results. The financial statements were produced in accordance withInternational Financial Reporting Standards (IFRS), with which Center-investhas been working for the past twelve years.

Leadinginternational investors are already working with Сenter-Invest Bank: the EBRD, KfW,DEG, IFC, FMO. One of Europe's oldest savings banks, Erste Group (Austria),recently became a shareholder in Сenter-Invest.

Since thebeginning of 2008 Сenter-investBank has provided companies operating in the real economy with loans totallingRUR45.7bn. This includes more than RUR13.5bn in loans to SMEs. Thirty thousandsmall businesses and sole traders bank with Center-Invest.

Сenter-invest's customers are usingthe loans to upgrade their equipment, in part by installing energy efficienttechnology. The bank's energy efficiency loan portfolio is RUR1bn.

Сenter-invest's customers that havecarried out energy efficiency programmes have managed not only to modernizetheir equipment, but also to reduce theirenergy costs by 40-70%.

So far in2008 more than 3,000 new business accounts have been opened. (As at 01.10.08Center-Invest was managing 35 672 business accounts.)

The numberof retail depositors has risen: 334 000 residents of southern Russia bankwith Center-Invest, and 108,000 people are using MasterCard International andVisa International cards issued by the bank.

Center-invest'simproved financial performance is also due to the continuing expansion of itsbranch network. The bank opened a new office in the centre of Rostov-on-Don,the capital of the Southern Federal District,and another nine new branches are scheduled to open by the end of the year.

Key financialindicators (IFRS), RUR millions