Moscow, Russia - January 24, 2008 - Moody's Investors Service Confirmed MBRD Ratings

Moody's affirmed MBRD's ratings as follows:

Long-term Deposit Rating - B1

Short-term Deposit Rating - Not Prime

Financial Strength Rating - E+

Senior Unsecured  Rating - B1

Subordinate Debt Rating - B2

"Moody's confirmation of MBRD's FSR rating is the evidence of the Bank's transparency and our achievements as of today, and a tool to expand our cooperation with large international counterparts. Affirmed ratings lay the basis for the Bank's strong position as a reliable finance and for long-term plans and strategy", Sergey Zaytsev, Chairman of the Management Board, noted.

Moody's Investors Service is a market leader providing credit ratings and research, covering debt instruments and securities on global capital markets.

Joint Stock Commercial Bank "Moscow Bank for Reconstruction and Development" - full-service bank operating in the Russian market since 1993. (General banking license of the Bank of Russia for realization of bank operations ? 2268 dd. 12.11.2002).

Assets (disclosed financials) as of 01.07.2007 - 69,131,542 thousand RUB

Authorised capital as of 01.07.2007 - 465,500 thousand RUB

Equity as of 01.07.2007 -  6,282,695 thousand RUB

MBRD has 14 shareholders:

The largest Bank's shareholders: SISTEMA JSFC, Intourist VAO, PJSC "Moscow City Telephone Network" (MGTS).

In 2004 the Bank joined deposit insurance system. MBRD is also the Authorised Bank for the Government of the City of Moscow.  In 2006 MBRD won "Russia's Financial Elite" Award. In 2007 the Bank became the laureate of "Financial Olymp" National Award.

The Bank has branches in 15 cities: Saint Petersburg, Syktyvkar, Rostov-on-the-Don, Krasnodar, Yekaterinburg, Krasnoyarsk, Tomsk, Saratov, Krasnogorsk, Ufa, Stavropol, Nizhny Novgorod, Volgograd, Kemerovo, Chelyabinsk.