On June 23, 2006, Rosneft won an auction for the sale of 25.49% (19,500 common registered shares) in the charter capital of the Pan-Russian Bank for Regional Development (VBRR), held by the Federal Property Management Agency.

Rosneft paid 332.7 million rubles for the Federal Property Management Agency's block of shares, and now owns 76.47% of shares in the bank.

VBRR's other shareholders are: Vneshtorgbank — 13.3%; Volgaburmash — 5%; the Orlovskaya Oblast Administration's State Property Department — 3.92%; the Irkutsk Oblast State Property Management Committee — 0.65% and the Association of Economic Interaction of Russian Federation Subjects, the Central Federal District Central-Chernozem District — 0.65%.

VBRR was created pursuant to a Russian Federation Government Resolution and started its operations in 1996. The bank is a universal credit institution, offering its clients the full range of banking services. In terms of performance indicators, reliability and financial and economic ratios, VBRR ranks amongst Russia's top 50 banks.

The bank's equity capital as at June 1, 2006 totaled 1.2 billion rubles, assets comprised 21.4 billion rubles, and charter capital 765 million rubles. The bank holds a General License, and is an affiliated member of the international MasterCard International payment system and a principal member of the international VISA International payment system. VBRR has been part of the deposit insurance scheme since 2005.