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Vozrozhdeniye Bank

June 6, 2003

Vozrozhdeniye Bank issued the 350,000th bankcard of International Payment System VISA under its regular payroll project.

Vozrozhdeniye Bank issued the 350,000th bankcard of International Payment System VISA under its regular payroll project with the Research and Development Institute named after Tikhomirov - the leading enterprise in the military and industrial complex of Russia in the field of development of the fifth generation arms control systems designed for jet fighters SU-30 MK and mobile antiaircraft missile complexes.

Tatyana Fefilova, a head of the settlement department of the above enterprise has become a happy owner of the card. The Bank also granted her a registered certificate and a voucher to the foreign resort at the ceremonial party that took place on June 5th in the Moscow Region city Zhukovskiy.

Mark Nakhmanovich, Deputy Chairman of the Bank:
Vozrozhdeniye Bank is a leader in the Moscow Region in the field of bankcards based on the payroll projects, where an enterprise enters into agreement with the bank on payroll payment by bankcards. The bank extends overdraft loans to employees of these enterprises. At the moment Vozrozhdeniye has already implemented over 1500 similar projects not only in the Moscow Region, but in the other major cities of Russia, such as Volgograd, Volgodonsk, Murmansk, Petrozavodsk, Saransk and some others as well. In line with transition to the new technologies we are planning a complete substitution of all magnetic cards for microchip cards (200,000 cards are going to be replaced by September 2003 only), as well as the further expansion of ATM and acquiring network. In the Moscow region Vozrozhdeniye Bank is the first bank to launch VISA chip cards of VSDC standard.

The Bank accepts payments for MTS, Bee-Line, NTV+ services at the offices and through ATMs free of charge. On-line mobile payments are made by VISA and EUROPAY bankcards issued by any bank. Utility payments are accepted through ATMs as well.

Vozrozhdeniye's diversified branch network - over a hundred branches and offices - covers nearly the overall Russian territory.

Lou Naumovsky, VISA representative in Russia:
Vozrozhdeniye Bank is one of our first partners in Russia. We are actively cooperating since 1966. The principal feature of the Bank is safety. Vozrozhdeniye is continuously expanding its range of bankcard services. Transition to the microchip technologies reflects a considered and weighted strategy of the Bank's management. That will allow to enhance the level of customer service, as well as to broaden the customer base. Implementation of microchip cards by Vozrozhdeniye positively ensures its leading position in the field of bankcard business development and promotion of new high technology products and services to the market.




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