Steps Of Development

We are a modern, dynamically developing bank with an active position in all sectors of financial services.

• Absolut Bank was reckoned among 10-Top Reliable Banks according to Forbes journal.
• Absolut Bank was assigned with Principal Member status in Visa International S.A. payment system.
• Absolut Bank joined the All-Russian ATM and Cash Points Network “Unified Settlement System” (ORS).
• ОАО AHML (OOO Agency on Housing Mortgage Lending) and Absolut Bank signed an agreement of intent aimed at issuing mortgage securities, obligations on which will be secured on AHML surety.

• Absolut Bank increased its capital by RUB9.8 bln. by issuing 50 mln. of common shares.
• The RF Ministry of Finance put Absolut Bank in the list of the authorized banks on placing budget temporary surplus funds.
• Absolut Bank joined the list of banks on which sureties loans of the Bank of Russia could be secured.
• Absolut Bank issued bonds to the total amount of RUB10.0 bln.

• Absolut joined KBC Group, one of the biggest financial groups of Europe.
• Absolut Bank was reckoned among credit institutions on the sureties of which loans of SB RF could be secured.
• Regional network of Absolut Bank doubled. It included 72 market outlets in 24 regions of the country.
• Fitch affirmed Russia's Absolut Bank at 'B' with Stable outlook
• Under IFC’s Global Trade Facilitation Program Absolut Bank’s limit was increased up to US$ 40 million
• Absolut Bank successfully placed the 8th US$ 10 million tranche under its US$200 million Short Term Note Programme
• Absolut Bank’s shareholders’ equity increased by US$ 60 million

• EBRD and Absolut Bank signed USD 10 mio Loan Agreement to finance the development of small business in Russia
• RZB prolonged and extended Trade Related Finance Facility up to USD 75 mio
• Absolut Bank signed USD 120 million A+B Syndicated Loan Agreement, arranged by EBRD
• Absolut Bank and BSTDB concluded USD 15 million Loan Agreement, thus its capital soared up to USD 234 million
• Absolut Bank made an extension of credit limit up to US$100 million within the framework of the EBRD Trade Facilitation Program
• Absolut Bank increased its total capital by attracting US$15 million Subordinated deposit from its Shareholders
• Absolut Bank successfully placed the 7th tranche under its US$200 million Short Term Note Programme
• Absolut Bank and Nordic Investment Bank signed EUR 10 million Loan Agreement
• Absolut Bank attracted new Subordinated Loan from DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH) for the total amount of US$20 million
• Absolut Bank attracted USD 20 million loan from National Bank
• Absolut Bank attracted new Subordinated deposit from its Shareholders for the total amount of US$20 million
• Absolut Bank successfully placed its second RUB 1 billion bond issue on MICEX (Moscow Interbank Currency Exchange).
• Absolut Bank made the extension of its 2 nd Syndicated Loan for the amount of USD 35 million and 1 year tenor.
• Absolut Bank increased the volume of its debut Eurobonds issue up to USD 200 million (additional issue – USD 50 million).
• EBRD increased the credit limit provided to Absolut Bank under the Trade Facilitation Program up to USD 50 million.
• Absolut Bank attracted its debut 1 year Syndicated Loan for total amount of RUB 1 093 700 000.
• Absolut Bank successfully placed its debut dollars denominated Loan Participation Notes. The amount of the issue comprised USD 150 million.
• Fitch upgraded the Bank’s IDR rating to " В " (from "B-") and National Long-term rating to " ВВВ " (from " ВВВ -"). Outlook stable.
• Moody’s changed outlook on the Bank’s B1/E+ ratings to positive from stable and assigned B1 rating to the upcoming Eurobonds issue; Moody’s Interfax upgraded the national scale rating to A1.ru.
• Absolut Bank joined the IFC’s Global Trade Finance Program
• Absolut Bank successfully placed third tranche under its US$100 million Short Term Note Programme
• Absolut Bank's Capital totaled US$118 million and is to be increased up to US$163 million

• Branch Network Development in 2005
  
  • New Moscow regional branch was opened in Mytischi
  • Absolut Bank launched its new office in Zelenograd
  • Absolut Bank launched its credit-consulting centre in Naro-Fominsk
  • Absolut Bank opened its office in Lyubertsi
  • New Moscow regional branch was opened in Balashikha
  • Absolut Bank launched its credit-consulting centre in Vidnoe
  • Absolut Bank launched its new regional branch in Korolev
  • Absolut Bank has launched its Central Branch in Saint Petersburg.
  • The second Bank’s regional branch was opened in Khimki
  • The first Moscow regional branch was opened in Podolsk
• IFC became the shareholder of Absolut Bank
• Absolut Bank signed USD 52 million Trade Related Finance Facility Agreement
• Export Import Bank of India extends USD 10 million Line of Credit to Absolut Bank
• KfW and Absolut Bank signed the Loan Agreement that opens USD 10 million credit facility for 7 years to refinance the bank’s SME portfolio
• Absolut Bank successfully placed second tranche for USD 25,5 million under its USD 100 million Short Term Note Program
• The Fitch agency changes Absolut Bank’s outlook to positive and upgrades National Long-term rating from «BB+» to «BBB-»
• The European Bank for Reconstruction and Development increases Absolut Bank’s Guarantee Exposure up to USD 35 million.
• IFC and Absolut Bank have signed Multi Project Facility Agreement.
• The Bank registered USD 100 million Short Term Note Programme and successfully placed first tranche for USD 12,5 million
• The Bank successfully attracted second USD 25 million Syndicated Loan arranged by COMMERZBANK AG and RZB Group.
• The Independent ING Advisory consultants published the Review of the Anti-money laundering procedures of Absolut Bank, Russia, which is concerned to its compliance with international standards and the implementation of those procedures throughout the Bank.
• The Bank was first rated by MOODY’S.

• The Bank issued and successfully placed on the domestic market its debut 500 million rouble 2-years bond
• SACE, Italy has approved guarantee of two 5-years transactions of the Bank’s customers for total amount EUR 0.8 million and USD 0.6 million.
• FITCH Ratings assigned the National Long-term ratings to Absolut Bank
• The Bank sponsored the Russian Banking Forum in Milan, September 2004
• HERMES, Germany has approved guarantee of two 5-years transactions of the Bank’s customers for total amount EUR 8.6 million and USD 3.5 million.
• The Bank passed through the inspection of the Central Bank as the part of the procedure of including to the Deposit Insurance System.
• EBRD increased the Bank’s limit under Trade Facilitation Program up to US$20 million.
• FITCH Ratings updated the international ratings of the Bank.
• Together with the business newspaper "Vedomost i", Bank organized a public Conference "Import of goods & equipment, optimization of financing schemes".
• EBRD included the Bank into SME lending program given US$10 million limit for 4 years.
• The Bank signed Mandate Letter with IFC with intention to attract US$15 million for 8 years for refinancing of the mortgage program.
• The Bank successfully attracted first USD 10 million Syndicated Loan arranged by Raiffeisen Zentralbank Osterreich AG, Vienna.
• The Bank was included into the State Deposit Insurance System.

• The Ceremony of the beginning of the new Head office construction in the historical part of Moscow took place
• The Bank attracted USD 5 million subordinated loan for 10 years from its shareholders
• The Bank was first rated by FITCH Ratings
• The Bank opened a new Moscow office
• The Bank became the 11th Russian bank included to EBRD TFP

• The Bank opened a new Moscow office
• The Central Bank of Russia registered the 11 th, and 12 th share issues of the Absolut Bank for total amount USD 15 million

• Launch of VISA card services
• The Bank obtained Central Bank’s General license for banking operations
• The Bank obtained a general license from the Ministry of Economic Development and Trade for export of refined gold
• State Customs Committee included Absolut Bank in the list of organisations- guarantors in favour of customs bodies
• The Bank attracted USD 5 and USD 2 million subordinated loans for 10 years from its shareholders
• Central Bank of Russia registered the 9 th and 10 th share issues of Absolut Bank for total amount USD 10 million

• The Bank joined VISA international payment system
• Internet trading was offered for Absolut Bank’s customers
• The Bank obtained License for performing dealing, brokerage and trust management activities
• The Bank obtained License for depository activities
• PriceWaterhouseCoopers was appointed as the Bank's auditor.

• The Bank concluded agreement with the Central Bank of Russia to deal on the GKO-OFZ securities market.
• The Bank joined the National Currency Association.

• The Bank obtained license for operations involving precious metals.
• The Bank joined Moscow Interbank Currency Exchange.

• The Bank joined the National Association of Stock Market Participants (NAUFOR)
• The Bank obtained professional securities market participant license
• The Bank obtained license for direct correspondent relations with foreign banks.

• The Bank began operations using Reuters Dealing system
• The Bank registered its Depositary.

• The Bank obtained Central Bank’s license to perform foreign currency transactions.
• The Bank opened a new Moscow office

• Registration with the Central Bank of Russian Federation ("Central Bank")
• Central Bank granted Absolut Bank the Licence to perform banking transactions in local currency