Sections |
| Title | Starting Page | Number of Pages |
|---|
| Highlights | 1 | 1 |
| OPINION | 2 | 1 |
| RUSSIAN INFLATION WILL GO UNCHANGED IN 2008 UNLESS AUTHORITIES IMPLEMENT EFFECTIVE MEASURES | 2 | 1 |
| FOREIGN INVESTMENT QUOTA IN INSURANCE SECTOR COULD BE EXHAUSTED BY END OF 2009 | 2 | 2 |
| IDEA OF REGIONAL CURRENCIES SHOULD BE SCRUTINIZED, SAY CIS SENIOR BANKERS | 3 | 1 |
| FINANCIAL POLICY | 3 | 1 |
| FINANCE MINISTRY PLACES 17.625 BLN RUBLES AT 7.25% IN DEPOSIT AUCTION | 3 | 2 |
| FOR FIRST TIME, CENTRAL BANK BUYS GOLD FROM PRODUCERS | 4 | 1 |
| OFFICIAL COMMENTS | 4 | 1 |
| RUSSIA'S CENTRAL BANK COULD RAISE INTEREST RATES IN H1 | 4 | 1 |
| RUSSIAN MONETARY AUTHORITIES READY TO FUNNEL BANKS WITH LIQUIDITY IN PLACE OF FOREIGN BORROWING | 5 | 1 |
| IDLE BUDGET FUNDS COULD BE DEPOSITED AT BANKS FOR 3-4 MTHS | 5 | 1 |
| BANKS HAVE ENOUGH LIQUIDITY TO PERFORM USUAL FUNCTIONS | 5 | 1 |
| ECONOMICS MINISTRY DOES NOT SEE SENSE IN EXTENDING FREEZE ON FOOD PRICES | 6 | 1 |
| ECONOMIC DEVELOPMENT MINISTRY TO INSIST ON CUTTING VAT TO 12% | 6 | 1 |
| AROUND 1,000 RUSSIAN COMPANIES HAVE POTENTIAL FOR CAPITALIZATION OF $1 BLN | 6 | 1 |
| STATISTICS | 6 | 1 |
| RUSSIAN GDP UP 7.8% IN MARCH | 6 | 2 |
| RUSSIAN PRODUCER PRICES GROW 0.7% IN MARCH AS ANALYSTS PREDICT | 7 | 1 |
| RUSSIAN CORE SECTOR GROWTH ACCELERATES TO 8.2% IN MARCH | 7 | 1 |
| REAL INCOMES GROW 7.8% IN MARCH | 7 | 1 |
| RUSSIAN INVESTMENT IN FIXED ASSETS UP 20.2% IN MARCH, BEATING FORECASTS | 8 | 1 |
| TAX COLLECTION IN JANUARY-MARCH 2008 UP BY 16.7% TO 787 BLN RUBLES | 8 | 1 |
| RUSSIAN INTL RESERVES UP $7.0 BLN TO $518.8 BLN IN WEEK TO APRIL 18 | 8 | 1 |
| RUSSIA POSTS 1.1% INFLATION FROM APRIL 1-21 | 8 | 1 |
| RUSSIA POSTS CAPITAL INFLOW IN APRIL | 9 | 1 |
| GROWTH IN RUSSIAN MONEY SUPPLY SLOWS TO LESS THAN 40% IN MID-APRIL | 9 | 1 |
| RUSSIAN M&A MARKET ROSE 61% IN 2007 | 9 | 1 |
| RUSSIAN REGIONAL BUDGETS GET EXTRA 350 BLN RUBLES FROM Q1 ECONOMIC GROWTH | 9 | 2 |
| RUSSIAN BANKS | 10 | 1 |
| MERGERS & ACQUISITIONS, REGIONAL DEVELOPMENT | 10 | 1 |
| VTB COULD SOON RECEIVE LICENSE TO WORK IN TAJIKISTAN | 10 | 1 |
| CONVERSBANK FINANCIAL GROUP FINALIZES MERGER OF FOUR RUSSIAN BANKS | 10 | 1 |
| SHAREHOLDER STRUCTURE | 11 | 1 |
| URALSIB BANK DENIES TALKS ON SALE OF CONTROLLING STAKE TO GAZPROMBANK | 11 | 1 |
| NOMOS BANK SHAREHOLDERS INVESTING 5 BLN RUBLES IN BANK | 11 | 1 |
| FINTEST HOLDING BOOSTS STAKE IN KREDITPROMBANK FROM 29% TO 38% | 12 | 1 |
| LOANS | 12 | 1 |
| PROMSVYAZBANK RAISES $175 MLN LOAN AT LIBOR+1% | 12 | 1 |
| INVESTMENT | 12 | 1 |
| SBERBANK INVESTING 1 BLN RUBLES IN AUTOMOTIVE ASSEMBLY PLANT IN CAUCASUS | 12 | 1 |
| VEB BOARD APPROVES PARTICIPATION IN 15 PROJECTS WORTH 271.5 BLN RUBLES | 12 | 2 |
| FINANCIAL INSTRUMENTS | 13 | 1 |
| BANK OF MOSCOW PREPARES OPEN PLACEMENT OF 5.4% OF SHARES | 13 | 1 |
| URSA BANK ABLE TO PLACE 62% OF EIGHTH SERIES BOND ISSUE FOR 6.2 BLN RUBLES | 14 | 1 |
| MBRD TO START PLACING 3 BLN RUBLES IN BONDS ON APRIL 29 | 14 | 1 |
| HCF-BANK FULLY PLACES 4 BLN RUBLES IN BONDS WITH YIELD AT 13.1% | 14 | 1 |
| URSA BANK'S 1.5 BLN RUBLE 6TH SERIES BOND ISSUE REACHES MATURATION | 14 | 2 |
| FINANCIAL RESULTS | 15 | 1 |
| RUSSIAN MONETARY BASE UP 51.1 BLN RUBLES TO 4.17 TRLN RUBLES ON APRIL 21 | 15 | 1 |
| RUSSIAN MONEY SUPPLY GROWS 2.3% TO 13.383 TRLN RUBLES IN MARCH | 15 | 1 |
| APPOINTMENTS & RESIGNATIONS | 15 | 1 |
| CENTRAL BANK PURCHASES AROUND $20 BLN IN ORDER TO RUBLE RATE STABLE | 15 | 1 |
| CENTRAL BANK OF RUSSIA APPROVES EAST CAPITAL'S ACQUISITION OF 20% STAKE IN FIA-BANK | 16 | 1 |
| VEB SETTLED $4 BLN IN BANK LIABILITIES TO THE FEDERAL BUDGET IN 2003-2007 | 16 | 1 |
| VEB CALLS FOR CREATION OF INSURANCE AGENCY FOR EXPORT LOANS, INVESTMENTS | 16 | 1 |
| SBERBANK BOOSTS NET PROFIT 39% TO 36.13 BLN RUBLES IN Q1 | 16 | 2 |
| SBERBANK TO PUBLISH 2007 IFRS FINANCIALS APRIL 30 | 17 | 1 |
| CENTRAL BANK | 17 | 1 |
| URAL BANK OF SBERBANK BOOSTS ASSETS 10% IN Q1 2008 | 17 | 1 |
| PROMSVYAZBANK BOOSTS ASSETS 13% TO 328.4 BLN RUBLES IN Q1 | 17 | 1 |
| VTB NORTHWEST BOOSTS IFRS ASSETS 41% IN 2007 | 17 | 2 |
| UBRD BOOSTS ASSETS 17% IN Q1 | 18 | 1 |
| GE MONEY BANK TO BOOST LOAN PORTFOLIO 70% TO $1.2 BLN IN 2008 | 18 | 1 |
| URALTRANSBANK BOOSTS ASSETS 4.4% IN Q1 | 18 | 1 |
| URALTRANSBANK COULD BOOST DIVIDENDS ON COMMON SHARES FOR 2007 BY 29% | 18 | 2 |
| SERGEI DEGTYAREV NAMED ROSBANK DEPUTY CEO | 19 | 1 |
| KIT FINANCE'S DEPUTY GENERAL DIRECTOR TO HEAD BANK'S INVESTMENT BANKING SECTION | 19 | 1 |
| SHAREHOLDER & BOARD MEETINGS | 20 | 1 |
| VTB SUPERVISORY BOARD TO MULL 2007 DIVIDEND PAYMENTS ON APRIL 28 | 20 | 1 |
| INSURANCE SECTOR | 20 | 1 |
| SEVERNAYA KAZNA INSURANCE COMPANY ADMITS INDEPENDENT DIRECTOR TO BOARD | 20 | 1 |
| RATING ACTIONS | 20 | 1 |
| FITCH UPGRADES CREDIT BANK OF MOSCOW'S IDR TO 'B' WITH STABLE OUTLOOK | 20 | 2 |
| FITCH RATES NOVOSIBIRSK REGION'S 1.9-BLN RUBLE BOND ISSUE 'AA-(RUS)' | 21 | 1 |
| NONBANK FINANCIAL INSTITUTIONS | 22 | 1 |
| GOVT TO ASK WATCHDOG TO LOOK AT PPF'S PURCHASE OF INGOSSTRAKH STAKE | 22 | 1 |
| LEGAL | 22 | 1 |
| DUMA APPROVES PLACEMENT OF HOUSING FUND MONEY AT BANKS | 22 | 1 |
| TRENDS | 22 | 1 |
| DOLLAR CORRECTS UP LAST WEEK | 22 | 2 |
| OFZS POST VARYING QUOTATIONS FOR APRIL 22-25 | 24 | 2 |
| RUSSIAN FOREX BONDS MARKET LACKS COMMON TREND | 25 | 1 |
| STOCK MARKET ROLLS BACK LAST WEEK | 26 | 2 |
| STOCK INDEXES | 27 | 1 |
| CIS AND THE BALTIC | 28 | 1 |
| UKRAINE | 28 | 1 |
| NATIONAL BANK OF UKRAINE TO RAISE BASE INTEREST RATE TO 12% ON APRIL 30 | 28 | 1 |
| NBU BOOSTS ASSETS 5% IN Q1 2008 | 28 | 1 |
| UKRAINE CHALLENGED BY HIGHEST INFLATION IN 7-8 YEARS | 28 | 1 |
| RADA ESTIMATES CAPITAL FLIGHT IN UKRAINE AT $50 BLN - $80 BLN | 29 | 1 |
| UKRAINE CENTRAL BANK DENIES SHORTAGE OF HRYVNI | 29 | 1 |
| KUCHMA BLAMES ORANGE COALITION FOR SOARING INFLATION | 29 | 1 |
| UKREXIMBANK BOOSTS ASSETS 7.2% IN Q1 | 30 | 1 |
| UKRPROMBANK PAYS OFF $33 MLN SYNDICATED LOAN | 30 | 1 |
| PROMINVESTBANK BOOSTS ASSETS 8.5% IN Q1 2008 | 30 | 1 |
| PRIVATBANK BOOSTS ASSETS 8% IN Q1 2008 | 30 | 1 |
| ALFA-BANK UKRAINE APPROVES 29% CHARTER CAPITAL INCREASE | 31 | 1 |
| IFC OPENS $75 MLN LOAN FACILITY TO INTERNATIONAL MORTGAGE BANK | 31 | 1 |
| BELARUS | 31 | 1 |
| BELARUSIAN BUDGET SURPLUS AT 7% OF GDP IN Q1 | 31 | 2 |
| BELARUSIAN GDP TO GROW 8%-9% IN 2009 UNDER OPTIMISTIC FORECAST | 32 | 1 |
| GAZPROM, GAZPROMBANK QUADRUPLE BELGAZPROMBANK'S CHARTER CAPITAL | 32 | 1 |
| KAZAKHSTAN | 33 | 1 |
| NATIONAL BANK OF KYRGYZSTAN REDUCES RESERVES 3.1% IN Q1 2008 | 33 | 1 |
| FITCH: KAZAKH BANKS' ASSET QUALITY SHOWS NEGATIVE TREND, DISCLOSURE OPAQUE | 33 | 3 |
| ALLIANCE BANK LOWERS ASSETS 1.7% IN Q1 2008 | 35 | 1 |
| UZBEKISTAN | 35 | 1 |
| UZBEK GDP UP 8.1% IN Q1 | 35 | 1 |
| UZBEK BANKS BOOST ASSETS 4% IN Q1 | 35 | 1 |
| ALOKABANK DOUBLES IFRS ASSETS IN 2007 | 36 | 1 |
| TAJIKISTAN | 36 | 1 |
| TAJIKISTAN, BELARUS AND ARMENIA COULD BECOME EABR MEMBERS THIS YEAR | 36 | 1 |
| TAJIKISTAN'S FOREIGN DEBT JUMPS 40% IN 1 YR | 36 | 1 |
| AZERBAIJAN | 37 | 1 |
| FITCH ASSIGNS AZERBAIJANI TECHNIKABANK'S UPCOMING EUROBOND EXPECTED 'B-' RATING | 37 | 1 |
Tables |
| Title | Starting Page | Number of Pages |
|---|
| FINANCIAL INDICATORS | 1 | 1 |
| Exchange Rate For Ruble Against Leading World Currencies | 23 | 1 |
| Average Ruble/Usd Exchange Rates On MICEX | 23 | 1 |
| Average Ruble/Eur Exchange Rates On MICEX | 24 | 1 |
| Official Exchange Rates For CIS And Baltic Nations | 24 | 1 |
Graphs |
| Title | Starting Page | Number of Pages |
|---|
| Official Exchange Rate Ruble/$1 | 1 | 1 |
| Official Exchange Rate For Dollar To Ruble | 23 | 1 |
| Average YiElD On Securities | 25 | 1 |
| Gko-Ofz Market Volume By Price | 25 | 1 |
| Minfin Yield | 25 | 1 |
| Minfin Bond Prices, % | 26 | 1 |
| Russian USD Denominated Eurobonds' Prices | 26 | 1 |
| RTS Index | 27 | 1 |
| RTS - Oil & Gas | 27 | 1 |
| RTS - Telecom | 27 | 1 |
| RTS - Metals & Mining | 27 | 1 |
| RTS - Industry | 28 | 1 |
| RTS - Consumer & Retail | 28 | 1 |
