OREANDA-NEWS. May 06, 2011. This is to inform you that on 20.04.11 Vnesheconombank’s Management Board made the following decisions on the composition of participants in the Program Of Vnesheconombank’s Investments in Affordable housing Construction and Mortgage Lending in 2010-2013 (hereinafter referred to as the Program) and on the amount of their applications:

1. To exclude the Association of Mortgage Companies is to be excluded from the Program’s participants;

2. To confirm the possibility that within the Program’s validity period  Vnesheconombank will purchase at par value bonds originated by OJSC Bank of Moscow , CJSC NOVIKOMBANK, OJSC NTB and OJSC AK BARS Bank in the following amounts
OJSC Bank of Moscow – 3.3 billion rubles;
CJSC NOVIKOMBANK – 2.7 billion rubles;
OJSC NTB- 2.0 billion rubles;
OJSC AK BARS Bank – 2.7 billion rubles.

2/3 of the appropriate amount of bonds to be originated by the said credit institutions are to be purchased with a coupon rate of 9% through using pension savings funds transferred into trust management and 1/3 of the appropriate amount of bonds are to be purchased with a coupon rate 3% through using Vnesheconombank’s own funds

3. In order to confirm the buy-out of mortgage-backed bonds on request by OJSC Bank of Moscow, CJSC NOVIKOMBANK, OJSC NTB and OJSC AK BARS Bank the above-mentioned banks are to signed an Agreement on Providing Services on Placing and/or Buying out Bond Issues with LLC VEB Capital before May 15, 2011.