Market Analysis

June 26, the annual general meeting of shareholders of BankVTB North-West, in which the sole shareholder of the Bank were approved by the annual report for 2008 and annual financial statements, including profit and loss for the year 2008.

also agreed to the payment of dividends by results of 2008 did not produce, profit of 6 billion rubles will be directed at the development bank.

In addition, were approved by the transaction, for which there is interest and that may be committed in the future in implementing the Bank of its normal business activities.

were approved structure of the supervisory board and audit commission.

The composition of the Supervisory Board are:

• Andrei L. Kostin, President-Chairman of the OJSC Bank VTB;

• Vadim O. Levin, First Deputy President-Chairman of the OJSC Bank VTB;

• Eugene V. Novikov, a member of the Board of JSC Bank VTB;

• Oliounine Dmitry, Chairman of the OJSC Bank VTB North-West;

• Petelin Ekaterina, senior vice-president of OJSC Bank VTB;

• Puchkov Andrew S., Member of the Board of JSC Bank VTB;

• Tamara V. Stepashin, a senior vice-president of OJSC Bank VTB;

• Tsehomsky Nikolay, a member of the Board of JSC Bank VTB;

• Yastrib Alexander, senior vice-president of OJSC Bank VTB.

In the bank's audit committee were elected:

• Queen Tatiana, regional manager of internal audit department of internal controls in North-West Regional Center of OJSC Bank VTB;

• Kshnyakina Tatyana Ivanovna, Head of the consolidated balance sheet of OJSC Bank VTB;

• Potekhina Olga, Head of the ongoing monitoring of banking transactions OJSC Bank VTB;

• Yavorovich Natalya, chief specialist of taxes OJSC Bank VTB.

auditor of OJSC Bank VTB North-West for 2009 approved by OOO Ernst and Young.
Against the backdrop of rising prices on commodity exchanges, the leaders of today may become a growth stock commodity companies
Oil prices have reached their maximum values, and after opening in Russia will be under pressure
The next goal is the growth in the region of 1030-1050 points on the MICEX index
United States: the successful rise against the backdrop of expected statistics and hope for a swift economic recovery
Week on the world stage: the political crises of the summer season
Inside bought 18% shares in Ukrtatnafta
Poland agreed on the supply of gas from Qatar
World demandfor oil will not recover even 3-4 years
On the issue of gas loan Ukraine making progress

Company News