OREANDA-NEWS. March 26, 2008. Private Banking Services Department of the Bank of Moscow held a meeting for existing and potential VIP-clients in Ufa. During the meeting, prosperous customer of the Bank were able to familiarise themselves with the opportunities and services offered by the Bank of Moscow within the framework of Private Banking.

The evening was opened by the host, Director of the Ufa Branch of the Bank of Moscow Alexander Feoktistov. He welcomed the guests and told them about the branch’s news.

The Managing Director of the Private Banking Services Department, Dmitriy Breitenbikher, gave a presentation of the Private Banking products and services. One special feature of the Private Banking services, according to Mr. Breitenbikher, consists in exclusive banking services to VIP clients and their family members on a trust management basis. This presupposes full confidentiality, a high standard of service, access to al, the Bank’s opportunities and a broad range of consulting services.

A "personal banker" is appointed for each customer as his own manager, trusted representative and advisor, called on to take constant care of the customer’s interests and, if necessary, involve the best experts of the Bank’s specialised subdivisions for this purpose.

Dmitriy Breitenbikher told about the plans to introduce new financial products to expand customers’ opportunities for diversifying their assets, about accessibility of cross-border service and insurance products and about lifestyle management services. Dmitriy stressed that Private Banking is based on two main components: Relationship Management — a system of relations with the customer according to the "feedback" principle, organised through the personal manager, and Asset Management — management of the customer’s funds depending on his individual needs.

Dmitriy focused particular attention on the new Private Banking products: "Investment deposit — RTS index", "Investment deposit — gold (XAU/USD Spot)" and "Investment deposit — BRENT oil". It is planned to launch the new deposits in the second quarter of 2008. The deposit terms will be 180 and 365 days. The interest rate on the deposit will depend on a positive change in the financial assets to which the deposit is attached. The maximum possible return on the deposits will be 20% per annum.

The Director of the Analytical Department of the Bank of Moscow, Kirill Tremasov, travelled to Ufa to talk about the possibilities for investment through the Bank of Moscow. Kirill described the current situation on the stock market and shared his views concerning the market prospects for 2008. In his opinion, the situation on the global financial markets has deteriorated over the last few months and the US economy is virtually seeing a recession. At the same time, the foundations of the Russian economy — a double net surplus and high growth rates — remain quite firm. Against this background, most sectors of the stock market appear undervalued. The probability of a rise in Russian shares before the end of the year is considerable (the Analytic Department of the Bank of Moscow is retaining its forecast for the RTS index at the level of 2550 points), but the next few months will, Kirill believes, be characterised by a high degree of volatility and absence of any clearly identifiable trend. The increased risks of investing on the financial markets are compelling investors to seek new opportunities for placing their funds and, under these conditions, the products offered by the Bank of Moscow — investment deposits linked to the stock market index or oil and gold prices — undoubtedly constitute an interesting instrument. In Kirill Tremasov’s view, the policy pursued by the US financial authorities will lead to a devaluation of the US dollar and rising prices for a range of raw materials, and this trend may continue as a result of the adjustments made last week.

The services offered by the Bank of Moscow within the framework of Private Banking aroused lively interest. The evening’s guests were provided with an unrestricted opportunity to ask questions both during the conference and at the convivial dinner, where the customers were able to discuss various topics with the Private Banking and Branch managers in an informal atmosphere.