OREANDA-NEWS. Alfa-Bank's Board of Directors resolved to expand the membership of the Bank's Executive Board. In connection with this, Mikhail Povaly, who from July 2010 was running the Bank's Mass Business, joined Alfa-Bank's Executive Board. This resolution is in the first instance related to the successful performance and strong leadership skills inherent to Mikhail.

Alexei Marey, Chief Executive Officer, Member of the Executive Board, Member of the Board of Directors:

• It is significant that Mikhail Povaly has matured as a banking professional right in Alfa-Bank. He has put up a good performance working both in Retail Business and in Corporate and Investment Banking. Among his strong points one can name customer focusing, ability to achieve high results and team leader ship. Mikhail is a food partner and colleague you can always rely on, and I am confident of his success.

Small business and dealing with individual entrepreneurs(companies generating revenues of up to 150 mln. RUR annually) was launched in Alfa-Bank in 2010.

Although the Bank entered the already established market it managed to win its niche having put a stake on settlement products. Within all the three years Mass Business has been demonstrating good flow of earningsand by its target settlement products is outriding the mid-market rates of growth. Today, the Bank offers small-size companies a variety of instruments required for their business development- packages of settlement and cash services in line with the specifics and extent of financial activities, unsecured lending up to 6 mln. RUR, overdrafts, Internet Bank and Mobile Banking integrated with online accounting, payroll programs, mobile acquiring and many other things. Alfa-Bank is servicing Mass Business customers in 50 Russian cities, with its network of offices continuously growing up.