CB not planning special measures to support ruble - Ulyukayev

FINANCIAL POLICY

Central Bank to set limit on one-day REPO volumes from September 1

Central Bank may set bank capital requirement at 90 mln rubles from 2010

Banks win right to hold 53.13 bln rubles at budget funds auction

MinFin to offer 180 bln rubles in budget funds at auctions

OFFICIAL COMMENTS

Russia to see net capital inflow of $30-40 bln this year – Putin

Market turbulence not threatening Russian banking system - Central Bank

Foreign business not abandoning Russia, foreign capital in banking system on increase - Central Bank

Banks should be conservative on loan loss reserves - Central Bank

Inflation to continue decline in Russia

STATISTICS

Russia had 0.1% inflation for Aug 26-Sept 1, 9.7% in year so far

Economic Ministry’s working forecast on inflation at 12.2%-12.4%

Russian GDP Indicator eased to 6.9% in August – VTB Europe

Russian international reserves up $1 bln in week

Russia’s National Welfare Fund at $31.92 bln, Reserve Fund at $142.6 bln on September 1

Russian domestic debt up 1.8% to 1.39 trln rubles in September

Russian consolidated budget surplus at 2.028 trln rubles in H1

Russian federal budget surplus grows to 1.375 trln rubles in H1

Russian Central Bank estimates capital outflow at about $5 bln in August

Russian ruble depreciates 2.6%-2.8% against dollar in August

Individual bank deposits in Russia up 2.1% in June

RUSSIAN BANKS

MERGERS & ACQUISITIONS, REGIONAL DEVELOPMENT

Rosevrobank in talks on sale, but not to ICBC

SHAREHOLDER STRUCTURE

Marfin Bank finalizes purchase of Rosprombank

LOANS

Sberbank announces plans to raise $1.2-bln syndicated loan

MBA Moscow Bank raises $55 mln syndicated loan

Russian Standard Bank plans to raise $200 mln loan before year-end

Gazprombank and BOM each plan to raise $500 mln in subordinated loans

FINANCIAL INSTRUMENTS

Gazprombank to place 10 bln rubles in bonds in mid-Sept

VTB to mandate JP Morgan, Citi, HSBC for over $1 bln in Eurobonds

FINANCIAL RESULTS

VTB Bank boosts earnings 74% to 16.8 bln rubles in Jan-Aug

Promsvyazbank IFRS assets up 29% in H1; net profit rises 43%

Renaissance Capital Bank boosts IFRS assets 33% in H1

Russian Standard Bank net profit down 50.3% in H1; assets down 5.2%

RATING ACTIONS

Fitch affirms Russian insurer GEFEST’s IFS at ‘BB-’; Outlook Stable

S&P rates Russian reinsurer Unity Re ’BB-/ruAA-’, Stable Outlook

TRENDS

DOLLAR CLIMBS TO YEAR-HIGH

OFZ MARKET CONTINUES TO PLUNGE

RUSSIAN EUROBONDS SEE DOWNWARD TREND

ROUGH PATCH CONTINUES ON RUSSIAN STOCK MARKET

RESULTS OF RUSSIAN STOCKS TRADING IN RUSSIAN TRADING SYSTEM

STOCK INDEXES

CIS AND THE BALTIC

UKRAINE

National Bank of Ukraine boosts intl reserves slightly in August

Ukraine’s monetary base up 3.2% in August

Alfa Bank Ukraine to increase charter capital 32.31%

Inflation at 14.8% in Jan-Aug, August deflation at 0.1%

BELARUS

Belarus boosts foreign capital quota for banking system from 25% to 50%

Raiffeisen ups stake in Belarus’s Priorbank to almost 80%

KAZAKHSTAN

Kazakhstan sees 0.8% inflation in August

Kazakhstan’s gold and currency reserves up 2.8% in August

Halyk Bank raises $300 mln syndicated loan

GEORGIA

National Bank of Georgia will not revise 8% inflation forecast for 2008

Georgian inflation at 3.4% in Aug, 6.7% in 8 mths

ARMENIA

Foreign investment in Armenia up 65% in H1

Nb: This news report features only the headline of each news.