Duma approves financial stability measures

Key Russian banks to receive subordinated loan for up to 950 bln rubles

Russian stock market plunges 68% since May, biggest drop among emerging markets

From financial to economic crisis

IG Alrosa, RZD buying 90% of KIT Finance for 100 rubles

FORECASTS

IMF lowers Russian GDP forecast to 7% in 2008, 5.5% in 2009

IMF raises 2008 inflation forecast for Russia to 14% from 13.8%

Russia could have zero capital inflow in 2008 – Econ Ministry

Econ Ministry forecasts Russian inflation not to top 1% in Oct

OPINION

Econ Ministry expects growth to slow in 2009-2011

Russian financial institutions likely to consolidate – Fridman

Russian economy has very strong foundation – PwC head

Russian ruble may become Belarus’ reserve currency - Klepach

FINANCIAL POLICY

Regulator lowers technical limits for suspending equities trading

Medvedev orders changes to law on recovering secured debt

VTB quadruples number of counterparties to support liquidity on interbank market

Govt not planning to lend to insurance market during crisis

Govt considering fund to purchase assets from problem banks – Zadornov

Duma passes amendment on deposit insurance for up to 700,000 rubles

OFFICIAL COMMENTS

Medvedev proposes forming new financial centers, strong regional currencies

Medvedev vows to support Russian private business on world markets

Medvedev backs Sarkozy’s idea of EU-Russia common economic space

Full disclosure of corporate info, tighter oversight must be guaranteed – Medvedev

Confidence in U.S. as leader of free economy ruined for good – Putin

OVERVIEW

Crisis comes to Russia, or a knock to banker glee

STATISTICS

Net capital outflow from Russia totals $16.7 bln in Q3

Russian international reserves down $16.7 bln in week

Russian current accounts surplus widens 74.4% to $91.2 bln in 9 mths

Russia’s monetary base down 25.3 bln rubles in week to Sept 29

Russia’s intl reserves fall $25.6 bln in Sept

Unprofitable Russian banks double losses again in Aug

Russia had 0.8% inflation in Sept

Russia had 0.2% inflation Sept 30-Oct 6

Russian trade surplus narrows 3.2% to $18.5 bln in August

Russian trade surplus widens to $150.7 bln in 8 mths – customs

Central Bank’s U.S. dollar sales top purchases by $17.2 bln in Sept

Central Bank boosts support for banks to 176.6 bln rubles in Aug

Russian ruble appreciates 3.5% against dollar in Jan-Sept

Russian domestic debt down 0.8% to 1.38 trln rubles in September

Russia’s broad monetary base shrinks 0.8% to 5.318 trln rubles in September

Russia’s monetary base down 17.0 bln rubles in week to Oct 6

Banks have 607.4 bln rbs on CBR correspondent accounts on October 10

RUSSIAN BANKS

CENTRAL BANK

Central Bank wants banks to factor in risks on loans for shares

Central Bank gives all banks access to direct REPO deals

CB revokes license of Eurasia-Center Bank over liquidity problems

Russian Bankers’ House not accepting orders for budget payments – CBR orders

MERGERS & ACQUISITIONS, REGIONAL DEVELOPMENT

VTB won’t confirm Renaissance Credit talks

Russian regulator allows VEB to buy Sviaz Bank

PPF paid nearly 1 bln euros for Polymetal, Nomos Bank stakes

Bank of Cyprus cleared to buy 80% of Uniastrum Bank for $576 mln

LOANS

Sberbank signs $1.2-bln syndicated loan deal

NCSP raising $225-mln syndicated loan

Transgarant raised $90 mln syndicated loan

Uralsvyazinform announces auction for 600 mln ruble loan facility

FINANCIAL INSTRUMENTS

Banks get 39 bln rubles in budget funds at Oct 7 auction

Housing Fund auctions over 18 bln rubles to banks

Gazprombank places 10 bln rubles in bonds at 11%

RTS introduces futures for Brent oil

FINANCIAL RESULTS

Retail lending growth tumbles in Sept amid liquidity crunch - official

VTB net profit down 30% in 9 mths

VTB-24 boosts assets 50%, earnings 14-fold in Jan-Sept

Gazprombank sees earnings fall 62% in Jan-Sept

Bank of Moscow increases assets 70% to over 1 trln rubles in 9 mths

Uralsib Bank posts 89 mln rubles in net losses for Q3

Uralsib Bank boosts RAS assets by 50% to 738 bln rubles in Jan-Sep

Promsvyazbank boosts RAS assets by 88% to 761 bln rubles in Jan-Sep

Nomos-Bank boosts IFRS net profit 94% to 2.8 bln rubles in H1

Russia’s Nomos Bank sees RAS net profit fall 26% to 3.3 bln rubles in Jan- Sept

Petrocommerce Bank lowers RAS net profit by 67% to 671 mln rubles in Jan-Sep

Bank Saint Petersburg boosts RAS assets 44% in 9 mths

Globex Bank boosts earnings 71.4% in Jan-Sept

APPOINTMENTS & RESIGNATIONS

MDM-Bank appoints DeltaCredit’s Kuzin chairman

SHAREHOLDER & BOARD MEETINGS

VEB to carry out seven projects for total of $2.5 bln

RATING ACTIONS

Moody’s lowers Soyuz Bank ratings

Fitch affirms Dalcombank ratings, outlook stable

FOREIGN FINANCIAL INSTITUTIONS

EBRD buys half of Russian oilfield service firm North Expedition’s $100-mln placement

TRENDS

Dollar gains 26 kopecks for week of Oct 6-10

GOVT DEBT MARKET SLIDES

RUSSIAN EUROBOND MARKET SINKS TO NEW LOWS

STOCK MARKET CONTINUES TO SEARCH FOR ROCK BOTTOM

RESULTS OF RUSSIAN STOCKS TRADING IN RUSSIAN TRADING SYSTEM

STOCK INDEXES

CIS AND THE BALTIC

UKRAINE

NBU ready to intervene to defend hryvnia

NBU prepared to support Ukrainian banks if necessary

NBU sees intl reserves fall 1.4% in Sept

Ukraine’s money supply grows 0.2% in Sept

Ukraine expands band of national currency’s exchange rate for 2008

Ukraine sees 1.1% inflation in Sept

IMF lowers Ukraine’s GDP growth forecast to 2.5% in 2009

Ukraine’s Prominvestbank suspends client services pending National Bank directive

BELARUS

Belarusian GDP up 10.6% in Jan-Sept – ministry

Belarusian inflation at 1%-1.2% in September – ministry

Belarusian gold, forex reserves shrink 1.5% in Jan-Sept

Belarus to up refinancing rate to 10.75%

Belarusbank postpones Eurobond issue

BTA Bank in Belarus expects double rise of its assets and income in 2008

Belarusian banks have sufficient liquidity - National Bank of Belarus

MOLDOVA

Moldova posts 0.6% inflation in Sept, 6.7% in nine months

KAZAKHSTAN

Kazakhstan’s gold and currency reserves up 2.5% in Sept, 29% since start of 2008

EDB gives $63 ml to Mercur Dom for timber project

Kazyna has sufficient liquidity to finance projects - Fund CEO

Kazakh government increases insured portion individual deposits in commercial banks by 600%

UZBEKISTAN

World Bank lends $68 mln to Uzbekistan for agriculture

AZERBAIJAN

Azerbaijan to see inflation of 12%-14% in 2009 – ministry

GEORGIA

World Bank lends Georgia $80 mln