31st May 2010 «Rus-Rating» agency assigned a credit rating to the «Millenium Bank»  (Moscow): rating «ÂÂ -», forecast «stable»

According to a senior analyst of the "Rus-Rating" agency, Victoria Belozerova the supporting factors for this condition of the bank are: image support of the bank by OJSC "RR", stable relationship with a range of departments, dependent companies and contractors of OJSC "RR", the high level of capitalization, lack of dependence of current liquidity of the interbank and stock markets. Factors constraining the rating are: the concentration of business in a small number of companies of the transport industry, the high political risks, depending on large state-owned OJSC "RR", uncertainty about the capacity of the beneficiaries of financial support from the Bank.

Brief Bank Characteristic:

«Millenium Bank» – small-sized private-sector Moscow bank,; according to official data, the controlling shareholder of the bank since 2008 is the largest contractor of a major state-owned company OJSC "Russian Railways" (RR) Private Group of Companies "SK MOST", including minority shareholders of the bank - a few heads of the bank. The Board of Directors of the bank is headed by Vice-President of OJSC "RR" Oleg Toni, the position of the Chairman of the Board is Adviser to the President of OJSC "RR" Mikhail Baidakov. Audit Committee of the bank is headed by a member of the Federation Council, advisor to the President of OJSC "RR" Sergei Scheblygin. The basis of the bank's operations - service of structural units, affiliates and contractors of OJSC "RR".

CJSC "Rus-Rating" - an independent, national rating agency, created in 2001, accredited by the SRO National Securities Market Association. "Rus-Rating" is included in the list of national rating agencies, ratings of which are applied by the Bank of Russia to assess the creditworthiness of credit institutions. CJSC "Rus-Rating" is a member of the rating group GlobalRating, which also includes the agency KzRating (Kazakhstan), AmRating (Armenia) and AzeriRating (Azerbaijan). The main activities of the Agency - the award of credit ratings to banks, leasing and industrial companies, as well as debt obligations; preparation of analytical reviews of the various segments of the financial market in Russia.