Mediamax, Armenia
Feb 2 2007

National Bank of Ukraine (NBU) ranked Armenia among the states of the
third group of risk

Yerevan, February 2 /Mediamax/. The National Bank of Ukraine (NBU)
ranked Armenia among the states of the third group of risk.

Mediamax reports referring the Ukrainian media that the NBU ranked
the countries to eight groups of risk, and the given information
should be taken into consideration by the Ukrainian banks while
forming reserves under credit risks.

According to the research of the NBU, Russian and Kazakhstan fall
into the second group of risk, Azerbaijan and Armenia – the third,
Georgia and Turkmenistan – fourth.

NBU proves its research results by the data of the international
rating agencies.