GAZPROMBANK MULLS OPENING OR BUYING BANK IN ARMENIA

Prime-Tass English-language Business Newswire
August 2, 2007 Thursday 3:52 PM EET

Russia’s Gazprombank is considering opening a representative office
or buying a bank in Armenia, a banking source told Prime-Tass Thursday.

Gazprombank has stopped negotiations to buy a bank in Ukraine, the
source said.

The bank’s Deputy CEO Alexander Sobol said in February that Gazprombank
was considering acquiring a bank in Ukraine.

At present, Gazprombank has a stake in Belarus’ Belgazprombank and
owns a representative office in Beijing.

Gazprombank is the banking arm of Russia’s natural gas monopoly
Gazprom.
From: Baghdasarian