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March 16, 2009

TRUST National Bank (OJSC) connects to the CyberPlat® payment system

A large Russian retail bank – Open Joint Stock Company, TRUST National Bank – has connected to the CyberPlat® payment system. TRUST National Bank is a strategic bank and ranks among the thirty largest financial institutions in Russia (according to the Central Bank of the Russian Federation). It has an extensive sales network. At the moment the TRUST National Bank (OJSC) is represented in 60 provinces and 170 cities of the Russian Federation. The bank has more than 200 points of presence.

Within the framework of cooperation with the CyberPlat® payment system the clients of the TRUST National Bank have an opportunity to carry out payments without charging a commission in favour of the operators of mobile and fixed-line telecommunication, commercial television, Internet providers and other services, using the network of more than 500 ATMs of the Bank throughout Russian. TRUST National Bank expands the range of the rendered retail services using the process solutions and capability of the CyberPlat® payment system.

Introduction of the payment acceptance service using the CyberPlat® payment processing system expands the range of services provided by the Bank and predetermines the implementation of fully functional self-service mini-offices for our clients,”  — the managing director of the “Retail business” unit in TRUST National Bank (OJSC), Elena Rechkalova observes.

Consolidation of the TRUST National Bank (OJSC) and CyberPlat® payment system promotes the scale growth of its retail business and increases its appeal to the clients. Over a period of many years, the CyberPlat® payment system has been a reliable partner to the steadily growing number of Russian retail banks thanks to providing new potential of developing business and products for clients,”  — the Executive Director of the CyberPlat OJSC, Vladimir Kuznetsov stated.

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CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure online document interchange. The company’s product CyberPlat®, the universal multibanking integrated internet-payment system, is the absolute leader in the payment acceptance market. Currently, the CyberPlat® cash acceptance network consists of approximately 370,000 points of sale, accepting cash payments for the benefit of the leading telecommunication service providers, commercial television and numerous service providers nation-wide, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The total turnover of the system comprised 120.7 billion rubles (or 4.74 billion US dollars) in 2007. The CyberPlat electronic payment processing system is the member of GSM World Association. The company passed the operational health check with KPMG in compliance with the SAS-70 international standard. BDO Unicom is the official auditor of CyberPlat®.

TRUST National Bank (OJSC), License 3279 of the Central Bank of Russia, operates since 1995. Nowadays the TRUST National Bank offers the full range of retail banking services, small and medium business credit services, corporate, cash services etc. In November 2007 the Merrill Lynch bank purchased about 10% of the TRUST bank holding company’s shares. In November 2008 majority shareholders of the TRUST banking group declared about finishing the consolidation of the TRUST Investment Bank and TRUST National Bank which was announced more than a year ago. The united bank kept the name of one of the group’s commercial banks - the TRUST National Bank. As a result of consolidation of the two banks, the assets of the TRUST National Bank comprised 86 bln. rubles and the owner capital – more than 14 bln. rubles (according to the International Financial Reporting Statements). The TRUST National Bank is a participant of the private persons’ deposit state insurance system, as well as a full member of the Visa International and MasterCard International payment systems and one of the Russia’s largest international pay card issuers. In 2008 the system of risk-management of the TRUST National Bank received the highest estimation from the Expert rating agency in the «Management of risks in Russia-2007» rating: A.rm

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