1. Presentation
October 2010 1 1

2. Overview 2

3. Key Investment Highlights
Extensive distribution network in Moscow and key Russian regions
Improving outlook for Russian economy and banking sector with long-term growth story intact
Track record of strong support from the City of Moscow – the Bank’s largest shareholder and Russia’s wealthiest municipality
Leading and progressively strengthening Russian banking franchise: #5 by net assets and loan portfolio, #3 by retail deposits*
Solid earnings generation with positive profitability sustained even through crisis
Diversified business model spanning corporate, retail, private banking and asset management
Investment grade credit ratings that are among highest for Russian banks
Strong risk profile and balance sheet with relatively low NPLs, conservative provisioning, high collateral and high capital adequacy
* Source: Kommersant Dengi Magazine(№37) figures as of July 1, 2010 3

4. Bank of Moscow at a Glance
Ratings
Moody’s
S&P
Fitch
Bank of Moscow
Baa1 (Negative)
n/a
BBB- (RWN)
Russia Sovereign
Baa1 (Stable)
BBB (Stable)
BBB (positive)
Top-5 Russian bank by net assets, capital and loan portfolio**
Top-3 deposit taker**
Controlled and historically supported by the City of Moscow
Wide range of banking services, including corporate and retail lending and deposit services, private banking, investment banking and asset management
The Bank serves more than 9.5 mn retail and more than 100,000 corporate and public sector customers
Key Performance Indicators*
(RUB bn, %)
FY 2007
FY 2008
FY2009
H12010
Assets
528,086
801,385
825,144
852,689
Equity
48,595
67,650
86,596
92,583
Deposits
350,646
406,541
428,029
489,900
Net Loans
351,622
516,564
534,490
572,188
Tier I CAR
10.4%
9.5%
12.8%
12.3%
Total CAR
14.8%
13.9%
18.9%
17.8%
Net Profit
10,046
6,978
717
6,027
ROE (%)
22.6%
11.8%
0.9%
13,5%
ROA (%)
2.0%
1.0%
0.1%
1,4%
* Source: Bank of Moscow IFRS Consolidated Financial Statements as at June 30, 2010
** Source: Kommersant Dengi Magazine(№37) figures as of July 1, 2010 4

5. Branch Network 5 Moscow-based with Wide geographical reach
136 offices and sub-offices and 474 desks at postal offices in Moscow and Moscow Region*
As at June 30, 2010 the Group operates 70 regional branches which supervise a further 69 full-service sub-branches and 112 sub-branches providing retail services and 6 cash offices located in the territory of Russia*
With total 393 outlets throughout the country – presence in 60 regions*
Foreign subsidiaries in Belarus, Latvia, Estonia, Ukraine, Serbia and Representative office in Frankfurt
United States of America
Estonia
Petrozavodsk
Arkhangelsk
Kaliningrad
Vyborg
St. Petersburg
Vologda
Kirov
Yaroslavl
Tula
Kursk
Rostov-on-Don
Krasnodar
Sochi
Vladikavkaz
Astrakhan
Orsk
Orenburg
Samara
Saratov
Voronezh
Nizhny Novgorod
Cheboksary
Berezniaki
Perm
Izhevsk
Yekaterinburg
Tyumen
Moscow
Omsk
Tomsk
Kemerovo
Novosobirsk
Novokuznetsk
Kransnoyarsk
Irkutsk
Ulan-Ude
Vladisvostok
Khabarovsk
Yuzhno—Sakhalinsk
Petropavlovsk— Kamchatsky
“Moscow-Minsk” (Minsk)
“Zarechye” (Kazan)
“Latvian Businessbank”
(Riga)
Poland
Byelorussia
Latvia
Finland
Norway
Ukraine
Turkey
Iran
Kazahkstan
China
Japan
Russian Federation
Regional Branches
Subsidiary and Affiliate Banks
“BM Bank” (Kiev)
Barnaul
Maykop
Belgorod
Stavropol
“Eesti Krediidipank”
(Tallin)
Orel
Volgograd
Ufa
Yakutsk
Velikiy Novgorod
Lipetsk
Kazan
Syktyvkar
Kovrov
Chelyabinsk
* Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2010 5

6. Macroeconomic and Industry Environment6

7. GDP Growth, Fiscal and Monetary Position
Economy and Growth
Real GDP Growth vs. Peer Countries
Oil Price and Foreign Reserve
Monetary Indicators
Source: CBR historical data for Foreign Reserve, Economist Intelligence Unit other indicators 7 7 7

8. Business Overview 8

9. Business Overview Bank of Moscow’s Market Position 9
Top Russian Banks by Total Assets (RUB, bn)
Top Russian Banks by Retail Deposits (RUB, bn)
7552
4048
Top Russian Banks by Capital (RUB, bn)
Top Russian Banks by Loan Portfolio (RUB, bn)
1136
5 278
Source: Kommersant Dengi Magazine(№37) figures as of July 1, 2010 9

10. Business Overview
Bank of Moscow is among the highest rated in the Russian banking sector A2 A A3 A-
Baa1
BBB+
Baa2
BBB
Baa3
BBB-
Ba1
BB+
Ba2 BB
Ba3
BB- B+
Source: Senior Unsecured Eurobond Ratings 10

11. Business Overview Shareholder Structure
OJSC “GSM Investments” 3.16%
The City of Moscow has been the largest shareholder of the Bank since it was established in 1995
Combined stake of the City of Moscow in the Bank’s share capital is 63.8%, including 46.48% stake of the Property Department of the City of Moscow and 17.32% stake of Stolichnaya Strakhovaya Gruppa, which in turn is controlled by the City of Moscow and the Bank of Moscow Group
The City has participated in all of the Bank’s 14 equity issues
Mr. Andrey Borodin, Chairman of the Management Board, and Mr. Lev Alaluev, Deputy Chairman of the Board of Directors, indirectly jointly control 20.32% of the Bank
LLC “GSM” 3.25%
Others 2.82%
Credit Suisse International 2.77%
Goldman Sachs International 3.88%
Beneficial Ownership of Mr. Borodin and Mr. Alaluev
20.32%
Property Department of the City Moscow
46.48%
Controlled by the City of Moscow
OJSC Stolichnaya Strakhovaya Gruppa
17.32%
Source: Bank of Moscow 11 11

12. Capital Base* (RUB bn, %)
Business Overview
Capital Adequacy
Capital Adequacy
Capital Base* (RUB bn, %)
BoM has a strong capital position
As of June 30, 2010 the Bank’s total capital ratio (Basel 1 Accord) was 17.8%, and Tier 1 ratio was 12.3%*
The Bank has been proactively increasing its capitalisation:
On July th issue was successfully registered with the CBR and boosted the capital of the Bank by RUB 21.7bn.
Well honored Goldman Sachs and Credit Suisse Group AG have acquired stakes respectively in the Bank of Moscow. The value of both shares was about RUB 12bn.
In July 2009 BoM raised RUB 20bn in its 13th additional share issue
On October 15, 2009 Vnesheconombank (VEB) extended a 10-year subordinated loan to the Bank for RUB 11.1bn
min 8% (Basel 1 Accord)
* Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2010 12

13. Corporate and Investment Banking Asset Management & Private Banking
Business Overview
Main Business Lines
Retail Banking
Corporate and Investment Banking
Current and deposit accounts
Loan services
Mortgages
Debit and credit cards
Money transfers
Internet and telephone banking
Internet trading (“Mos-broker”)
Corporate lending
Syndicated loans
Trade finance and guarantees
Foreign trade and exchange operations
Debt Capital Markets (Local and International)
Payment and account services
Securities trading
Precious metals
Depositary services
Underwriting
Research
Asset Management & Private Banking
Private asset management services
Fund management services
Mutual and pension funds
Private Banking 13

14. Business Overview Business and Operating Strategy 14 Businesses
Focus on acquiring new customers and developing relations with existing ones
Continue servicing all client segments, yet pay particular attention to strengthening presence in SME segment
Build customer relationships and increase cross-selling, including investment banking products
Corporate & Investment Banking
Businesses
Retail Banking
Leverage strong retail brand and branch network
Continue developing lending and deposits products
Target high net worth individuals, while seeking to provide product diversity and service quality in line with best international practices
Private Banking & Asset Management
Emphasis on raising effectiveness of risk management
Control over the quality of the loan and securities portfolios
Credit risk diversification and strengthening of underwriting standards
Prudent Risk Management Policy
Business Efficiency and
Market Positions
Increase business efficiency
Maintain leading positions in the national banking industry
Maintain tight control over costs and expenses
Operational
Branch Network
Retain and strengthen positions in the regions
Use the regional network to diversify client and risk concentration
Short-term focus on efficiency improvement of existing network, over medium-term potentially resume network organic growth
FOCUS ON MAINTAINING LEADING POSITION AS TOP 5 RUSSIAN BANK AND IMPROVING EFFICIENCY, PROFITABILITY AND CURRENT FRANCHISE 14

15. Business Overview Corporate and Investment Banking 15
Deposits and Accounts of Legal Entities** (RUB bn)
Over 100,000 corporate clients*
Focus on strategically important sectors of Russian economy
Corporate banking dominates the asset side of the balance sheet
SME – strategically important sector
Involvement in financing of the key projects of the City of Moscow
Increasingly active in trade financing
Developing of investment banking services, including underwriting, debt issuance, research
The amount of Deposits and Accounts of legal entities total for RUB 302,9bn as of June 30, 2010**
250,6
52.6%
55.6%
9.1%
10.5%
7.7%
17.9%
44.0%
36.9%
46.6%
Loan Portfolio to Legal Entities**
281.5
416.4
46.9%
45.7%
6.1%
0.9%
1.5%
0.8%
* Source: Bank of Moscow
** Source: Bank of Moscow IFRS Consolidated Financial Statements as of June 30, 2010 15

16. Business Overview Retail Banking 16 Overview
Retail Loan Portfolio** (RUB bn)
No. 3 retail deposit taker in Russia*
RUB bn of term deposits and current accounts as of June 30, 2010**
Approved by CBR to participate in the Deposit Insurance System, authorized bank of the Deposit Insurance Agency to manage retail accounts of the banks with withdrawn licenses
Over 9.5 mn retail customers as of September 1 , 2010***
14.4 mn plastic cards as of September 1, 2010
RUB bn – retail loan portfolio (gross) as of June 30, 2010**
Wide range of retail services, including Muscovite Social Cards - a combination of a bank debit card, an ID, an insurance identification card and public transportation travel card for Muscovites
As at September 1, 2010, BoM had 1,845 ATMs in operation
Advanced Internet and Telephone banking
15,4%
3,8%
2,9%
5,7%
Retail Deposits and Accounts** (RUB bn)
Retail Loan Portfolio Breakdown** (H12010)
Scoring loans 1,4%
Credit cards 7,8%
Car Loans 9,8%
Mortgages
31,6%
Consumer Loans
49,1%
* Source: Kommersant Dengi (№37) figures as of June 30, 2010
** Source: Bank of Moscow IFRS Consolidated Financial Statements as of June 30, 2010
*** Source: Bank of Moscow 16

17. Business Overview Bank of Moscow’s Loan Portfolio 17
Loan Portfolio Breakdown by Industry Sectors*
Loan portfolio is diversified by industries and geographically, which is in line with the credit risk management approach
Over 50% of the Group’s loan book is concentrated in Moscow and the Moscow region
Related-party lending, which includes lending to municipal entities of the City of Moscow, accounted for 5.8% of the Group's gross loan portfolio as at June 30, 2010*
Loan portfolio is dominated by loans in local currency. Loans in foreign currencies account for 34.2% of total loans to customers**
Agriculture and fishing 0,4%
Others 6,4%
State Agencies 3,6%
Food Industry 2,3%
Corporate Loans 88%
Individuals 13,3%
Transport & Comms 5,1%
Metallurgy 2,4%
Fuel& Energy 8,6%
Financial & Other Services 26,2%
Trade 8,0%
Construction 13,7%
Manufacturing 10,0%
Loan Portfolio Breakdown by Currency* (1H2010)
EUR 4,4%
Other 3,8%
USD 26,0%
RUB 65,8%
* Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2010
** Source: Bank of Moscow 17

18. Business Overview Bank of Moscow’s Loan Portfolio (Cont’d) 18
Overdue Loans and Allowance for Loans Losses
Client Concentration: Twenty Largest Borrowers (RUB bn)
As of June 30, 2010 the provisions totalled RUB 52.2 bn,
As of June 30, LLPs comprised 8.4% of the loan portfolio compared to 7.5% as of December 31, 2009
NPLs accounted for 4.2% of the Group’s gross loan portfolio
The NPLs are 2.0 times covered by provisions
The Bank’s loan portfolio increased by over 8%
Concentration of top 20 borrowers in the total loan portfolio is 26.7% as at June 2010
The loan portfolio 1.76 times over-collateralised as at June 30, 2010
Source: Bank of Moscow, IFRS Consolidated Financial Statements as of December 31, 2009 and June 30, 2010 18

19. Business Overview
Conservative Credit and Market Risk Policies in Place
Vertically integrated risk management system implemented throughout the Bank, including regional branches, with the CRO reporting directly to the Bank’s CEO and the Management Board
Credit Committee, Small Credit Committee and Mortgage Committee are authorised to make independent lending decisions
Centralized decision making on issuance of retail loan products and SME
Credit Risk
Based on recommendations and requirements of CBR, Basel Committee and auditors
Single borrower/economic group limits
Product type/geographic/industry concentration limits
Ongoing monitoring of borrower’s conditions and collateral
Centralisation of underwriting standards to address the crisis
Interest Rate Risk
Measured via gap and interest rate sensitivity models
Also employ stress testing and scenario analysis techniques
Currency Risk
Limited open foreign currency position, stop-loss, country and borrower limits
Centralised control over exchange rates in currency operations
In accordance with CBR regulations, currency risk exposure cannot exceed 20% of the Group’s equity in all currencies
Currency position is controlled by the CBR on a daily basis
Liquidity Risk
Managed with the aid of scenario analysis, simulative, optimising and predictive modelling
Strict CBR controls on instant (N2) and current (N3) liquidity standards
Monitored on a daily basis 19

20. Business Overview
International and Local Capital Markets Funding History
Issued Sep-2004
US$250mn
Due 2009
Issued May-2005
US$300mn
Due 2010
Issued May-2006
US$500mn
Due 2013
Issued Nov-2006
RUB 5,000mn
Due 2009
Issued Mar-2008
CHF 250mn
Due 2011
Issued Mar-2010
US$750mn
Due 2015
Issued Sep-2010
CHF 350mn
Due 2013
Eurobonds
Issued Nov-2005
US$300mn
Due 2015
Issued May-2007
US$400mn
Due 2017
LT2 Debt (Subordinated Eurobonds)
Issued Feb-2008
RUB 10,000mn
Due 2013
Issued Aug-2008
RUB 10,000mn
Due 2011
Local Bonds
Issued May-2006
US$400mn
Due 2009
Issued Nov-2006
US$500mn
Due 2008
Issued Mar-2007
US$105mn
Due 2010
Issued Nov-2007
US$600mn
Due 2010
Issued May-2008
US$220mn
Due 2009
Issued Jan-2009
US$30mn& €105mn
Due 2011
Issued Dec-2009
US$350mn
Due 2011
Syndicated Loans
Repaid
Within 5 years ( ) the Bank of Moscow raised equivalent of USD 4.6bn and RUB 25bn from the international and local capital markets 20

21. Financial Overview 21

22. Financial Assets (RUB bn)
Financial Overview
Overview of Assets and Liabilities
Assets
Financial Assets (RUB bn)
Assets well-balanced in terms of risk-return profile
Portfolio of securities mostly issued by federal and municipal government agencies and leading Russian corporate in accordance with conservative risk policy
Fixed-income instruments dominate trading securities portfolio
Over-collateralized loans to customers portfolio
735
686
473
343
Liabilities
Liabilities (RUB bn)
Strong and relatively stable deposit base has always been one of the key advantages of the Bank
As of June 30, 2010, customers accounts comprised 64.4% of the Bank’s liabilities
Customer accounts increased approximately 14.5% for the first half of 2010
Reliance on wholesale financing is currently low
Access to variety of liquidity facilities
734
739
Distribution of assets:
Treasury business: 19%
Corporate business: 63%
Retail business: 14%
Non-banking org. :0.9%
Non-allocated: 3.1
480
350
Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2010. 22

23. Financial Overview
By Customer Type*
Composition of Client Deposit Portfolio
Other commercial legal entities 31.3%
Current / Demand Accounts 29,8%
Individuals 38,2%
Term Deposits 70,2%
State-owned organisations 9.2%
Funds of Federal budget, municipal and regional funds, funds of legal entities and individuals
Growth in Deposits*(RUB bn)
Diversified deposit base including funds of federal budget, regional and municipal funds, funds of legal entities and individuals
The Bank is authorised to tender for budget funds of the City of Moscow along with several other banks
* Source: Bank of Moscow, IFRS Consolidated Financial Statements as of 30 June, 12010 23

24. Financial Overview 24 Operating Income (RUB bn)
2007
2008
2009
1H2010
1H2009
Net interest income
19.11
28.4
31.3
20.2
13.5
Net fee and commission income
4.3
5.8
5.5
2.5
3.8
Gains less losses arising from trading securities & exchange operations
1.6
(3.7)
9.5
2.2
2.3
Provisions charge for loan impairment
(2.5)
(9.0)
(30.4)
(11.4)
Profit before taxation and minority interest
13.2
8.2
1.3
8.4
1.1
Net profit
10.0
7.0
0.7
6.0
0.66
Basic earnings per share (EPS)
69.18
50.76
4.81
38.09
4.73
Cost to Income Ratio* (RUB bn, %)
Selected Profitability Ratios*
*Source: Bank of Moscow IFRS Consolidated Financial Statements as of June 30, 2010 24