October 1, 2010 marked the completion of the first stage of a merger under a single brand between three banks: Bank OTKRITIE, Bank Petrovsky and OTKRITIE Investment Bank. The ultimate aim of the merger is to provide Clients with the fullest and most convenient range of services.

The Bank expects to rank among the top three leaders on the local investment banking services market in terms of business scale.

OTKRITIE Bank currently has a footprint in 42 cities and 32 of the most economically developed regions of the Russian Federation. The Bank has some 138 outlets in St. Petersburg, which deliver the full array of banking services.

The Bank’s universality is its key competitive edge, i.e. the ability to combine classical banking services with investment banking solutions. Furthermore, a client-oriented approach was selected as the key driver for achieving business expansion.

The main shareholder of OTKRITIE Bank is OTKRITIE Financial Corporation, one of Russia’s leading banking groups, which offers its clients and partners the full array of investment banking, commercial banking, brokerage and investment management services.

About the BANK