AS PrivatBank signed a EUR 5,000,000.00 Facility Agreement

On 15 May 2008, AS "PrivatBank", Riga, signed a EUR 5,000,000.00 Facility
Agreement with BAYERISCHE LANDESBANK, Munich. The facility agreement is fully
guaranteed by the parent bank of AS “PrivatBank” - Closed joint-stock company
commercial bank “PrivatBank” (Ukraine). 

Summary Details of the Transaction:
Borrower:	AS “PrivatBank”, Riga, Latvia
Guarantor: Closed joint-Stock company commercial bank “PrivatBank”, Ukraine
Amount:	EUR 5,000,000
Term:	12 months 
Margin:	0.85 % p.a.
Repayment:	Bullet
Status:	Bilateral 

The Borrower in Brief:
AS "PrivatBank" (former AS “PARITATE BANKA”) was established in 1992 and is one
of the oldest banks in Latvia. 
AS “PrivatBank” is a universal commercial bank and provides a wide range of
banking services to its retail and corporate clients including deposit taking,
granting loans, cash settlement, foreign exchange, and other banking services. 
According to the result of 2007 the consolidated profit of AS “PrivatBank” has
reached EUR 1.68 million and exceeds the bank's results of 2006 by more than
11%. In 2007 AS “PrivatBank” continued to increase its capital - by 121% up to
EUR 21.35 million, as well as assets by 29% up to EUR 192.4 million. As of
January 1, 2008 the credit portfolio made up EUR 132.8 million which by 60%
exceeded the figure of January 2007. 

Deposits of individuals with AS “PrivatBank” have increased by 11.4% in amount
up to EUR 29.8 million in 2007. 


The bank offers a wide range of services to both private and corporate clients
in Latvia and abroad. 
The bank's strategy consists of three directions: retail business - to expand
the branch network; to service Ukrainian natives abroad; to service import -
export money flows from the ex-SU countries to EU countries. 

For further information please do not hesitate to contact:

AS “PrivatBank”
Attention: Mr. Olexandr Mekekechko
4 Terbatas Street, Riga, LV-1134  Latvia
Direct Fax:  +371 7282 981
Alexander_Mekekechko@privatbank.lv

BayernLB
Attention: Team 7153 Operational Service
Brienner Straße 18 D-80333 Munich Germany
Facsimile: +49 89 2171 23987
AS PrivatBank signed a EUR 5,000,000.00 Facility Agreement with BAYERISCHE LANDESBANK
