Dear shareholders, partners and colleagues,
Commercial bank ENERGOTRANSBANK finished 2007 with noteworthy financial indicators
which we have the honor of presenting to you in this report. In the financial year, the Bank managed
not only to keep its leading position in traditionally important activities, but also to find success in new
market sectors which allow a very positive outlook on the future.
This year, the position of the Bank in corporate business services strengthened: turnover and
balances in customers’ accounts have increased substantially, the customer base has grown, and new
bank products and provisions have been designed which ensured quality of services and comfort for
customers.
The Bank had distinctive achievements in the highly prospective sector of plastic cards. In
2007, the number of active card users at ENERGOTRANSBANK grew by one and a half, and Bank
profits from salary payment programs were 7 times higher.
Due to the increase of customers’ income and savings, one of the priorities has remained
providing services to individuals. In 2007, the staff of ENERGOTRANSBANK implemented new
Russian banking programs – “Gorod” (“City”)-a federal system, and a cooperative loyalty program
called “Zolotoy Bonus” (“Golden Bonus”). Moreover, the Bank widened its range of services in the
field of international funds transfers and in bank-managed funds. Individual operations with precious
metals increased substantially.
In its operation, CB ENERGOTRANSBANK aims for exceptional financial results, the highest
in customer services and improving the Bank’s already solid reputation as a reliable financial partner.
In the present competitive environment, designing new bank products is a complicated task, but
impeccable service and reliable reputation is something that distinguishes ENERGOTRANSBANK
from other depository institutions.
In the long run, all our activities are targeted at establishing a strong financial institution able to
compete with Russian and foreign international leaders through market positioning and the ability to
focus on key objectives, a dynamic model of banking business able to react to challenges of the
competitive environment faster than the others, and, most importantly, by forming the best team in
corporate banking, constantly aimed at success. Commercial bank ENERGOTRANSBANK heartily
wishes each of its partners great personal and corporate capitalization, happiness, health and success!
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
1
COMMERCIAL BANK ENERGOTRANSBANK
Full name
Public joint stock company
Date of first registration in CB RF
27/12/1990
Registration number
1307
ОGRN (State registration number)
1023900000080
General license of CB RF # 1307 of 13/12/2005
1 233 333 193 (One billion two hundred and thirty three million three hundred
Authorized capital
and thirty three thousand one hundred and ninety three) rubles
INN (Identification tax-payer
number)
KPP (Industrial Enterprise
3906098008
390501001
Classification Code)
042748701
BIC
Codes of forms of federal state statistic monitoring
OKPO (All-Russian Classifier of
Businesses and Organizations)
ОКFS (General Index of Forms of
Incorporation)
22881700
16
ОКОGU (National Classifier of
15001
Government Entities and
Administration)
ОКАТО (All-Russian Classifier of
Political Subdivisions)
ОКОPF (All-Russia Classifier of
Forms of Ownership)
ОКVED (Russian National
Classifier of Economic Activities)
27401368000
47
65.12
CB “ENERGOTRANSBANK” branches:
 2 branches (Moscow, Sovetsk)
 19 operating cash desks
 1 Bureau de exchange
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
2
Licenses:
-
General license for performing banking operations #1307 of December 13, 2005
-
License for performing precious metals operations # 1307 of December 13, 2005
-
License of a professional participant of the security market for securities management unlimited validity period
#039-07165-001000 of 26/11/2003.
-
License of a professional participant of security market for performing custody business #039-04153-000100 of
December 20, 2000.
-
License of a professional participant of security market unlimited validity period for performing dealer activities
#039-03840-010000 of December 13, 2000.
-
License of a professional participant of security market unlimited validity period for performing brokerage activity
#039-03779-100000 of December 13, 2000.
ENERGOTRANSBANK is:

a user of the international information dealing system Reuters (DEALING—2000);

a member of international transfer accounting system Society of Worldwide Interbank Financial
Telecommunications (S.W.I.F.T.);

a member of Moscow and Saint Petersburg Interbank Monetary Exchange;

a professional participant of the security market;

a nominal shareholder of RАО «ЕES Russia», PJSC;

a participant of international money transfer systems including Western Union, MoneyGram, Leader, Migom,
Contact, Anelik, Zolotaya Corona;

an authorized member of the cash remittance system of MasterCard International;

a member of the Russian payment system «Zolotaya Corona»;

a member of the endowment insurance system (Certificate of filing the Bank in the Register of banks-members of
endowment insurance system # 625 of February 10, 2005).

A participant of the Register of banks able to act as a guarantor with the Customs authorities. (Notification #109 of
01/10/2007 of Federal Customs Agency of Russia).
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
3
BOARD OF DIRECTORS OF THE BANK
Names
Position
Number of shares
CV
of the Bank
owned,
% of AC
Vladimir
Chairman of the
1680 shares
Date of birth: 1949
Ivanovich
Board of
0,00014%
Education: Higher
Scherbakov
Directors of the
Work experience:
Bank
1989 – 1991 – Chairman of Goscomtruda of USSR
1991 – 1992 – First Under-Secretary of Prime Minister of USSR
Since 1991 – President of International Fund «Interprivatizatsia»
Chairman of the Board of Directors of group of companies
«Avtotor»
Igor
Member of the
0,00 %
Date of birth: 1959
Dmitrievich
Board of
Education: Higher
Ivanov
Directors of the
Work experience:
Bank
1989 – 1992 – Director of NPKT «ТОR»
Chairman of the
1992 – 1993 – Director «Method», closed corporation
Management
1993 – 1994 – President of JSCB «MicroBank» (Joint Stock
Board
Commercial Bank)
1994 – 1998 – Deputy Chairman of Management Board of CB
«Roscomveteranbank»
1998 – 1999 – Deputy Chairman of Management Board of CB
ENERGOTRANSBANK
Since 1999 – Chairman of Management Board of CB
ENERGOTRANSBANK
Vladimir
Member of the
0,00 %
Date of birth: 1935
Alexandrovich
Board of
Education: Higher
Durasov
Directors of the
Work experience:
Bank
1986 – 1989 – Minister of Nonferrous metal industry of USSR
1989 – 1991 – First Deputy Chairman of Gosplan of USSR
1991 – 1992 – First Under-Secretary of Minister of Economic
Affairs of USSR
Since 1992 – Director of International Fund « Interprivatizatsia »
1999 – 2006 – Counselor of Director General of «Narodny Fond»,
OJSC
Alexandr
Member of the
0,00 %
Date of birth: 1952
Evgenyevich
Board of
Education: Higher
Sorokin
Directors of the
Work experience:
Bank
1996 – Chief Designer of «Mashinvest», CJSC
1997 – Director of engineering technical centre – design manager of
«Avtotor», CJSC
1998 – Engineering Director – director of ETC «Avtotor», CJSC
2001 – Deputy Director General - Engineering Director of «AvtotorHolding», OJSC.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
4
2003 – Director General of «Avtoror-Engineering», LTD..
2003 – 2007 – Director General of «Mashinvest», CJSC
2005 – Director General of « AVTOTOR-Holding», LTD..
2007 – Director General of «AVTOTOR – TECHNOLOGIES AND
DEVELOPMENT», LTD..
Pavel
Member of the
18 900 shares
Date of birth: 1930
Ivanovich
Board of
0,00153%
Education: Higher
Zhikharev
Directors of the
Work experience:
Bank
until 1994 – President of Sberbank of RF
1994 – 2006 – Counsellor of Director General of "Narodny Fond",
OJSC
Mikhail
Member of the
0,00 %
Date of birth: 1942
Borisovich
Board of
Education: Higher
Turkin
Directors of the
Work experience:
Bank
1998 – Chief Engineer of Moscow representation of «Аvtotor»,
CJSC
1999 – Development Director of «Аvtotor», CJSC
2001 – Deputy Director General – director of development
«Avtotor-Holding», OJSC
2003 – First Deputy Director General – Engineering Director of
«Avtoror-Engineering», LTD..
2003 – First Deputy Director General – Engineering Director of
Moscow representation of «Avtotor», CJSC
2005 – First Deputy Director General – Engineering Director
«Avtotor Group», LTD..
2007 – First Deputy Director General – Engineering Director
«AVTOTOR – TECHNOLOGIES AND DEVELOPMENT», LTD..
Petr
Member of the
0,00 %
Date of birth: 1930
Makarovich
Board of
Education: Higher
Katsura
Directors of the
Work experience:
Bank
1969 – 1985 – Deputy Director General of PA «АvtoVAZ»
1985 – 1992 – Head of Department of Sovmin USSR
since 1992 – Vice-President of International Fund
«Interprivatizatsia»
1999 – 2006 – Director General of « Narodny Fond», OJSC
Nickolay
Member of the
0,00 %
Date of birth: 1948
Nickolaevich
Board of
Education: Higher
Utkin
Directors of the
Work experience:
Bank
1991 – Deputy CEO of «International Fund of Assistance of
Privatization and foreign Investment», Closed Enterprise (later
«International Fund of Investment and Privatization», CJSC)
2005 – Director General of «International Fund of Investment and
Privatization», LTD..
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
5
Valery
Member of the
0,00 %
Date of birth:1954
Mikhailovich
Board of
Education: Higher
Shashkov
Directors of the
Work experience:
Bank
1976 – 1998 - Master, Deputy Head of mechanical assembly
production, Deputy Head of Labour Management Dept., Deputy
Director of mechanical assembly production on economic affairs,
Deputy Head of Head Economic Management Department, Deputy
Director General on economic affairs АZLK
1998 – 1999 – Deputy Director on economic affairs Moscow
representation of «Аvtotor», CJSC
1999 – 2001 – Deputy Director on economic affairs - Head of
Economic Management Department " Avtotor-Holding ", PJSC
2001 – 2002 – Deputy Director on economic affairs - Head of
Economic Management Department of Moscow representation of
«Аvtotor », CJSC
2002 – 2003 – Director General of «Avtocapital – Invest», Ltd.
2003 – 2005 - Director General of «Avtocapital – Leasing», Ltd.
2005 – 2006 – Deputy Director on economic affairs of «Avtotor
group», Ltd.
с 2007 – Deputy Director on economic affairs of « Avtotor
Holding», Ltd.
MANAGEMENT BOARD
Names
Position
Number of shares
CV
of the Bank
owned,
% of AC
Igor
Chairman of the
0,00 %
Date of birth: 1959
Dmitrievich
Management
Education: Higher
Ivanov
Board
Work experience:
1989 – 1992 – Director of NPKT «ТОR»
1992 – 1993 – Director «Method», Closed Enterprise
1993 – 1994 – President of JSCB «MicroBank» (Joint Stock
Commercial Bank)
1994 – 1998 – Deputy Chairman of Management Board of CB
«Roscomveteranbank»
1998 – 1999 – Deputy Chairman of Management Board of CB
ENERGOTRANSBANK
Since 1999 – Chairman of Management Board of CB
ENERGOTRANSBANK
0,00 %
Date of birth: 1962 г.
Olga
First Deputy
Vladimirovna
Chairman of the
Education: Higher
Gorbatova
Management
Work experience:
Board
1992 – Chief Accountant of «Innovation-financial company
«Multi», Closed Enterprise
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
6
1992 – 1993 – Chief Accountant of Association of scientific
technical business and international cooperation «Ecomack»
1993 – 1994 – Chief Accountant of «Nickson», JSCB (Joint Stock
Commercial Bank)
1994 – Chief Economist of «Financial Company «Тrend», Closed
Enterprise
1994 – 1998 – Chief Accountant of CB «Roscomveteranbank»
с 1998 – Deputy Chairman of the Management Board of CB
ENERGOTRANSBANK
Svetlana
Deputy Chairman
0,00 %
Date of birth: 1950
Efimovna
of the
Education: Higher
Kononova
Management
Work experience:
Board
1981 – Head of PED of city branch of «Stroybank» Bank
1981 – 1987 – Head of Department of capital building financing and
loan of city branch of «Stroybank» Bank
1987 – 1990 – Head of Loan Department of Oktyabrsky office of
«Promstroybank» Bank
1990 – 1991 – Deputy Chairman of the Management Board of CB
ENERGOTRANSBANK
1991 – 1993 – Deputy Chairman of the Management Board of First
branch of CB «Investbank»
с 1993 – Deputy Chairman of the Management Board of CB
ENERGOTRANSBANK
Sergey
Deputy Chairman
0,00 %
Date of birth: 1971
Pavlovich
of the
Education: Higher
Soloviev
Management
Work experience:
Board
1993 – 1995 – Head of Currency Department of Kaliningrad FCB
«Ufabank»
1995 – 1996 – Economist of Currency Department of
ENERGOTRANSBANK
1996 – Economist of first category of Foreign relations Department
of ENERGOTRANSBANK
1996 – 1997 – Deputy Director of FCB « ENERGOTRANSBANK»
1997 – 1999 – Director of Rozhdestvensky
FENERGOTRANSBANK
с 1999 – Deputy Chairman of the Management Board of
ENERGOTRANSBANK
Sergey
Deputy Chairman
0,00 %
Date of birth: 1958
Leonardovich
of the
Education: Higher
Kokurin
Management
Work experience:
Board
1994 – Manager of Customer services of JSCB «Microbank»
1994 – Head of operational services of JSCB «Microbank»
1994 – 1996 – Head of Department of settlement and credit accounts
of Zelenogradsky branch of JSCB «Moscow Bank of Reconstruction
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
7
and Development » (АКB MBRR)
1996 – 1998 – Head of Operational Department of Zelenogradsky
branch of JSCB МBRR
1998 – 2004 – Deputy Director of Moskovsky FCB
ENERGOTRANSBANK
2004 – Deputy Chairman of the Management Board of
ENERGOTRANSBANK
Tatyana
Chief Accountant
Grigoryevna
of the Bank
Pankova
0,00 %
Date of birth: 1964
Education: Higher
Work experience:
1987 – Economist of Department of trade credit of Kaliningrad
region office of Gosbank USSR
1988 – 1990 – Economist of Oktyabrsky office of CB
«Promstroybank»
1990 – 1991 – Economist of the second category of
ENERGOTRANSBANK
1991 – 1993 – Expert of First Branch of CB «Investbank»
1993 – 1995 – Economist of the second category of
ENERGOTRANSBANK
1995 – 1997 – Deputy Chief Accountant of
ENERGOTRANSBANK
Since 1997 – Chief Accountant of ENERGOTRANSBANK
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
8
LIST OF SHAREHOLDERS AND SHARES OWNED
Name of the Shareholder
Shares in the
authorized capital
of the Bank (%)
Limited Liability Company "North-Western Fund of private investments"
8,8544 %
Limited Liability Company "Energofinance"
8,8544 %
Limited Liability Company "Geocapital"
8,8544 %
Limited Liability Company "Industrial investments"
8,8544 %
Limited Liability Company "Narodny fund"
8,8461 %
Limited Liability Company "International fund of investments and privatization"
3,0621 %
Limited Liability Company "INVESTRESERVE"
4,9995 %
Limited Liability Company «Aquatoria»
3,2219 %
Limited Liability Company «Carvent»
1,3860 %,
Total number of Shareholders of ENERGOTRANSBANK – 603 760
 Legal entities – 112
 Private persons – 603 648
The number of Shareholders of ENERGOTRANSBANK who own less than 1% of authorized capital of the Bank, –
603 751 Shareholders, total combined percentage of the authorized capital of ENERGOTRANSBANK – 43,0666%.
The percentage of ownership by legal entities (including private entrepreneurs) in the authorized capital of CB
«ENERGOTRANSBANK is 57,9304%.
Contact
COMMERCIAL BANK ENERGOTRANSBANK Public Joint-Stock Company
Registered address: 83-A Kinicheskaya Str., Kaliningrad, 236016, Russia
Notifications: 83-A Kinicheskaya Str., Kaliningrad, 236016, Russia
Telephone / fax (4012) 590099, (4012) 451938
E-mail:mail@energotransbank.com
Web-site: www.energotransbank.com, www.etbank.ru
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
9
BRANCHES OF THE BANK
Branches:
1. Sovetsky branch of Commercial Bank ENERGOTRANSBANK (Public Joint Stock Company), registration No.
1307/01.
Address: 9 Goncharova Str., Sovetsk, 238750, Kaliningrad region.
2. Moscovsky branch of Commercial Bank ENERGOTRANSBANK (Public Joint Stock Company), registration No 1307/4
Address: 3 Solyanka Str., building 3, 109028, Moscow.
Operating cash desks:
1.
83-A Klinicheskaya Str, Kaliningrad
2.
10 Gorkogo Str., Kaliningrad
3.
6/8 Leninsky prospect, Kaliningrad
4.
7-9 Leninsky prospect (“Europe” shopping centre), Kaliningrad
5.
137 Leninsky prospect, Kaliningrad
6.
61 Prospect Mira (“Sputnic shopping centre”), Kaliningrad
7.
10 Musorgskogo, Kaliningrad
8.
4 Ploschad Pobedy, Kaliningrad
9.
90/92 Proletarskaya Str., Kaliningrad
10. 1 Sovetsky prospect, Kaliningrad
11. 33/37 Sovetsky prospect, Kaliningrad
12. 1 Chernyakchovskogo Str., Kaliningrad
13. 3 Chernyakhovskogo Str., Kaliningrad
14. 74 b Chernyakhovskogo Str., Kaliningrad
15. 40/2 Chernyakhovskogo Str., Kaliningrad
16. 14 Gaidara Str., Sovetsk
17. 2a Goncharova Str., Sovetsk, Kaliningrad region
18. 1 Internatsionalnaya Str., Sovetsk, Kaliningrad region
19. 42 Prospect Pobedy, Sovetsk, Kaliningrad region
Bureau de exchange
 29A Octyabrskaya Str., Kaliningrad
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
10
Correspondent banks
As of 01/01/2008 correspondent banks of ENERGOTRANSBANK are:
in Russian Federation – 24 banks
overseas – 14 banks
Main correspondent accounts:
In RUR: # 30101810800000000701 in GRCC GU Bank of Russia in Kaliningrad region
On the territory of Russian Federation
Name of bank
1. SBERBANK OF RUSSIA
2. «RAIFFEISENBANK AUSTRIA»
CJSC
3. «VNESHECONOMBANK»
4. «BANK OF MOSCOW», PJSC
5. «ALPHA-BANK», PJSC
6. «DEUTSCHE BANK», LTD..
7. «RUSSLAVBANK», JSCB
8. «URALSIB», PJSC
9. BANK «VTB», LTD..
10. Bank «CREDIT MOSCOW»
11. JSCB «PROBUSINESSBANK»
(PJSC)
12. JSAC«METALLINVESTBANK»,
PJSC
13. МCB «EURASIA-CENTRE» (PJSC)
14. JSCB «FINPROMBANK»
15. ICB «Sudconbank»
16. CB «ANELIK RU» (LTD..)
17. Investment bank «TRUST» (PJSC)
18. «VNESHTORGBANK», PJSC
19. RNKO «Platezhny centre» (PJSC)
20. OSB of Kaliningrad № 8626
Currency
RUB; USD; EUR
BIC
044525225
Location
Moscow
RUB
044525700
Moscow
RUB, USD, EUR
RUB; USD
RUB; USD
RUB
RUB; USD; EUR
RUB; USD; EUR
RUB; USD; EUR
RUB; UAH
044525060
044525219
044525593
044525101
044552685
044525774
044525187
044583501
Moscow
Moscow
Moscow
Moscow
Moscow
Moscow
Moscow
Moscow
RUB; USD
044525986
Moscow
RUB; BYR
044585163
Moscow
RUB; USD; EUR
RUB
RUB
USD
RUB; USD; EUR
RUB; USD; EUR
RUB
RUB
044585188
044552695
044583641
044583616
044525703
044030733
045017785
042748634
Moscow
Moscow
Moscow
Moscow
Moscow
Saint-Petersburg
Novosibirsk
Kaliningrad
Overseas
Name of bank
Ost-West Handelsbank AG
Dresdner Bank AG
Commerzbank AG
Vilniaus Bankas AB
Kredyt Bank PBI SA
Raiffeisen Zentralbank
Osterreich
Aktiengeselischhaft AG
7. Norvik Bank
8. Parex Bankas
1.
2.
3.
4.
5.
6.
Currency
USD; EUR; GBP
USD; EUR
USD; EUR
Multicurrency account
USD; EUR
SWIFT
OWHBDEFF
DRESPEFF
COBADEFF
CBVILT2X
KRDBPLPW
RZBAATWW
Location
Frankfurt-am-Mein, Germany
Frankfurt-am-Mein, Germany
Frankfurt-am-Mein, Germany
Vilnius, Lithuania
Warsaw, Poland
EUR
Vienna, Austria
PLN; EUR; BYR; USD LATBLV22
Multicurrency account INDVLT2X
Riga, Latvia
Vilnius, Lithuania
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
11
MAIN RESULTS OF 2007
ENERGOTRANSBANK was founded in 1990 and is now one of the oldest commercial banks of Kaliningrad.
Years of dynamic operation and professional development the Bank has widened range of its activities and take a leading
position in Kaliningrad’s financial market. As a result, ENERGOTRANSBANK, as of 01/01/2008, is one of the largest
regional banks by financial indexes (internal funds, assets, currency balance), by number of brunches (19 operating cash
desks) and range of services provided.
In 2007, a positive dynamic was observed in operating indicators, connected with the increasing the Bank’s its
equity capital in December, 2006, thus making efficient use of growth potential.
The financial result of operations of ENERGOTRANSBANK for 2007 was 196 021 405 rubles, 50 kopecks.
Results of operating activities of the Bank kept pace with the overall growth in the domestic market for banking
services:
Indicator
On 01.01.2007,
On 01.01.2008,
Growth rate, %
000’s of rubles
000’s of rubles
Assets
4 804 157
6 479 638
1,35
Equity Capital (on 01.12.2006., 342 986
2 087 181
6,09
before the registration of an
additional emission on
29.12.06)
Revenues
1 021 137*
1 608 536
1,58
Revenues as a margin
416 772
583 481
1,4
Operating result from securities 100 368,1
147 438**
1,47
trading
Operating result from foreign
64 481,2
109 618
1,7
currency services
Other income
646 825
779 190
1,2
Credit portfolio
568 898
1 123 709
1,98
Deposits
342 147
414 742
1,21
Trading portfolio
140 036
242 345
1,73
*a one-time operation connected with the overvaluation of securities adds 502996 rubles to this figure.
** a one-time sale of Bank stock in the amount of 81 254 rubles is not included here.
The financial result of operations of ENERGOTRANSBANK for 2007 was 196 021 405 rubles, 50 kopecks.
After-tax, un-allocated (pure) profits of the Bank in 2007 totaled 138 797 193 rubles, 50 kopecks.
The average balance of loans in 2007 in comparison with 2006 grew by 534 807 thousand rubles, which provided
revenue growth of 70%.
Complex banking services, development of new services and the adoption of a client-oriented approach have
resulted in the expansion of the share of commission revenues in total operational revenues from 15% in 2006 to 25% in
2007.
In 2007, the Bank determined the main areas of investment of funds and formed its own structure for investing
through daughter companies: Closed-stock company Griffin and Griffin Investments ltd.
The sum of investments in stocks of the daughter companies, respectively, was 501 667 297 rubles, 89 kopecks and
500 100 000 rubles.
POSITION IN BANK SYSTEM OF THE RUSSIAN FEDERATION
ENERGOTRANSBANK is a universal bank providing its customers with practically all modern banking services.
According to the data of Russian bank ratings, made by Rosbusinessconsulting (RBC), ENERGOTRANSBANK has the
following positions among Russian and regional banks as of January 1, 2008 (covering 2007):
Index
Positions among Russian banks
Positions among regional banks (Kaliningrad) as of
as of 01/01/2008
01/01/2008
Net assets
229
1
Currency balance
234
1
Ready assets
229
2
Balance sheet profit
211
2
Deposit portfolio
319
3
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
12
Loan portfolio
467
5
ENERGOTRANSBANK contributes much to the development of corporate business and the introduction of new
services based on modern technologies. As the main bank of the largest automobile producer in the region,
ENERGOTRANSBANK supports both the company itself, and its employees.
In Kaliningrad ENERGOTRANSBANK has begun to introduce high technology products (e.g. the Gorod payment
system and Zolotoy Bonus cooperative bonus program, as well as bank-managed investment funds), which allow
Kaliningrad citizens to handle cash more efficiently and pay bills more conveniently.
DEVELOPMENT PROSPECTS.
In the nearest future, the Bank will keep its position as a universal financial institution, providing the widest range
of banking facilities and basing relations with the customers on mutually beneficial partnership principles.
The main operations of the Bank will remain issuing credit, currency services and plastic cards services.
In credit services, the Bank has defined priorities for 2008 which are aimed at further development of short term
loans for companies and entrepreneurs and introduction of new loan facilities.
In 2008, the Bank plans to keep forming a product line of plastic cards covering all customers’ needs:
 Increasing the volume of emission of Zolotaya Corona smartcards and co-branded Zolotaya Corona - MasterCard
cards for individuals and legal entities;
 Development of plastic cards for retail credit projects;
 Introduction of full-service «Mobile Bank»;
 Introduction of bonus programs and customer loyalty systems for card payments with the Zolotoy Bonus program;
Concerning development of banking technologies, priority will be given to improving the technical level of bank
systems, resulting in the development of modern services, in particular on-line banking, distant management of customers’
accounts, introduction of different plastic cards services, etc.
In addition, new flexible forms of services of traditional banking facilities: operational services, collection of
payment, deposit accounts, bank-managed funds, transfers, safety deposit boxes, etc.
Service infrastructure is planned to be developed, including additional offices, operational cash-desks, currency
exchange desks, cash-machines and self-service terminals. In each branch there will be opportunities for the full range of
services.
In order to increase efficiency, the management system of the Bank will be improved, working places will be
better equipped, internal documentation regulation operations will be developed and optimized.
Regarding customers services, the Bank will be focused on its traditional individual approach, providing the most
convenient service. More attention will be paid to improving customer service quality by decreasing time of operations,
increasing working hours and establishing a system of professional consultation on forms of cooperation with the Bank.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
13
TYPES OF ACTIVITIES.
On the basis of 18 years of experience in the banking business, ENERGOTRANSBANK provides the following
services and performs the following transactions:

Opens and service accounts in rubles and currency for residents and non-residents;

money transfers abroad and reception of transfers from foreign countries without opening an account;

settlement and cash services for legal entities and private persons;

currency control agent services (transaction passports for import and export transactions);

trade finance (letters of credit, documented collection);

on-line services of the system Client-Bank;

attracting free cash to be deposited under various terms and conditions;

loans and financing services for different categories of customers, including factoring, bills of exchange, mortgage
loans, interbank loans;

securities trading (including bonds), dealing and brokerage of stocks and bonds of Russian enterprises, sales and
purchase of bills of exchange of Russian companies and issuing of bills of exchange of the Bank;

indemnity bonds;

project financing and business plans;

supervising and budgeting of customers’ projects;

payment collection services;

sales, purchases, conversion of non-cash currencies;

sales, purchases, conversion of cash currencies;

emission and acquiring of plastic cards of MasterCard International and Zolotaya Corona;

transactions through international transfer systems including Western Union, MoneyGram, Leader, Migom,
Contact, Anelik, Zolotaya Corona, and BLIZKO;

receipt of payment of bills and other payments in the framework of the Gorod federal payment system;

distant management of the account via on-line bank Faktura.ru;

secure storage of valuables in individual safety deposit boxes;

operations with precious metal coins;

asset management;

advisory services.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
14
CORPORATE CLIENTS
The qualitative and quantitative goals of ENERGOTRANSBANK in the Kaliningrad market of banking services
are defined by the various policies of the Bank concerning price, range of services, and communication. The formation and
development of our customer base is also considered in our policy. ENERGOTRANSBANK is attractive to clients for its
high quality of service and development and implementation of new banking services.
Offering online service for clients, installing high-speed equipment and time-saving software and the
professionalism of our staff has allowed us to create favorable conditions for clients, resulting in growth in the client base
in 2007 of 30%, with the number of new accounts opened per month doubling.
This growth has driven revenues from clients up 43%, and the average account balance has grown by 165%.
Thus, 2007 saw not only quantitative growth in our customer base, but also a qualitative gain.
Business growth in Russia is very dynamic across most sectors, so all new technologies which optimize clients’
business enjoy high demand and quick market penetration. ENERGOTRANSBANK experienced 57% growth in the
number of clients using the Client-bank service system, while plastic card use grew 406% and the number of programs for
direct deposits of salaries was up 88%.
Graphic 1. Dynamics of corporate clients
2005
+33%
2006
+43%
2007
+27%
Graphic 2. Revenue from corporate clients (ruble and foreign currency accounts), mil. rubles.
2005
Outgoing
61 754
Incoming
61 572
2006
Outgoing
123 605
Incoming
123 800
2007
Outgoing
176 155
Incoming
177 594
Graphic 3. Dynamics of average balances in corporate accounts.
2005
+180%
2006
+104%
2007
+165%
CURRENCY EXCHANGE OPERATIONS FOR CORPORATE CLIENTS
Services for international commerce is a high-priority area. ENERGOTRANSBANK is the only regional bank in
the Kaliningrad Region which has permission to issue customs guarantees. The number of contracts for international
commerce is constantly growing, and each month the main office alone issues 40-50 ‘contract passports’. In 2007, the
bank’s currency control section serviced 300 export and 1777 import contracts.
Substantial growth indicators show the customer-orientation of the bank, which include a flexible pricing system,
professional attitude toward clients and convenient working hours. The key success factor of the development of foreign
exchange services of ENERGOTRANSBANK is the ability to respond quickly to changing of the exchange rate, so
customers are offered the most profitable rate over the course of the day. Because of this clear competitive advantage, a
tariff plan called "Currency guest" was devised in 2007, which allows customers of other authorized banks to buy or sell
currency at ENERGOTRANSBANK without commission. This service was designed in a way allowing the client, who
was served in the two banks, would succeed in conducting a currency purchase in one day. This has enabled us to increase
the volume of currency purchases at ENERGOTRANSBANK among customers of other banks in 2007, which amounted to
1 070 233 dollars while selling of foreign currency to customers of ENERGOTRANSBANK rose by 86%, totaling a ruble
equivalent of 29 976 458 321.
To become more attractive as a bank, we offered currency exchange services from 9:00 to 18:00 in 2007, and bank
workers filled out exchange documents at the request of the clients, offering a “fixed rate” service. The client could fix a
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
15
rate at which he wanted an exchange to be made for a determined period of time, and when the inter-bank exchange rate
reached that mark, the bank worker fulfilled the operation momentarily.
Graphic 1. Contract Passport dynamics
For 2005
For 2006
For 2007
+66%
+31%
+67%
Graphic 2. Dynamics of currency payments by corporate clients
For 2005
For 2006
For 2007
+165%
+37%
+41%
Graphic 3. Revenue from currency control section, rubles
For 2005
For 2006
For 2007
1 742 255
1 832 900
3 871 009
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
16
CREDIT ACTIVITIES
As in the previous year, the bank followed steady, conservative policies, built on the diversification of credit risks, a
measured balance of loans in asset structures and acquired asset structures. The bank developed internal limits and
standards for loans and has always followed them consistently. The decision for issuing of a loan was made after a careful
study of the reliability of the borrower, methods of securing repayment, and the feasibility of the related project.
In 2007, the Bank successfully used various types of loan products: overdraft credit, lines of credit, interbank
lending, and factoring.
Bank income from the placing of funds into loans and bills for 2007 totaled 185.7 million rubles, nearly doubling
the corresponding figure from the previous year (96.7 million in 2006).
Loans and loan equivalents in ruble equivalent as of January 1, 2008 was 3 299 899 thousand rubles, 1.37 times
higher than on January 1, 2007, which growth in absolute terms being 888 907 thousand rubles. Loans without promissory
notes - 1 410 495 thousand rubles.
Graphic 1. Structure of loan portfolio on 01.01.2008.
Promissory notes
57%
Loans to corporate clients
26%
Loans to private persons
2%
Loans to private entrepreneurs
6%
Interbank loans
9%
In accordance with Federal Law No. 218-FZ from 30.12.2004 “Concerning credit histories”, ENERGOTRANSBANK has
been cooperating with Global Payments Credit Services Ltd.., a credit history bureau, since 25.08.2005. The company is
the second largest credit history bureau in Russia.
HIGH-VALUE TRANSACTIONS
No transactions considered large by Federal Law No. 208-FZ, signed on 26.12.1995 “Concerning Joint-Stock
Companies”, or which would have required the approval process of large transactions according to the Bank’s by-laws,
were carried out in 2007.
Transactions in which the Bank has interest
In the course of normal economic activity in 2007, ENERGOTRANSBANK carried out 30 transactions
recognized under the federal law "Concerning Joint-Stock Companies" as transactions in which there is interest.
All such transactions by the Bank in 2007 were tentatively approved in the manner provided specified in article 83 of the
federal law "On Joint-Stock Companies", in the general meetings of shareholders of the Bank (Protocol № 9 from
28.04.2006, and Protocol № 11 of 09.06.2007).
The list of transactions with interest, taking into account the requirements of the federal law "Concerning JointStock Companies", regulations of the federal executive authority for the Securities Market and article 26 of Federal Law №
395-1 of 02.12.1990 "Concerning banks and banking activities", are in the table below. In accordance with article 81of
Federal Law № 208 - FZ dated 26.12.1995 "On Joint-Stock Companies", parties deemed to be interested in the carrying out
of the Bank’s transactions are: PJSC "Avtotor-Holding groups", "Avtotor-1" Ltd., PJSC "Avtotor", "Garant Capital", Ltd..
"Baltic Automobile Factories", Ltd.. "Griffin Investment", JSC "Griffin".
Transactions
Transactions of issuing credit
Quantity
1
Total Sum,
Rubles
96 600,00
Period (in days,
min/max)
273
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
% / discount
14%
17
Transactions of issuing overdrafts
Transactions of prolongation of credit
Transactions of purchases of promissory
notes
Transaction of selling of promissory
notes
Transactions of exchange of promissory
notes
Transaction of purchase and sale of
securities
1
1
16 000,00
34 000,00
366
365
7-13 %
14,50%
11
996 557,90
5,35 - 38,42 %
12
352 528,78
358-363
Given 188 days’
notice
2
190 752,40
221-360
5,35- 11,03 %
3
209 682,22
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
0-6%
18
PLASTIC CARDS
In the financial year of 2007, plastic cards were one of the most important areas of operations. The Bank
expanded its range of card products and improved the quality of service, adapting to the increasing needs of customers. In
2007, the Bank continued to issue Zolotaya Corona microprocessor cards in the retail market as well as MasterCard
International cards for private and corporate clients. Last year, the total number of cards issued for MasterCard and
Zolotaya Corona combine grew by 80% and the turnover on the cards increased by 50%
In 2007, the Bank continued to actively implement salary payment programs with the use of Zolotaya Corona
cards and MasterCard International in Kaliningrad, the Sovetsk and Moscow. Revenues for the servicing of such programs
were 7 times higher than the previous year.
In the past year, an overdraft program with credit cards was developed for private clients.
A number of new services have been developed and implemented for cardholders. In particular, a trial operation
of ATMs with cash-in capabilities and stations and kiosks which can facilitate non-cash banking operations. In 2007, the
Bank began a network of 24-hour ATMs in the Kaliningrad region.
An important development in the plastic card area was the implementation of an acquiring system of Zolotaya
Corona smartcards at retail points. Cooperation with the Center of Financial Technologies group of companies has allowed
the Bank to increase significantly the terminal network service of Zolotaya Corona smartcards, placing more than 50
terminals in shopping centers of the Wester retailing group. The implementation involved installing software, training sales
personnel, and designing a plan to promote the use of joint card products using bonus and gift cards.
CB ENERGOTRANSBANK successfully passed the certification for compliance with international norms and
standards for MasterCard International system. In 2007, all the major stages of entry into payment system were completed,
and the Bank received affiliate status in the payment system. Since then, the Bank has been able to issue MasterCard plastic
cards with its own design and logo, as well as to provide a full range of plastic card services for customers using the
international payment system.
By providing its customers – private and corporate, with a complete line of card services, the Bank seeks to meet
the growing needs of its customers to the fullest. An individual approach to work with each client is the overriding
principle in the development of the Bank's card business.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
19
RETAIL BUSINESS
Infrastructure Services
In 2007, ENERGOTRANSBANK actively expanded its retail network for private individuals in Kaliningrad and
the Kaliningrad region. The Bank’s 15 operating cash desks account for 35% of all such service points in Kaliningrad, with
only Sberbank having more. In 2007, all locations were upgraded to increase the range of services, with consideration of
technical capabilities and client needs in the particular place. Many units have begun to implement not only the collection
of utility payments, but also operations with plastic cards, and remittance services. 2007 also saw the opening of
Kaliningrad’s only MONEY TRANSFER CENTER, established by ENERGOTRANSBANK, where clients can send
money using 6 remittance systems, make deposits, exchange currency and pay utility payments.
Also during the reporting period, three cash desks and three ATM were brought into service, and major work for
the opening of an additional office in the town of Gurevsk was undertaken.
In 2008, there are plans to install twenty-three ATMs, to open additional offices, and to expand further the range
of services in operating cash desks.
Maintenance of private accounts
Over the year, the Bank has sought to become closer to customers, set the most convenient working hours, and
offer integrated services, introducing new products for individuals. Our zeal has been rewarded, and in 2007 the customer
base grew by 32%.
Graph 1. Number of private clients
01.01.2006
01.01.2007
3 566
01.01.2008
5 198
6 867
The strategy for attracting clients’ savings in 2007 was conservative. We did not attempt to implement new
deposits, but offered an alternative—a general fund under the Bank’s management. Our clients could diversify easily and
generate income with their excess cash.
Graphic 2. Private deposits in the course of the year; 000’s of rubles.
2005
2006
2 141 861
2007
2 581 455
2 527 089
Graphic 3. Capital under management of the general fund of Energotransbank, rubles.
Yantar
Yantar—Russian stocks
Yantar—Energy resources
01.01.2006
9 241 400,00
0
7 100 000,00
01.01.2007
8 761 400,00
6 860 571,00
23 542 500,00
01.01.2008
5 977 000,00
23 410 695,22
27 542 500,00
General (investment) fund under Bank management
The Yantar investment funds, managed by ENERGOTRANSBANK, are among the first funds registered by the
Bank of Russia in the Kaliningrad region, and have shown high capital growth. In 2007, according to the AZIPI
(Association for the Protection of Information Rights of Investors), the funds administered by ENERGOTRANSBANK are
leaders by profitability and are among the 20 largest funds in Russia. According to the results for the 2007, Yantar Fund
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
20
was in second place for profitability among mixed investment funds. "Yantar-energy" was 8th in the profitability among
funds of Russian shares. Analyzing the funds market, ENERGOTRANSBANK has registered a new fund - "Yantar-index",
which allows our customers to obtain profitability close to the major stock indexes. Its advantage is that it is tied to stock
indexes MICEX and RTS, which are less volatile than, for example, Russian second or third tier shares. On 01.01.2008,
ENERGOTRANSBANK registered 5 new investment funds with different objectives, opportunities and income potential.
Perspective plans for opening other investment funds specializing in short sales (a "bear fund") are being made.
Money transfers
For more than 5 years, ENERGOTRANSBANK has actively developed money transfer services. In 2007, we
added 6 more systems to our existing services which included Western Union and BLIZKO. Now,
ENERGOTRANSBANK offers the widest spectrum of services and systems in Kaliningrad. This has helped us to increase
revenue from these operations 53%, and to increase the sales of other products.
Graphic 1. Received and sent money transfer by system
Received
8,44%
LIDER
Sent
8,58%
ZOLOTAYA CORONA
3,52%
0,20%
MONEYGRAM
ANELIK
BLIZKO
CONTACT
MIGOM
0,46%
0,03%
0,97%
26,17%
60,40%
0,06%
0,05%
1,53%
27,50%
62,10%
Banking online
In 2007, for the purpose of supplying optimal service to the clients of ENERGOTRANSBANK, a system for
online banking was completed, which allows full banking services through the Internet. Using the Internet-Bank service,
clients can make payments, receive and print confirmations over the Internet, and get updates on plastic cards and accounts
by SMS.
Utility payments
Working in close collaboration with the Center of Financial Technologies Group (Novosibirsk), the Bank began
implementing the federal system of service payment called "Gorod". This system allows the payment of utilities and other
payments in an automated manner, while exchanging data with database providers. This technology allows migration
toward a "paperless" electronic payments technology, accelerates settlement, and operates without a receipt-notification by
the service provider. It is in operation on ATMs and terminals for collecting payments, thereby providing convenient
service to the public. Thus, by optimizing a financial service, the Bank has solved a problem of socio-economic nature.
During 2007, the Bank concluded agreements with leading providers of utility services in the city of Kaliningrad
and the region: Simplex, Energosbyt (OJSC Yantarenergo), Kaliningradgazifikatsiya, and Antennaya Service Ltd..
Cooperating with the specialists of CFTG, databases of these service providers were connected to the Gorod payment
system, with electronic document processing. At the end of the year the service was put into use throughout
ENERGOTRANSBANK’s network.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
21
Precious metal coins
Over the course of 2007, the Bank successfully sold coins made from precious metals, including memorial coins,
issued by the Bank of Russia. Our clients were offered several series of memorial coins including ‘Monuments of
Architecture, “Historical Persons’, ‘Olympic Games’, ‘The Golden Ring’, and others.
Rental of safe deposit boxes
The demand for individual safe deposit boxes grows yearly. The Bank vault was refurbished in 2007, allowing more
boxes to be put in, and the number of clients doubled.
ASSET AND LIABILITY MANAGEMENT
The main goal of asset and liability management is the maximizing of bank revenue at the assumed risk level,
while fulfilling all obligations to Bank shareholders and clients. The guiding principle of asset and liability management of
ENERGOTRANSBANK is the creation of an optimal allocation structure which maximizes the volume of attracted capital.
A comprehensive approach to asset and liability management allows the following tasks to be accomplished:
 maintenance of current, mid-term and long-term liquidity,
 optimization of profitability of operations,
 risk management and minimization,
 diversification of Bank activity for the purpose of expanding the spectrum of services.
In a market economy, and given the increasing level of competition, the formulation of bank liabilities and the
optimization of their structure takes on more and more significance.
The main conclusion which can be taken from 2007 is that the Bank managed to preserve its competitive
advantages in the market and positioned itself for significant future development.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
22
RISK MANAGEMENT
The concept for risk management is to focus on the stable development of the Bank, the building of a long-term and
effective business which maximizes profitability and minimizing all risks, associated with the Bank’s operations.
The Bank’s risk management strategy takes into account external factors (changes in legislation, the competitive
environment, etc.) and internal factors, connected with the carrying out of the Bank’s operations and transactions.
The structure of operations in 2007 indicates that the Bank is exposed to the following types of risk: credit risks,
currency risks, share risks, and operating risks.
Management of credit risk is accomplished in accordance to normative and recommended documents of the Bank of
Russia, and also with internal documents which abide by legislative and normative practices.
Internal documents of the Bank concerning credit policy determine the principles and approach to the forming of the
credit portfolio, the procedure of evaluating the financial condition of the applicants, the limitation of rights and the
delegation of authorization to transact credit operations.
Monitoring of the level of risk is performed by the Bank on a regular basis by determining the quality of loans and
establishing the size of settlement reserves.
The Bank manages market risk by determining the level of interest risk, share risk, and currency risk.
The normative market risk of the Bank (rating or size of risk) is determined according to the requirements of the
Bank of Russia.
Currency risk is managed according to normative and internal practices, allowing determination and control of
currency risk.
Currency risk management entails:
 continual evaluation of currency risk,
 setting limits of operations in cash and non-cash transaction involving foreign currency,
 supervision of conformation to the specified limits,
 supervision of conformation to normative currency positions of the Bank (at the Head Office and at
branches).
Management of currency risk is carried out by the Bank continuously, with hedging of currency risks carried out by
formation of currency basket depending on the dynamics of the rates of foreign currencies in the currency exchange market.
The level of share risk is managed through constant monitoring of the dynamics of the securities market, establishment of the
limits of operations with shares, and establishment of procedu res to insure the keeping of these limits.
The size of share risk is evaluated by the Bank as the financial result taken from the profit / loss from the
reassessment of shares at market value or by the formation of reserves corresponding to the normative requirements for
share holdings, not offset by loans.
The mechanisms for measuring interest risk used by the Bank allow the level of interest risk to be monitored and to
effect measures for the lowering of that risk. Hedging of interest risk is performed by adjusting the level of interest rates in
accordance with the market situation, the refinancing rate, etc.
To reach the goal of effectively managing the Bank’s risks, procedures concerning operational risk have been
implemented. This is risk that results in losses from operations.
 discrepancies in the nature and size of credit issuing activities and/or the requirements of current legislation
on internal procedures of banking operation or other transaction, their violation by employees of the creditissuing organization or other persons (as a result of intentional or unintentional action or inaction).
 Insufficient informational functionality of credit-issuing organizations, insufficient technical or other
systems or their breakdown, and other external factors.
Instruments and methods for the control and management of operational risks include:
 regulations for the distribution of responsibility at all stages of financial decisions among departments and
officials of the Bank;
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
23
 methods of identification and evaluation of the level of accepted risks;
 due keeping of the limits on basic financial instruments and operations of the Bank, its procedures and their
supervision;
 use of hedging instruments and insurance of risk;
 monitoring of key risks.
Additionally, the Bank has recently engaged in the management of ‘reputation risk’, working out a series of
measuring directed toward the timely identification of the risk of enabling a questionable transaction of a client.
In an effort to perfect the control methods of the operational risk management system, the Board of Directors have
adopted an official position entitled “Concerning the system of internal control in ENERGOTRANSBANK”, which entails
criteria for evaluation of the effectiveness of the activity of management and the various departments of the Bank,
including evaluation of the quality of risk management.
For the organization of management of banking risks and supervision maintaining the maximum level of total risk
within the framework of the internal control system of ENERGOTRANSBANK, a Committee for Risk has been organized.
CODE FOR CORPORATE BEHAVIOUR
ENERGOTRANSBANK adopted the code for corporate behavior recommended by the FKCB in relation to norms at
the federal, regional, and corporate level. By following this codex, the Bank has been able to satisfy the interests of
shareholders while carrying out the activities of ENERGOTRANSBANK in the reporting period.
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
24
Balance Sheet (form for publishing), as of 01.01.2008
Name of the credit organization:
COMMERCIAL BANK “ENERGOTRANSBANK” public joint-stock company.
Mailing address:
83а, Klinicheskaya str., Kaliningrad, 236016
Form code 0409806
Quarterly / Annual
RUR, thousand
I. ASSETS
№
Article
1
I
1.
2.
2.1.
3.
4.
5.
6.
7.
8.
9.
10.
11.
II.
12.
13.
14.
14.1.
15.
16.
17.
18.
19.
III.
20.
20.1.
20.2.
20.3.
21.
22.
23.
24.
25.
26.
27.
28.
IV.
29.
30.
V.
2
ASSETS
Money funds
Funds of credit organizations in the Central Bank of the
Russian Federation
Mandatory reserves
Funds in credit organizations
Net investments into commercial securities
Net loan debts
Net investments into investment securities held until
repayment
Net investments into securities available for sale
Fixed assets, intangible assets and material reserves
Interest receivable
Other assets
Total assets
LIABILITIES
Credits received from the Central Bank of the Russian
Federation
Funds of credit organizations
Clients funds (noncredit organizations)
Individuals’ deposits
Debentures issued
Liability to pay interest
Other liabilities
Reserves for possible losses on conditional terms of credit
nature, as well as for other possible losses and operations
with the residents of offshore zones
Total liabilities
OWN FUNDS SOURCES
Funds of shareholders (share interest holders)
Registered ordinary shares and interests
Registered preference shares
Not registered authorized capital of non-joint-stock credit
organizations
Own shares bought out from the shareholders
Emission profits
Reappraisal of fixed assets
Expenses of future periods and payments that will be due
and affecting the equity funds (capital)
Funds and unused profits of previous years at the disposal
of credit organization (losses of previous years being not
paid off)
Profit for distribution (loss) for the reporting period
Total sources of own funds
Total liabilities
OFF-BALANCE SHEET LIABILITIES
Irrevocable liabilities of the credit organization
Guarantees issued by the credit organization
ASSETS MANAGEMENT ACCOUNTS
At the 01.01.08
At the 01.01.07
3
4
189625
194236
684998
50375
356377
231007
3186012
205926
18232
120684
101197
2324231
0
1051303
208374
199
30442
5938337
0
569818
165784
213
517696
4199785
0
0
2468177
492792
274498
8659
37328
0
92189
930316
323496
61740
3062
179438
5069
2793731
767
1267512
1233333
1233333
0
145881
145881
0
0
0
345917
116349
0
78800
345917
116349
4952
7778
1315162
138797
3144606
5938337
1817433
593271
2932273
4199785
139459
30657
140966
445
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
25
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
ACTIVE ACCOUNTS
Cash
Securities in trust
Precious metals
Credits granted
Funds used for other purposes
Settlements concerning asset management
Accrued interest (coupon) income paid on interest
(coupon) debentures
Current accounts
Expenses on asset management
Losses on asset management
NOMINAL ACCOUNTS
Capital in trust
Settlements concerning asset management
Accrued interest (coupon) income received on interest
(coupon) debentures
Income from the asset management
Profit from the asset management
0
61923
0
0
0
3813
0
38143
0
0
0
8004
24
0
0
0
8
711
29
0
56944
0
39182
0
0
0
8816
0
0
7713
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
26
Balance Sheet (form for publishing),
as of 01.01.2008
Name of the credit organization:
COMMERCIAL BANK “ENERGOTRANSBANK” public joint-stock company.
Mailing address:
83а, Klinicheskaya str., Kaliningrad, 236016
Form code 0409807
Quarterly / Annual
RUR, thousand
№
Article
At the 01.01.08
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
2
Interest received and equated income from:
Placement of funds in credit organizations
Loans granted to clients (noncredit organizations)
Provision of services in financial leasing
Securities with fixed earnings
Other sources
Total interest received, and equated income
Interest paid, and equated expenses on:
Borrowed funds of credit organizations
Borrowed funds of clients (noncredit organizations)
Debentures issued
Total interest paid, and equated expenses
Net interest and equated income
Net income from operations with securities
Net income from operations with foreign currency
Net income from operations with precious metals and
other financial instruments
Net income from reappraisal of foreign currency
Commission income
Commission expenses
Net income from nonrecurring operations
Other net operational income
Administration and management expenses
Reserves for possible losses
Profit before taxation
Taxes accrued (Including income tax)
Profit for the reporting period
At the 01.01.07
3
4
16479
272833
0
9105
4630
303047
5416
91103
0
11587
3783
111889
12083
45961
7997
66041
237006
79986
111180
7137
23883
3477
34497
77392
470769
65297
5069
-1530
80544
1941
-433
5376
-792
771
53255
2072
-1041
348054
193358
-117137
204762
65965
138797
126904
-85013
799716
206445
593271
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
27
Information about The Level of The Sufficiency of Capital, Amount of Reserves for Compensation for Doubtfull
Loans and other Assets, as of 01.01.2008
Name of the credit organization:
COMMERCIAL BANK “ENERGOTRANSBANK” public joint-stock company.
Mailing address:
83а, Klinicheskaya str., Kaliningrad, 236016
Form code 0409808
№
Article
At the 01.01.08 At the 01.01.07
1
2
3
4
1
Own funds (capital),
2144308
2551266
2
Factual value of sufficiency of own assets (capital) (%)
50.9
70.8
3
Standard value of sufficiency of own assets (capital) (%)
10.0
10.0
4
Calculated reserve for possible losses on loans, loan
debts and equated to it debts, RUR, thousand
204281
86751
5
Factual formed reserve for possible losses on loans, loan
6
7
debts and equated to it debts, RUR, thousand
Calculated reserve for possible losses, RUR, thousand
Factual formed reserve for possible losses, RUR,
thousand
204281
6364
86751
6758
6364
6758
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
28
Audit Report
Addressee: shareholders of COMMERCIAL BANK “ENERGOTRANSBANK”, Public Joint-Stock Company.
Auditor: LLC Auditing Company “Kaliningradskiy Audit”.
Audited entity: COMMERCIAL BANK “ENERGOTRANSBANK”, Public Joint-Stock Company.
We have conducted an audit of the attached financial (balance sheet) reports of Commercial
• COMMERCIAL BANK “ENERGOTRANSBANK” (Public Joint-Stock Company) for the period of January 1st
through December 31st of 2007, inclusively. The financial (balance sheet) reports of Commercial
• COMMERCIAL BANK “ENERGOTRANSBANK” (Public Joint-Stock Company) consist of:
• Balance sheet of the credit organization for the period from 01.01.2007 to 31.12.2007;
• Profit and loss statement of the credit organization as of January 1st, 2008 (the form №102);
• Consolidated turnover statement reflecting the situation after the reporting period;
• Explanatory note.
The responsibility to prepare and provide this financial (balance sheet) report is vested in the executive authority
of the COMMERCIAL BANK “ENERGOTRANSBANK” (Public Joint-Stock Company). Our responsibility is to
express our opinion on the validity of this report in all significant matters and in compliance with accounting
practices mandated by Russian Federation laws.
We conducted the audit in accordance with:
• The Federal Law dd. August 7th, 2001, № 119-FZ “On auditing activities";
• Federal Regulations (Standards) for Auditing Activities, adopted by the Act of the Russian Federation
Government dd. September 23rd, 2002, № 696 (in the redaction of the Resolution of the Government of the
Russian Federation dd. August 25th, 2006 № 523);
• Internal regulations (standards) of the auditing activity of the National Federation of Consultants and Auditors;
• Regulatory acts of the Central Bank of the Russian Federation.
The audit was planned and conducted in such a way as to receive reasonable assurance that the financial
(balance sheet) reports do not contain significant discrepancies. The audit was conducted on a selective basis
and included:
• Investigating evidence, through testing, that attests to the meaning and openness in the financial (balance
sheet) reports of information about financial and economic activities of the entity being audited;
• Evaluating principles and methods of accounting, the rules for preparing financial (balance sheet) reports;
• Identifying the main evaluation criteria received by the management of the audited entity in preparation of
financial (balance sheet) reports;
• Evaluating the provision of financial (balance sheet) reports.
In maintaining bookkeeping reports, COMMERCIAL BANK “ENERGOTRANSBANK” (Public Joint-Stock
Company) used and adhered to the main methods and principles required by adhering to rules for maintaining
bookkeeping accounting in credit organizations situated on the territory of the Russian Federation approved by
the Central Bank of the Russian Federation dd. 05.12.2002 № 205-P (with
amendments and additions). In preparing the annual report, COMMERCIAL BANK “ENERGOTRANSBANK”
(Public Joint-Stock Company) was guided by the Instruction of the Central Bank of the Russian Federation dd.
17.12.2004 № 1530-U On the order for drawing up of annual bookkeeping report by credit organizations.
We believe that the audit performed provides sufficient grounds to express our opinion on the validity of this
report in all significant matters and compliance with the accounting practices mandated by Russian Federation
laws.
In our opinion, the financial (balance sheet) reports of the COMMERCIAL BANK “ENERGOTRANSBANK“
(Public Joint-Stock Company) truly reflect the financial standing as of December 31st, 2007, and the results of
financial-economic activities for the period of January 1st to December 31st, 2007 inclusively, in all significant
aspects, in accordance with the requirements of the legislation of the Russian Federation regulating the
preparation of financial (balance sheet) reports.
April 21, 2008
V.A. Volkov
General Director
LLC auditing company “Kaliningradskiy Audit“
2007 ANNUAL REPORT Commercial bank ENERGOTRANSBANK
29