Joint-Stock Bank ALLONGE was established following the decision of the General Meeting of shareholders of the Bank on October 2, 1992 and was registered with the National Bank of Ukraine on January 29, 1993(registration number ? 148). Legal address of the bank is 01023, Ukraine, Kiev,

5 Shota Rustaveli str.
Shareholders of the Bank are commercial and industrial enterprises of Ukraine (to include Close-end Joint-Stock Company ?Profinvest?, Close-end Joint-Stock Company ?Legion-95?, Close-end Joint-Stock Company ?Skif-96?, Open Joint-Stock Company ?Prodexport?, Close-end Investment Fund ?First Ukrainian Fund for Privatization?, Close-end Investment Fund ?First Ukrainian Privatization Fund? and other companies).

Main activities of the Bank are credit and customer services, payment processing and other types of banking practices. The Bank operates in accordance with the License of the National Bank of Ukraine ? 181 from march 11, 1999.
Announced and registered capital of the Bank is 50.000.000 Ukrainian hryvnyas (HUA). Operations made by the Bank do not lead to excess concentration of its activities in any one sector of the economy.

Main governing body of the Bank is the general meeting of shareholders. The Board of Directors? decisions are monitored by the Board of the Bank. Chief of this monitoring Board is Mr. Samvel V. Teymurazyan. Operations of the Bank are managed by the Board of Directors of the Bank. Chief of the Board of Directors is Mr. Vladimir I. Timchenko. Chief Accountant of the Bank is Ms. Olga V. Savchuk. The Bank has 56 employees as of April 1, 2000.

The Bank is successfully using an electronic system of servicing its clients? payments ?Electronic Bank?, which allows for payments to be processed and made from anywhere in Ukraine.

Financial policies of Bank ALLONGE rest on reliability and high quality of client servicing.
Activities of Bank ALLONGE are governed by the by-laws, laws of Ukraine ??n banks and banking activities?, ??n corporate bodies?, ??n securities and stock exchanges?, legal acts of the National Bank of Ukraine, State Securities and Exchange Commission of Ukraine, Ministry of Finance and other laws of Ukraine.

?JSB Allonge, Kiev, 1999

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