Key Financial Information

OPM-Bank

12 months to end 1996		3 months to 1^st Quarter 1997
Net Profit (RUR mln)	6,195	Net Profit (RUR mln)	2,008
Networth (RUR mln)	20,749	Networth (RUR mln)	22,757
ROE (%)	44	ROE (%)	38
Total Assets	60,212	Total Assets	79,699

INCOME

% Income by Source - 1996	% Income by Source - 1^st Quarter 1997

ASSET ALLOCATION

31 December 1996	31 March 1997

OPM-Bank

Consolidated Financial Statements

Consolidated* Profit and Loss Account

12 months to 31 December 1996

(RUR millions)

Interest and similar income	14,150
Interest expense and similar charges	(9,652)
Net interest income	4,498
Other operating income	1,404
Other operating expenses	(1,467)
Net gains arising from dealing operations	11,500
Operating Profit	15,935
Decrease in total provisions	83
General administrative expenses	(9,910)
Net gains on movement in exchange rates	220
Profit before taxation	6,328
Taxation	(128)
Retained profit for the year	6,195

* These financial statements have been prepared incorporating the financial statements of the Bank's 100% owned subsidiary OOO Financial Company "Animus".

Consolidated Balance Sheet

@ 31 December 1996

(RUR millions)

ASSETS
Cash	692
Balance with the Central Bank of Russia	2,392
Dealing Securities	10,369
Treasury and other bills	13,477
Placements with, and loans to, other banks	19,685
Loans to customers	10,572
Other assets	1,474
Investments, long term	218
Fixed Assets	1,333
TOTAL ASSETS	60,212

LIABILITIES AND FUNDS EMPLOYED
Customer demand and time deposits	15,407
Placements by & loans from, other banks	18,041
Other liabilities	198
Negotiable debt instruments	5,817
TOTAL LIABILITIES	39,463
CHARTER FUND AND RESERVES
Charter Fund	10,000
Reserves and other funds	10,749
FUNDS EMPLOYED	20,749
TOTAL LIABILITIES AND FUNDS EMPLOYED	60,212

_______________________