Sovcombank is the leading privately-owned bank for pensioners and economically active population of over 45 years old. This niche, which has been growing steadily over the past decade, accounts for 42% of total Russian population (c. 60 million people). Sovcombank focuses on consumer lending in small and medium-sized rural towns with the population from 5,000 to 100,000 inhabitants and currently present in more than 730 towns and villages in 41 federal regions. At the end of 2013, Sovcombank had over 1.1 million retail borrowers and over 160 thousand depositors. The acquisition of GE Money Russia will further enhance Sovcombank`s presence in the European part of Russia and enable access to the markets of largest cities. Sovcombank operates a lean cost-efficient distribution network of mainly mini-offices which we can adjust up or down depending on macroeconomic environment. In 2013, the distribution network grew by 13% to over 2,000 points of sale, while cost-to-income ratio remained as low as 42%. Sovcombank is rated B2 by Moody`s and B by S&P. Sovcombank has a diverse shareholder base established by the top-management team and financial investors. Since 2007, Sovcombank has been managed by the Board of Directors in strict compliance with best practices in corporate governance. With the highly professional and experienced management team and the acquisition of the consumer lending franchise from the global leader in consumer finance, Sovcombank remains committed to deliver strong shareholder returns.