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Unofficial translation see at the bottom

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Unofficial Translation

Russian Union of the Industrialists and Businessmen

CLUB of the DIRECTORS


129272, Russia, Moscow, Trifonovskaya street, 57         Tel.: (007-095) 288-79-66, 288-86-33

Ref. from February 24, 2000.

To: Dmitri V. LUBOMUDROV
Vice-president of the Commercial Bank "LEGPROMBANK"

Dear M-r Lubomudrov !

The club of the Directors of Russian Union of the Industrialists and Businessmen thanks you for the inclusive and interesting report for the chiefs of the enterprises - members of Club of the Directors on meeting of Club № 40 of February 22, 2000 on a theme "The New strategy of interaction of the enterprise with bank and investment structures ".

The special interest of the chiefs of the enterprises was caused with the new concept, offered by you, of interaction of the industrial enterprises and banks in transitional economy, and also problem on creation Specialized control & Clearing Banks (NoRisk-Banks) with the purpose of a guard of bank accounts of the enterprises, as base function of banks in crisis conditions of transitional economy.

I shall be glad to continue hereafter cooperation to you personally and with created by you NoRisk-Banks.

Yours faithfully,

The executive director of Club of the Directors
The professor, doctor of economic sciences

Yuri Y. EKATERINOSLAVSKI

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e-mail : ldv777@hotmail.com или ldv777@mail.ru

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