36. Operations with State-Controlled Entities and Government Bodies

In the normal course of business, the Group enters into contractual agreements with the government of the Russian Federation and entities controlled or significantly influenced by it. The Group provides the government-related entities with a full range of banking services including, but not limited to, lending, deposit-taking, issue of guarantees, operations with securities, сash and settlement transactions. Operations with government-related entities are carried out on general market terms and constitute the minority of the Group’s operations.

Balances with government-related entities which are significant in terms of the carrying amount as at 31 December 2011 are disclosed below:

Client Sector   31 December 2011
    Loans and
advances to
customers
Due to corporate
customers
Guarantees
issued
Client 1 Oil and gas - 44,241 -
Client 2 Oil and gas - 18,298 -
Client 3 Energy 79,252 37,857 -
Client 4 Energy - 17,380 -
Client 5 Energy 87,415 12,460 -
Client 6 Energy 52,563 11,567 -
Client 7 Telecommunications 93,401 - -
Client 8 Telecommunications - - 7,563
Client 9 Machine building 65,444 13,468 -
Client 10 Machine building - - 19,500
Client 11 Transport, aviation, space industry - - 16,055
Client 12 Food and agriculture - - 9,872
Client 13 Government and municipal bodies - 12,000 -
Client 14 Government and municipal bodies - 11,700 -
Client 15 Government and municipal bodies 51,081 - -
Client 16 Government and municipal bodies - - 20,841
Client 17 Government and municipal bodies - - 8,063
Client 18 Services - 13,032 -
Client 19 Services - - 100,000
Client 20 Other - 21,308 -

Balances with government-related entities which are significant in terms of the carrying amount as at 31 December 2010 are disclosed below:

Client Sector   31 December 2010
    Loans and
advances to
customers
Due to corporate
customers
Guarantees
issued
Client 1 Oil and gas - 46,273 -
Client 2 Oil and gas - 23,952 -
Client 3 Energy - 27,199 -
Client 5 Energy 46,999 11,937 -
Client 7 Telecommunications 48,230 - -
Client 9 Machine building 54,669 10,750 8,425
Client 10 Machine building - - 11,902
Client 11 Transport, aviation, space industry - - 15,489
Client 12 Food and agriculture - - 9,872
Client 13 Government and municipal bodies - 10,000 -
Client 14 Government and municipal bodies - 24,200 -
Client 16 Government and municipal bodies - - 14,840
Client 18 Services - 10,348 -
Client 21 Oil and gas 40,046 - -

As at 31 December 2011 and 31 December 2010 the Group’s investments in securities issued by government-related corporate entities were as follows:

  31 December 2011 31 December 2010
  Corporate bonds Corporate shares Corporate bonds Corporate shares
Trading securities 8,239 8,139 5,280 1,093
Securities designated at fair value through profit or loss   2,683 2,123 2,748
Securities pledged under repurchase agreements 11,595 40,481 300 50
Investment securities available for sale 139,216 20,673 127,779 22,950
Investment securities held to maturity 45,944 - 18,070 -

For disclosures on investments in government debt securities please refer to Notes 8, 9,11, 12 and 13.

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