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Рекомендательное письмо от корпорации IFC

To Whom It May Concern:

This is to confirm that the company "Media Navigator" (part of MARCS group) has provided for the International Finance Corporation research services in the context of IFC’s 2006 survey on Russia banking sector corporate governance.

The survey was aimed at the corporate governance practice among the leading Russian banks. In the course of the survey, Media Navigator interviewed top management representatives of 80 banks from the 200 largest banks in the Russian Federation using a questionnaire developed by IFC. The interviews were conducted in the period of September — November 2006.

Media Navigator provided solid work at good within the timeframe set in the contract. I consider Media Navigator as a good research company capable of performing Large-scale survey projects in banking sector.

Sincerely yours,
Patrick Luternauer
Senior Operations Manager
Financial Markets Advisory Services
Central and Eastern Europe