The subsidiary of Uralvneshtorgbank in Ufa celebrated its first anniversary n December 16, 2006. The subsidiary was preceded by a point-of–sale terminal that also dealt in loans; this terminal had been operating for six months when this experience made it possible to set up a subsidiary and develop the business in Bashkortostan. The bank managed to set up three more offices in Ufa as well as offices in Neftekamsk and Oktyabrskiy in 2006. It is also going to introduce an office in Salavat in the nearest future.