HomeMaterials for 20.02.2008
20 February 200809:19

East Capital Explorer Financial Institutions Fund AB to buy Bank Severnaya Kazna’s additional share issue

Bank Severnaya Kazna’s Board of Directors decided to go through with the additional issue of 6,170,000 ordinary registered uncertified shares with face value of 10 RUR apiece, while the price of the shares was determined at 162.075 RUR per share. This share issue will probably be acquired by East Capital Explorer Financial Institutions Fund AB the day after the issue has been registered by the state. This information was provided by the bank in compliance with the demand that any issuer and/or a joint stock company must promptly reveal any data related to their activity that might influence
20 February 200809:13

Summit program meets town planning requirements, Mayor says

'All the construction work done within the framework of preparations for the upcoming Shanghai Cooperation Organization summit in Yekaterinburg meets all the town planning and land code requirements. All the projects are subject to very strict control and expert assessment by both the regional and federal authorities. Only after the project has been approved of by the officials and experts and the land has been officially allotted for it, can the city’s construction authorities allow the building process to start,’ the spokesperson for the Mayor Konstantin Pudov reports. According to Mr.
20 February 200809:09

Bank24.ru could take action against us, Nizhniy Tagil plant says

'On February 21, 2008, the shareholders of Nizhniy Tagil Boiler and Radiator Unit Plant will start considering which candidate could be appointed the enterprise’s general director. Even the BOD members haven’t got all the personal data on these candidates yet, which is why it’s very surprising that the BOD member Boris Dyakonov claims he’s got evidence of one of the candidate’s (whose name is Pavel Vasilyev) incompetence,’ the plant’s Legal Issues Director Irina Sytnik says. The BOD meeting on the upcoming elections of the company’s GD took place on February 15, 2008, whereupon some
20 February 200809:03

SKB-Bank reaches largest natural person deposit figures

According to Bankir.ru’s ranking of Russian banks as of January 1, 2008, SKB-Bank was one of the country’s largest banks in terms of deposits made by private individuals. In fact, the Bank achieved Russia’s 54th best result, as its natural person deposit portfolio reached 8.6 billion RUR on January 1, 2008, which is 10% better than in December 2007 and 40% better than a year earlier. These results allow SKB-Bank to be still featured in the Top 100 rating as well as remain one of Ural Federal District’s leaders in terms of natural person deposit portfolio. The bank raised the interest rates on
20 February 200809:01

Four more Auchan stores might damage retail trade, Alliance claims

'There are currently eleven Auchan hypermarkets in Moscow that welcome the capital’s ten million dwellers as well as four or five million people from Moscow Region. This means there is one Auchan store for every 1.4 million people there. At the same time, there are only 1.3 million dwellers in Yekaterinburg, and 400,000 people from the nearby towns come to the city to do their shopping. In the meanwhile, the local population’s income is 1.5 times lower than in Moscow. All this boils down to the following: one Auchan store in Yekaterinburg is enough to maintain the optimal balance among