UrBC, Magnitogorsk (Chelyabinsk area), 09.06.2008. Magnitogorsk Iron & Steel Works (MMK) keeps building up on the volume of metal goods supplied onto the home market. The country’s dynamically growing rolled metal goods market offers the enterprise a good chance to do so. MMK’s top executives see the home market as their strategically important priority one, so the company’s home market sales rose by 47% in 2005-2007, while the general production growth only came to 20% over the same period of time. Last year, MMK’s Russian customers received 7.3 million tons of goods, which exceeds the

VISA International's Board of Directors decided to promote SKB-Bank to its Principal Member, which means the bank can now expand the range of bank card products and services it offers. ‘SKB-Bank’s approved Principal Member status means that the bank is a truly reliable and large-scale business,’ says SKB-Bank’s Deputy Chairman Oleg Demin. SKB-Bank first joined the VISA system in December 2004 and has so far issued over 470,000 bank cards, most of which are VISA ones. The Principal Member status allows the bank to handle direct operations with the international system and use VISA’s

United Company RUSAL reports Vitaliy Samsonov has been appointed the company’s Control Director. He is going to be responsible for the development of an effective inner control system and risk management. The company’s former Control Director Alina Gutkina has been appointed RUSAL’s Internal Audit Director and is going to report to the Board of Directors in terms of independent assessment of the company’s internal control system. These new appointments are in full compliance with the international standards and have been brought about by the need to separate RUSAL’s internal control

Central Bank of Russia reports volume of loans given by UniCreditBank to state-run for-profit organizations for 181 days to 1 year went down by 47.37% (from 189.996 million RUR to 100 million RUR) in January-May 2008.

East Capital Bering Russian Fund (one of the Swedish East Capital’s funds) has recently acquired a 17.644% shareholding of Izhevsk-based Ural Trust Bank. This information was published in compliance with the demand that any issuer and/or a joint stock company mush promptly reveal any data that might influence its stock price. On June 2, 2008, East Capital Explorer Financial Institution Fund AB raised its share in Bank Severnaya Kazna’s authorized capital from zero to 10.00486%. The bank’s BOD Chairman Vladimir Frolov says the sum of the transaction came to 1 billion RUR.

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Pervouralsk Joint Stock Commercial Bank valid for 1 to 3 years went down by 76% (from 10 million RUR to 2.4 million RUR) in January-May 2008.

Uralelectromed’s stockholders decided to pass a dividend for 2007 in the course of an AGM held in Verkhnyaya Pyshma. The decision was caused by the need to stay competitive on the market and thus invest in production upgrading and environmental protection.

According to the Central Bank of Russia, volume of loans given by VUZ Bank to private individuals for 31 to 90 days went down by 99.32% (from 5 million RUR to 34,000 RUR) in January-May 2008.

First Deputy Head of Sverdlovsk Region Government and Sverdlovsk Region’s Minister for Industry and Science Anatoly Gredin visited the premises of Uralmashzavod in order to have a look at the plant, meet the enterprise’s General Director Nazim Efendiev, and look into the plant’s developmental potential, the spokesperson for Uralmashzavod reports. The minister visited the welding and the mechanical assembly production departments and looked at the assembling site of a foundry crane manufactured for Severstal. He was also shown the plant’s major achievements: the improved engineering base and a

According to the Central Bank of Russia, volume of loans given by UralFinPromBank to sole traders for 31 to 90 days went down by 93.51% (from 18.18 million RUR to 1.18 million RUR) in January-May 2008.

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations for 181 days to 1 year went down by 84.03% (from 1.466 million RUR to 234,000 RUR) in January-May 2008.