Central Bank of Russia reports volume of loans given by Tagilbank to private individuals despite overdraft went down by 28.38% (from 2.628 million RUR to 1.882 million RUR) in January-August 2008.

URSA Bank and the International Finance Corporation (IFC) are about to launch a new lending program aimed at supporting the energy-efficient projects. The bank has already been offered a $50m credit line by the IFC. ‘This program is expected to boost the Urals and Siberia’s energy-efficiency markets. The IFC experts intend to help URSA Bank learn about the energy-saving projects and to support the bank’s customers at every implementation stage,’ the bank’s press officer reports. URSA Bank is to finance the projects targeted at an impressive improvement in the energy-saving field. This could

‘The lack of a clear-cut classification of business centers is still a problem. When putting up a building like this, the developers usually use the criteria elaborated by the ‘Big Four’: Colliers International, Cushman & Wakefield / Stiles & Riabokobylko, Jones Lang Lasalle, and CB Richard Ellis / Noble Gibbons. These are the criteria that allow the developers, the investors, the consultants, and the brokers to classify a business center as belonging to class A, B+, or B- and they are naturally based on the tenants’ needs,’ says RED Management Company’s Deputy GD Andrei Braude.

According to the Central Bank of Russia, volume of private individuals’ deposits in Pervouralsk Joint Stock Commercial Bank valid for 31 to 90 days dropped by 51.63% (from 6.277 million RUR to 3.036 million RUR) in January-August 2008.

Expert Group came up with a rating of Russia’s 200 largest banks in terms of assets, with Mechel Bank getting the 183d position. The bank was only rated 239th largest bank a year earlier, which means its assets rose by 90.3% between July 1, 2007 and July 1, 2008.

Bank24.ru is going to launch its 24/7 office in Saint Petersburg on October 3, 2008. According to Kommersant Saint Petersburg’s survey, however, the area’s financial gurus feel skeptical about the office’s future. ‘This isn’t the city’s first round-the-clock office. Baltinvestbank set up an outlet like this in the summer of 2006 where exchange of currency and money orders were available at night. This office switched to the usual working hours till 8 PM in January 2007, though. The bank’s CEO Igor Kirillovikh said the currency exchange enjoyed the real 24/7 demand during the travelers’ high

Central Bank of Russia reports volume of loans given by Ural Innovational Commercial Bank to private individuals for 181 days to 1 year plummeted by 88.59% (from 9.206 million RUR to 1.05 million RUR) in January-August 2008.

‘A lot of water will have passed under the bridge by February 2009 when UralTransBank will allegedly get the loan. In fact, only very few regional banks manage to attract some European money successfully, so the bank Chairman’s claim might only serve to calm the customers who have been disturbed by the market situation,’ says FPG Neva’s Yekaterinburg branch’s director Alexei Pozdeev. UralTransBank’s Chairman Valeriy Zavodov said in the course of several interviews that the bank intended to get a syndicated loan on the international capital market in February or March 2009. Zavodov explained

Kyshtym copper plant (part of Russian Copper Company) has recently voted for a new version of the enterprise’s collective agreement, thus closing up the ad hoc committee’s work related to the collective agreements adopted for Russian Copper Company’s divisions in 2008-2011. The new agreements are already being used in Novgorod metallurgical plant, Novgorod Region, Uralgidromed, Sverdlovsk Region, Ormet, Orenburg Region, Karabashmed, Chelyabinsk Region, Alexandrinskaya ore mining company, Chelyabinsk Region, and Kyshtym copper plant, Chelyabinsk Region. ‘The discussion on the changes that

Central Bank of Russia reports volume of loans given by VUZ Bank to private individuals for 91 to 180 days went down by 71.42% (from 2.086 million RUR to 596,000 RUR) in January-August 2008.