Central Bank of Russia reports volume of loans given by Ural Innovational Commercial Bank to private individuals for 1 to 3 years dropped by 15.95% (from 3.282 million RUR to 2.713 million RUR) in September 2008.

The Ural Bank for Reconstruction and Development raised its assets by 30% in January-September 2008, so the figure now comes to 50,086,524,000 RUR. The bank’s balance sheet total rose by 61.5% on October 1, 2008, while the amount of money in the bank customers’ accounts went up to 34,747,336,000 RUR; this figure includes a 20.1% drop in the amount of money in the private customers’ deposit accounts. The bank’s own funds increased by 26.4%, the spokesperson for the Ural Bank for Reconstruction and Development reports. ‘The region’s financial system proved more resistant to market fluctuations

‘The Central Bank of Russia has officially confirmed our bank’s additional share issue, which means our earlier stock is now seen as paid for and retired. METCOMBANK’s authorized capital has thus doubled from one to two billion RUR, while its total capital comes to about three billion,’ METCOMBANK’s BOD Chairman Rustam Mamatov said to an UrBC reporter. ‘This increase in the authorized capital is by no means an emergency measure; rather, it is a part of our development strategy adopted as early as last year. The extra share issue was registered quite a long time ago, and we can now see its

Central Bank of Russia reports volume of private individuals’ demand deposits and other investments in UralTransBank went down by 15.10% (from 132.105 million RUR to 112.147 million RUR) in August-October 2008.

Chelyabinsk Region’s housing construction output proved greater than the country’s average in January through September 2008; the figures were quoted at the Top Priority National Projects Council’s meeting on October 21, 2008. All in all, 937,000 square meters worth of housing were put up in the region over the nine months of 2008, which exceeded the figures for a year earlier by 20%. At the same time, the country’s average growth only came to 5% compared to 2007. Chelyabinsk Region’s is Ural Federal District’s No.2 in terms of housing construction, preceded only by Tyumen Region, with its

Governor of Chelyabinsk Region Petr Sumin decided to raise the authorized capital of South Ural Housing Construction and Mortgage Corporation by 500 million RUR; the announcement to this extent was made at the Top Priority National Projects Council’s meeting on October 21, 2008. This means the corporation’s authorized capital will thus reach 2.6 billion RUR. The spokesperson for the Governor reports the money is to be spent on the implementation of two major housing projects. Firstly, a portion of the sum will be used to buy out the mortgages from the banks. Secondly, the completion of the