SKB-Bank considered the recommendations issued by Financial Access (the company that supported the introduction of international business standards within SKB-Bank upon the request of the European Bank for Reconstruction and Development, one of SKB-Bank’s stockholders) and set up a special Internal Audit Department, the bank’s press officer reports. The introduction of the new subdivision is aimed at supporting the bank’s internal control development and improvement while the business keeps on expanding. The Department aims to assess the efficiency and the quality of the bank’s risk

Sverdlovsk Gubernskiy Bank’s Board of Directors suggested that Sergey Prygunov should become the bank’s Chairman of the Supervisory Board. At the moment, this candidate is the current Chairman’s first deputy and used to be SKB-Bank’s Deputy Chairman of the Supervisory Board for Retail Lending. ‘Sergey Prygunov is an experienced manager that proved highly efficient at running SKB-Bank’s key business segment. Now he is to implement the recovery plan Sinara Group came up with for Sverdlovsk Gubernskiy Bank’s troubled finances. This plan provides for a dramatic improvement of the bank’s financial

The Ural Bank for Reconstruction and Development and Club 66 came up with a new co-branding VISA card project. The bank’s latest card edition combines trendy design with the whole range of discounts Club 66 offers to cardholders, the bank’s press officer reports. VISA UBRD-Club66 cardholders thus get entitled to modern and multifunctional banking service and can also enjoy the discounts in over 150 places in Yekaterinburg. What is more, this co-branding card also gives you an opportunity to take part in special offers and lotteries conducted by the members of Club 66. In case you have the

MSA a.s., the major Czech pipeline fittings manufacturer (part of Rimera, ChTPZ Group’s O&G maintenance division) has been given a certificate that proves the company’s products’ compliance with the Ukrainian standards. Getting the certificate means MSA a.s. is now allowed to supply its 100 mm to 1,400 mm globe valves capable of sustaining up to 25 megapascals for oil and gas pipelines. The certificate was issued by Ukraine’s State Committee for Technical Regulation and Consumer Policy. ‘Getting our produce certified in accordance with the Ukrainian requirements is a logical step on the

‘I am positive that, under the current economically unstable circumstances, quite a few Russian carriers are going to survive this winter. A lot of them might have to leave the market,’ Ural Airlines’ General Director Sergey Skuratov announced in the course of a recent press conference. ‘We are already getting proposals from some smaller market players who suggest we could merge. Then, we had a merger proposal from Aeroflot as well, but we backed out of this offer. I believe our company is strong enough to get through the crisis and remain an independent entity,’ Skuratov said.