Ural Federal District’s division of the Federal Financial Market Service’s officials carried out a scheduled inspection on Bank24.ru’s premises and detected that the bank was actually violating the Russian legislation. As a result, the company was ordered to eliminate these violations.

The checks and inspections carried out by Sverdlovsk Region’s public prosecution authorities revealed that Yekaterinburg-based Uralmashzavod had over 60 million RUR worth of wage arrears, the spokesperson for the Russian Federation’s General Public Prosecutor reports. Upon the authorities’ order, the wages were paid to the workers; besides, the employees were given 777,700 RUR to make up for the delay. What is more, Uralmash-Drilling Machinery also owed its workers 10 million RUR worth of wages; following the inspection and the public prosecution authorities’ order, all the sums were handed

Leader Holding Company sold its 33.3216% shareholding in CIT Capital to STANMORLAND INVESMENTS LIMITED and CHARISMA COMMERCIAL GROUP INC. The former bought a 24% shareholding in CIT Capital; the latter acquired the 9.3216% one. The court actually declared CIT Capital insolvent on December 27, 2008; the decision was taken on the basis of CIT Capital’s application where the company explained that they owed their creditors over 3.982 billion RUR. At the moment, the business has 16.708 million RUR worth of top-priority commitments, whereas a number of general jurisdiction, arbitration, and

SKB-Bank topped the Urals’ businesses activity index rating compiled by Kommersant Publishing House’s analysts; the No.1 position was scored by the bank in the Finances category. ‘SKB-Bank was definitely the company most frequently mentioned or featured on Kommersant-Ural’s pages last year, leaving all the other banks behind,’ the bank’s press officer says. The rating assessors report the bank was actually referred to by the magazine thirty-two times in 2008 in comparison with twenty times a year earlier (which still secured the bank the top position in the rating in 2007). As for 2006,

‘The citizens of the EU’s sixteen countries located within the Euro zone came to believe in the banking system at the time of a global financial crisis,’ Bank Monetniy Dom reports. According to the European Central Bank, people started to spend less and to place more money on bank deposits. By the end of December 2008, for instance, 1,795 trillion euros had been kept in the form of bank deposits within the Euro zone, which exceeded the figures for 2007 by 1.6%. A certain increase in the bank deposit volume could be noticed in Russia as well. For one, Russian people deposited over 400 billion

Metallosnabzheniye I Sbyt magazine came up with the results on the survey targeted at selecting the best ferrous and non-ferrous metals manufacturers and traders in the second half of 2008. The magazine reports their rating is compiled on the basis of the questionnaires filled in by the customers and the market experts’ responses. As for the criteria, what the magazine took into account was the delivery volumes, services rendered, the quality of produce, and the ability to meet one’s contractual obligations in full. In addition, the rating was also influenced by the factors that kept