Bank Severnaya Kazna’s additional office located at 39a Pobeda St. in Kamensk-Uralskiy is to stop operating on February 16, 2009. The news has been announced via the bank’s official website.

The investments and savings placed by private individuals in SKB-Bank have recently amounted to more than 15.5 billion RUR (compared with 13.7 billion RUR at the beginning of 2009). ‘Our Patriot deposit type definitely enjoys the greatest demand at the moment, primarily because the annual interest rate is set at 16.01% for the first one hundred days of the deposit period, while the minimum amount of money you must deposit only comes to 10,000 RUR. What is more, all the depositors get a chance to win UAZ Patriot, an off-road vehicle. In fact, over 5.5 billion RUR have been placed with the bank

‘The dramatic plummeting of the bank’s net assets last December was brought about by having to create the additional reserves to make up for the possible bad debt damages, as Bank Severnaya Kazna’s loan portfolio lost some of its strength in the winter of 2008,’ the spokesperson for Alfa-Bank said to an UrBC representative. Bank Severnaya Kazna’s net assets actually dropped by over 7.1 billion RUR (from 43.1 billion RUR to 35.9 billion RUR), or by 16.5% in December 2008. The decrease occurred after the bank had been acquired by Alfa-Bank. The financial data to this extent were published via

Bank24.ru informed its private customers about the availability of loans to them again, ‘anti-crisis loans’ this time. The interest rates come to at least 25% a year, with the loan period coming to anything between three and thirty-six months. The minimum amount of money one can borrow from a bank is 15,000 RUR.

URSA Bank retired ?59m worth of bonds and liabilities at par by February 11, 2009 after declaring early in January that they were planning on buying out their ?400m-issue of Euro bonds. The schedule of this buy-out program provides for acquiring the Euro bonds issued by URSA Finance Plc in May 2007; the coupon yield was determined at 7% a year, while the bonds were to be in circulation for three years. URSA Bank intends to buy the bonds on the public market as well as through private deals. ‘URSA Bank is known as a company that cares about its investors and partners’ interests and offers all