Metallosnabzheniye I Sbyt’s July issue carried a rating of Russia’s leading ferrous and non-ferrous metals manufacturers and traders in the first half of 2010. Magnitogorsk Iron & Steel Works (MMK) was rated Russia’s best sheet products manufacturer. Then, MMK-Metiz (MMK’s daughter enterprise) was featured in the rating as one of Russia’s top three metal goods manufacturer; OOO MMK Trading House became the second best metal trader, MMK PR Department reports. The magazine rating is compiled on the basis of the questionnaires filled in by the customers, the market experts’ responses, and

It looks like the solvent demand for housing has gone back to its pre-recession levels now, even though the mortgage market does not seem to follow suit just yet: the existing homes buyers are faced with the lack of affordable mortgage schemes at the moment. This is why SKB-Bank wants to meet the market expectations by launching its own mortgage program on July 12, 2010. ‘Our new program can be seen as an express mortgage of sorts. It’s just as easy to get a mortgage under this scheme as it is to get a regular customer loan. The difference lies in that the future house, apartment, or room

Expert-Ural, an analytical center, came up with its rating of banks located in the Urals and Western Siberia based on these banks’ performance in the first quarter of 2010. Eighty-three banks were featured in the Top list altogether. The banks were evaluated on the basis of the following parameters: asset volume, private individuals’ lending portfolio volume, private individuals’ deposits volume, and the amount of money placed with the bank by legal entities. OOO Koltso Urala Commercial Bank was featured in the Top15 Banks lists on along all these characteristics. For instance, Koltso Urala

The Ural Bank for Reconstruction and Development now gives its customers an opportunity to apply for its most popular loans online. The Open and Minute’s Work loans and the bank’s credit card with a grace period have now grown both advantageous and convenient thanks to the online application option. ‘You can visit the bank’s website at any suitable time and complete the application for one of the three products offered. Since you can take your time and have all the documents at home, you can fill in all the blanks as precisely as possible. What is more, you can always go back to any point to

The international rating agency affirmed UralTransBank’s B- long-term Issuer Default Rating with Stable outlook. The rating affirmation means the agency has taken into account the recent improvements on the market; still, Fitch Ratings feels the bank should be worried about the poor quality of its assets. ‘According to its reports, UralTransBank’s bad debt came to 20.8% of the total lending portfolio at the end of the fist quarter, whereas 21% of the portfolio underwent restructuring. Also, the bank keeps negotiating with the problem borrowers. At the same time, UralTransBank’s shrinking