Rosbank’s Ural Federal District branch announced that its reorganization is now complete. The bank’s Ural subsidiary located in Yekaterinburg was set up through a merger of regional subdivisions. However, this was accompanied by redundancies, Rosbank’s First Deputy Chairman of the Supervisory Board Igor Antonov explained to reporters in the course of a press conference. ‘We have re-evaluated our risks approaches, and our terms have grown stricter. We had to stop doing business with some of the borrowers, which resulted in fewer overdue loans. We have also switched to a forceful reduction of

NOMOS Bank is reducing the number of offices it operates in the Urals. For one, the bank will soon leave Sverdlovsk and Chelyabinsk Regions. NOMOS’s outlets will be handed over to Khanty-Mansiysky Bank which is actually co-owned by NOMOS, NOMOS Bank’s President Dmitri Sokolov told the reporters at a press conference in Yekaterinburg. NOMOS Bank currently runs two offices in Yekaterinburg and one office in Kamensk-Uralsky. As for the Southern Urals, there is one office in each of these: Chelyabinsk, Magnitogorsk, and Trekhgorny. At the same time, there are already two outlets of

Autoland Sweden went into liquidation because of reorganization through merging with RegionProm. This news was announced at a Sverdlovsk Region Arbitration Court hearing. In the meantime, MDM Bank is trying to make Uralchermetavto and Autoland Sever pay them over 206m RUR. As Autoland Sweden stopped operating as an independent entity, the court is replacing the third party with its assignee, RegionProm. The preliminary court hearing for the case was therefore put off till April 2, 2012.

The management of the Russian social network VKontakte accused Samsung Electronics’ Russian representation and the content provider i-Free of a corrupt collusion, Interfax reports. VKontakte’s Deputy DG Ilya Perekopsky came up with a statement where he claims that at the end of 2011, the representatives of Samsung’s Russian division asked the social network to allow them to pre-install the official VKontakte app onto Samsung smartphone Android platform. VKontakte agreed to this, but Samsung representatives suddenly announced early in 2012 that they had decided to design their own Android app,

The American division of Pipe Metallurgical Company (TMK) TMK IPSCO is now working on the construction of a production site meant for manufacturing pipes with ULTRA premium threaded joints and for maintenance. The site is located in Edmonton, Canada. The new production line, fitted with the most advanced equipment, will produce a full range of premium threaded joints of the UTRA family. The customers will also be offered a variety of accompanying products and maintenance and repair services. The new line is expected to be launched in Edmonton at the end of 2012.