Alfa-Bank closes 7 offices of Bank Severnaya Kazna due to red ink

26 January 2009 (12:15)

‘Our financial recovery plan targeted at helping Bank Severnaya Kazna included a detailed analysis which resulted in the decision to close down seven of the bank’s offices because they showed complete lack of profits over this and last periods,’ Alfa-Bank’s representative said to an UrBC reporter.

Six of Bank Severnaya Kazna’s (now the asset of Alfa-Bank) offices located in Sverdlovsk Region are to stop operating in the nearest future. Four of these are based in Yekaterinburg; one office is located in Kamensk-Uralskiy, and one more in Pervouralsk. In addition, one more office stopped operating as early as January 15, 2009.

‘As for the remaining thirty-four offices, they are to keep working as usual; we are not planning on closing them down in the foreseeable future,’ Alfa-Bank says.

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