Bank Severnaya Kazna offered its customers 2,367,976,000 RUR less worth of loans in December 2008 compared with the previous month. In November 2008, the bank’s lending volume reached 27,118,929,000 RUR, whereas by January 1, 2009, the figure dropped down to 24,754,962,000 RUR.


Bank Severnaya Kazna was sold to Alfa-Bank at the end of November 2008. The former was reported to have experienced grave liquidity problems at that moment.