Barclays Bank announced recently that they were planning to open a representation in Yekaterinburg after the decision to this extent was taken in the course of an extraordinary general meeting.

The representation will probably welcome its first customers on October 15, 2009 and is to be located at 10 Khokhryakov St. As a matter of fact, the business center situated there already hosts Unicreditbank.

According to Forbes’s Russian edition, Barclays Group had $11.8bn worth of losses in 2008.