Money in regional companies’ accounts go up 47.9% in nine months of 2006, reports ISB Bank

ISB Bank (Investment and Savings Bank) published a report on Sverdlovsk Region’s financial transactions in January-September 2006. The amount of money deposited by the regional banks into correspondent accounts and inter-branch accounts went up 32.5% compared to October 1, 2005. The banks deposited 8.9% of the total amount into the correspondent accounts of Sberbank of Russia, 4% into nostro accounts, and 87.1% into inter-branch accounts. The regional banks kept accumulating funds on correspondent accounts in the third quarter of 2006, so the amount of money in correspondent accounts of

ISB Bank (Investment and Savings Bank) published a report on Sverdlovsk Region’s banking activity in January-September 2006. Inter-bank loans have remained the cheapest way of finding additional finances, even though (given the current market opportunities) the annual interest rates have been going up for three months already (from 3.98% to 5%, or by 1.02%). In the course of the repurchase agreement auction held by the Bank of Russia at the end of October, the interest rates were set at 6.05%-6.3% a year, so the average annual interest rate of 2% to 4% signifies the over-liquidity of the

Bank, the statistics newsletter of the Bank of Russia in Sverdlovsk Region, published its report on the local foreign currency market in 2006. On the whole, the number of operations on the market exceeded that for 2005 by 1.8%. The number of banks’ transactions involving foreign cash went down 1.7% in the last quarter of the year compared to the previous quarter. Natural persons withdrew 17.6% more money from their foreign currency accounts in October-December 2006 compared to the previous quarter and 1.7% more money in 2006 compared to a year earlier. At the same time, they invested 5.1%

Uralinkombank summed up the results of its activity in the first half of the year. The amount of money attracted to client accounts came to 562,964,000 RUR on July 1, 2006. The amount of money on natural person accounts reached the point of 382,691,000 RUR. The loan portfolio amounted to 483,700,000 RUR; the bank’s assets grew to 666,109,000 RUR. The company has also made 4,593,000 RUR of profit within January to June reports the spokesperson for the bank.

Business customers opened 1,460 accounts in SKB-Bank in November 2008, whereas a month earlier, 1,118 accounts were opened, and 761 accounts were set up in September 2008. ‘This record actually fits the pattern of the general trend. We get more new customers every month, and almost every opening of a bank account is accompanied by an e-banking agreement. This means we get more than new accounts, what we get is the new economically active customers,’ says SKB-Bank’s Business Development Director Evgeniy Pavlov. The bank executive reports the customers are attracted to SKB-Bank because it keeps