VTB closes down Indian representation

Starting December 15, 2010, OOO Home Credit & Finance Bank’s Ural branch offices will no longer operate. For one, the bank is to close down its Chelyabinsk regional representation, Kurgan regional representation, Magnitogorsk regional representation, Nizhnevartovsk regional representation, Nizhniy Tagil regional representation, Noviy Urengoy regional representation, Nyagan regional representation, Surgut regional representation, Tyumen regional representation, Yekaterinburg regional representation, and Zlatoust regional representation. At the same time, it has been suggested that the

Investtrade Bank’s Board of Directors decided to close down its Yekaterinburg representation. The proposal was accepted by a unanimous vote.

The Bank of Moscow’s Board of Directors decided to close down the bank’s representation in Frankfurt am Main, Germany, as well as its Syktyvkar subsidiary at 9 Pervomayskaya St in Syktyvkar.

BINBANK’s Board of Directors decided in the course of a recent meeting to close down the bank’s representation in Nizhniy Tagil, Sverdlovsk Region. This means the office located at 64 Lenin St. will soon stop operating. The exact date of the liquidation is to be set by BINBANK’s President Mikhail Shishkhanov; he will also have to carry out all the procedures necessary to go through with the closure.

ZAO StarBank is leaving Sverdlovsk Region’s market and is going to close down its Yekaterinburg representation in the nearest future, the bank informed UrBC. All of the bank’s local employees will have to be made redundant. The bank’s office in Yekaterinburg is currently located at 44 Kraul St. The representation is run by Svetlana Vaganova.