Central Bank of Russia reports volume of loans given by UniCreditBank to local governments and Russian Federation subjects’ finance bodies for 91 to 180 days plummeted by 100% (from 14 million RUR to zero) in January-May 2008.

The share of Bank Severnaya Kazna’s BOD Chairman Vladimir Frolov in the company’s authorized capital went down from 25% to 22.49878% of the bank’s ordinary shares. At the same time, East Capital Explorer Financial Institution Fund AB now owns 10.00486% of the bank’s ordinary shares instead of none.

Yekaterinburg-based More Travel was excluded from the United Federal Register of tour operators. The decree to this extent has recently been signed by head of the Federal Tourism Agency (aka Rostourism) V. Strzhalkovskiy.

Ural Treasures Bank has recently offered its customers some new types of deposits. The Universal deposit is valid for 367 days; the customer can withdraw part of the money from their deposit provided the minimum deposit amount is left in the account. Besides, the deposit agreement may be called off earlier (the interest rates will then be determined on the basis of the bank’s early-termination interest rate scale), the bank’s press officer reports. The Savings deposit gives one a chance to plan the deposit period in between 91 and 732 days. The interest rate remains the same throughout the

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Sverdlovsk Gubernskiy Bank valid for up to 30 days dropped by 64.28% (from 14 million RUR to 5 million RUR) in January-April 2008.

‘I should say that every once in a while, some old-time investment companies actually close down after all. Iset-Invest would not be the only example of this. I would assume that the recent annulment of the license of a professional securities market player has to do with the proprietors’ decision not to go on working in the current fiercely competitive environment. Modestly-sized provincial investment companies find it increasingly difficult to stay on the market, and this market’s opportunities are not the best for the local players (that is, for about a quarter of all investment