According to the Central Bank of Russia, volume of private individuals’ demand deposits and other investments in Bank Uralfinance dropped by 16.52% (from 16.047 million RUR to 13.395 million RUR) in January-July 2008.

‘Not only did our Magnificent Seven deposit prove as good as we had expected it to be, but it actually surpassed our boldest expectations. More than 7,500 people have used this deposit type within the first month of launching it alone, which is even more striking given that that we did not engage in any aggressive ad campaign to speak of. The deposit grew so amazingly popular that we thought it best to introduce it in all of URSA Bank’s subsidiaries a few weeks ahead of the original schedule. We’ve even had some customers calling from offices in Serov who wanted to use the deposit ASAP just a

Ural Treasures Bank is going to become Rus-Bank-Ural Open Joint Stock Company on September 4, 2008. The rest of the bank’s details have remained the same: the bank’s C/A number in the Bank of Russia’s Yekaterinburg division is 30101810300000000942, the tax payer number is 6603005465, the bank identification code is 046551942, the tax inspectorate registration code (KPP) is 667101001, OKPO number is 09253056, OKVED number is 65.12, and the state registration number (OGRN) is 1026600000932.

Ural Airlines flew its millionth passenger in 2008: this was Dmitriy Tarantin, who used the company’s Yekaterinburg-Sochi flight 219 at 9.30 AM on August 29, 2008. The airline’s Deputy CFO Dmitriy Lvov congratulated the lucky passenger and presented him with a laptop. Remarkably, the carrier is to welcome its millionth passenger of the year two months earlier compared to the year 2007. ‘This has to do with the greater number of aircraft we operate now. Ural Airlines is now using some Russian aircraft as well as five modern and comfortable A 320 airplanes that make it possible to offer our

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in VUZ-Bank valid for 1 to 3 years went down by 14.34% (from 23.661 million RUR to 20.268 million RUR) in January-July 2008.

According to Delovoy Kvartal’s rating, SKB-Leasing was Yekaterinburg’s second best leasing market player in the first half of 2008. The magazine reports SKB-Leasing was able to outstrip many federal-scale companies in the rating with its 688 million RUR worth of money provided to the customers in the first half of the year. At the same time, SKB-Leasing has remained Yekaterinburg’s No. 1 in terms of money offered to finance the purchase of machinery; besides, the company tops the ratings that feature the market leaders in terms of new transaction costs, current transaction costs, volume of

‘The clashes between Koltsovo airport of Yekaterinburg and Krasnoyarsk Airlines have more than the civil law contract side to them; the transport authorities are rightly pointing to the need to look into the actual circumstances,’ lawyer Ivan Kadochnikov said to UrBC. The region’s public prosecution authorities for transportation warned Koltsovo airport against refusing to render any ground handling services to Krasnoyarsk Airlines due to the carrier’s failing to pay their ground handling bills. The authorities report this would be a violation of the federal laws. ‘It’s quite true that

Central Bank of Russia reports volume of loans given by UralTransBank to private individuals for 91 to 180 days dropped by 42.04% (from 4.495 million RUR to 2.605 million RUR) in January-July 2008.

According to the Central Bank of Russia, volume of private individuals’ deposits and other investments in Bank24.ru valid for 1 to 3 years went down by 53.54% (from 409.772 million RUR to 190.353 million RUR) in January-July 2008.

URSA Bank has recently completed a $5.5m trade financing transaction. The money was obtained from the European Bank for Reconstruction and Development for Delrus, one of the major players on Russia’s medical equipment market. The transaction was carried out within the framework of the European Bank for Reconstruction and Development’s Trade Facilitation Programme (TFP). URSA Bank has been cooperating with the EBRD since October 2005. This particular loan will be used for buying medical equipment. In fact, URSA Bank also received $2.5m for a two-year period in June 2008 to finance the import

‘The Koltsovo airport of Yekaterinburg’s management’s decision to stop servicing Krasnoyarsk Airlines’ aircraft is actually in contradiction with the federal legislation on natural monopolies and protection of free competition. All the economic agents are supposed to settle their disputes in court without infringing on the consumers’ rights and interests. Otherwise, flights will inevitably be delayed, the passengers will be discriminated against, and the grave violations of the federal bill on consumer rights protection will be unavoidable,’ the region’s public prosecution authorities for

‘The Russian stock market is getting livelier again after the summer recess has come to an end and the investors are starting to buy more shares and bonds. At the moment, the market’s main influence is the world’s becoming more or less politically stable (mainly after Russia and the West came to terms with the war in the Caucasus) and the going down of Russian shares’ listings,’ SKB-Bank’s Trading Operations Director Evgeniy Batuyev said to an UrBC reporter. ‘At the same time, the U.S. economy still looks very alarming, whereas Russia’s relations with NATO and G8 members are currently far

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Bank Uralfinance valid for 1 to 3 years dropped by 67.02% (from 39.5 million RUR to 13.000027 million RUR) in January-July 2008.

UralFinPromBank’s Chairman Ildar Gubaev announced that the bank’s stockholders could buy registered uncertified common shares at a price of 12 RUR apiece. The proposal is to be accepted or otherwise decided upon within seventy days. At the moment, Ildar Gubaev and related stockholders own 65.68% of UralFinPromBank’s shares.

‘Our Magnificent Seven deposit was designed and developed in full compliance with the totally customer-oriented quality management system. We aimed to make the end product as convenient for the customers as is only possible,’ URSA Bank’s Ural branch’s Vice President Alexei Sannikov says. The bank executive reports the deposit was launched on the market in accordance with all the USP-promoting techniques: ‘First, we looked into our clients’ needs and worked with focus groups consisting of people who’ve got a deposit already and of those who don’t use our products; we carried out a number of

UC RUSAL’s Severouralsk bauxite mine (SUBR) is currently employing some components of the Japanese lean production system: Total Productive Maintenance (TPM), standardization, daily management, and the 5S principles. ‘We first started using the system in November 2007 when we identified the experimental areas and began training the personnel. It appears that the production shop workers, who had a chance to learn from UC RUSAL’s smelters’ experience, were able to master the system faster,’ says UC RUSAL’s spokesperson for the Urals Roman Lukichev. ‘Novo-Kalyinskaya mine, one of SUBR’s

A new steel-smelting complex meant for producing up to 950,000 tons of weldless tube casting a year will be launched at Pervouralsk New Pipe Plant (part of ChTPZ Group) in the first quarter of 2009. ‘The complex will provide ChTPZ Group’s Pervouralsk New Pipe Plant and Chelyabinsk Tube Rolling Plant with great quality casting that meets all the legal standards and requirements,’ ChTPZ Group’s press officer reports. ‘SMS-Demag’s technology that is to be employed in the new facility is currently the most advanced way of processing iron-bearing stuffs. The new facility will replace the older,

The region’s environmental committee’s latest meeting was dedicated to looking into the town of Krasnouralsk’s conservational agenda and the environmental program of Svyatogor, the town’s major polluter. The meeting was chaired by Sverdlovsk Region’s First Deputy Minister of Economics and Labor Vitaly Nedelskiy and Sverdlovsk Region’s First Deputy Minister of Natural Resources Galina Pakhalchak. Svyatogor is actually responsible for dumping over 97% of all pollutants the town is suffering from, including sulfur dioxide, nitrogen dioxide, lead, arsenic and its compounds. The enterprise’s

‘The Magnificent Seven, our latest deposit offer, is a complex and hi-tech product. It took our experts, accountants, and IT specialists all their capacity and creative potential to develop the product. Combining the daily capitalization of interest, the topping up option, and the increase in the interest rate depending on the growing amount of money in the deposit account was no easy thing. Some of our employees have actually ended up with a bit of grey hair on their heads, but the bank managed to launch this deposit at the end of the day,’ says URSA Bank’s Ural branch’s Vice President

Ural Airlines reports the company is going to fly its millionth passenger in 2008 on August 29, 2008. This will probably be someone on the company’s 8.20 AM Yekaterinburg-Moscow flight or 9.30 AM Yekaterinburg-Sochi flight. The lucky passenger will get a nice present as usual, the airline’s press office reports. Remarkably, the carrier is to welcome its millionth passenger of the year two months earlier compared to the year 2007. ‘This has to do with the greater number of aircraft we operate now. Ural Airlines is now using some Russian aircraft as well as five modern and comfortable A 320