26 August 200807:44

Federal Antimonopoly Service lays claim against Bank Severnaya Kazna

Sverdlovsk Region’s division of the Federal Antimonopoly Service laid a claim against Bank Severnaya Kazna related to the latter’s alleged violation of the federal bill on advertising, the spokesperson for the Service reports. The bank’s advertisements are reported to be missing some information on the customers’ expenses related to the opening of a bank account, and insurance of life and working ability. Then, one of the ads did not inform the customers that the bank was allowed to change the interest rate on the loan at will. Another violation was connected with lack of information about
26 August 200807:38

SKB-Bank sets up representations in Kazan and Khabarovsk

SKB-Bank’s new representations welcome customers in Kazan and Khabarovsk. The Kazan office can be found at 306 Chernyshevskiy St., while the one in Khabarovsk is located at 22a Postyshev St. ‘The geographical positioning of the offices is not coincidental. Khabarovsk enjoys the well-deserved reputation of being the capital of Russia’s Far East; it is the region’s second most populated city and the country’s fourth largest city in terms of area. Khabarovsk is one of the Far Eastern cities with enormous industrial, transportation, cultural, and scientific potential, while Kazan is a home to
25 August 200809:34

UC RUSAL’S POSITION ON NORILSK NICKEL SHARE BUY BACK

UC RUSAL has voted against Interros’s proposal that Norilsk Nickel use cash funds to buy back the company’s shares. UC RUSAL has consistently advocated that funds not used in investment programmes should be distributed among all shareholders by way of a dividend. We believe that a dividend payment is the most effective form of using unallocated cash funds in the interest of all shareholders. Furthermore a dividend payment would not infringe upon the rights of minority shareholders who have no intention to sell their shares. We believe Interros has seized upon the buy back instead of a
25 August 200808:43

Better use of forex/gold holdings to do banking system good, Ural Treasures Bank says

‘The proposals Garegin Tosunyan came up with at the 9th All-Russian Banking Forum are nothing new. There are plenty of banks that keep suggesting ways of invigorating the country’s banking system for several years now. It makes sense for the Association of Russian Banks to try and act as the bankers’ trade union of sorts and to present these initiatives to the state authorities,’ Ural Treasures Bank’s Marketing Management Director Konstantin Yushkov said to an UrBC reporter. In the course of the forum, President of the Association Garegin Tosunyan said banks needed a wider resource base and
25 August 200808:39

Customer service to improve as banks face competition, URSA Bank says

‘The rules of competing on the private individuals’ deposit market are as standard as on any other one. You can beat your rivals with the help of a product’s price or through better service,’ URSA Bank’s Ural branch’s Vice President Alexei Sannikov reports. The bank executive feels the first stage of market competition is usually characterized by pricing policy adaptations, like offering better interest rates on deposits. ‘Small banks normally focus on introducing higher interest rates; larger banks follow suit, but not too fast, since they can afford to compete through non-price components
25 August 200808:27

International conference in Khanty-Mansiysk put off till 2009

A committee responsible for organizing and coordinating the international conference on Russia’s gas and oil producing regions’ role in the achievement of Millennium Development Goals met in Khanty-Mansiysk to discuss the preparation process. Deputy Head of Khanty-Mansiysk Autonomous Region Government Vladimir Karasev was requested by Governor of Yugra Alexander Filipenko to chair the meeting. The event was attended by Chairman of the Soviet of the Federation North Development Committee and Northern Forum Association’s Regional Coordinator Gennady Oleynik, who informed the audience that,
22 August 200813:16

Chelyabinsk Region to be self-sustained food wise by 2011, Governor says

Governor of Chelyabinsk Region Petr Sumin held a traditional reception for the winners of the regional animal husbandry and aviculture contest. The spokesperson for the Governor reports the event was visited by workers of cattle- and pig-breeding farms and poultry factories. The thirty-nine winners were selected in nineteen categories, including the ones like Best Machine Milking Operator, Best Calf-Rearing Specialist, Best Livestock Expert, and Best Veterinarian. In addition, diplomas and certificates were given to the entire departments of cattle-breeding, agricultural, and poultry farms
22 August 200807:55

Ural Treasures Bank launches quick money orders to Nizhniy Tagil

Ural Treasures Bank has recently introduced a number of quick money order options for its customers, who can use Migom at the bank’s office 1214/0/23 at 29/1 Stroiteley St beginning from July 23, 2008 and at office 1214/0/25 at 159 Krasnoarmeyskaya St. starting August 20, 2008. In addition, Anelik money order system is available at both offices starting August 25, 2008. MoneyGram will also be offered at the bank’s office in Krasnoarmeyskaya St beginning from August 25, 2008, the bank’s press officer reports.