The volume of deposits opened by private individuals in the Ural Bank for Reconstruction and Development rose by 42.4% and reached 20,160,500,000 RUR in 2007, which is the 31st best result among the Top 100 Russian banks according to Interfax-CEA’s rating. 'The fact that the Ural Bank for Reconstruction and Development invariably does very well in terms of attracting private investors’ money proves that the bank’s deposit offers are quite competitive. The bank comes up with some new appealing offers on a regular basis, trying to improve them so as to meet the customers’ changing needs

SKB-Bank’s Board of Directors approved of the decision taken at the extraordinary general meeting regarding the increase in the bank’s authorized capital. The capital is to be raised by 35% and will thus reach 1,822,775,000 RUR, the bank’s press officer reports. This is expected to be done through an additional share issue of 471,630,000 ordinary shares with face value of 1 RUR each. The share price was determined by the BOD at 3.7 RUR apiece.

Central Bank of Russia reports volume of loans given by Uralfinprombank to sole traders despite overdraft went down by 100% (from 15 million RUR to zero) in December 2007-January 2008.

Central Bank of Russia reports volume of loans given by Sverdlovsk Gubernskiy Bank to for-profit self-regulatory organizations for 1 to 3 years went down by 14.39% (from 256.191 million RUR to 219.33 million RUR) in December 2007-January 2008.

'METCOMBANK is working hard to support its customers, especially those who get their pay through the bank’s plastic card accounts, by offering them some more advantageous types of loans. As a result, our customers are now using the credit having a bank card entitles them to,’ the bank’s press officer said to UrBC. 'It appears that using a bank card as a ‘family purse’ of sorts is the prevailing trend on the consumer lending market nowadays. People use cards to pay for everything, so the volume of these types of credit amounted to 114 million RUR on January 1, 2008 compared with only

According to the Central Bank of Russia, volume of loans given by Plato Bank to for-profit self-regulatory organizations for 1 to 3 years went down by 10.56% (from 61.96 million RUR to 55.395 million RUR) in December 2007-January 2008.

Central Bank of Russia reports volume of loans given by Universal Bank to sole traders for 181 days to 1 year dropped by 19.39% (from 16.5 million RUR to 13.3 million RUR) in December 2007-January 2008.

ChTPZ Group’s pipe-making enterprises reorganized and improved their maintenance services, the spokesperson for the Group said to UrBC. Pervouralsk New Pipe Plant and Chelyabinsk Tube Rolling Plant, for example, needed one year to merge all the services meant for various shops in single maintenance centers. The idea behind these mergers was to cut down on costs through more effective cooperation among the main production shops and the auxiliary services. At the moment, the two plants’ maintenance centers employ over 6,000 people, who have to provide the shops with tools and equipment and

According to Interfax-CEA’s ranking of Russia’s top banks as of December 31, 2007, Ural Treasures Bank was Ural Federal District’s 15th largest bank and Russia’s 86th largest bank in terms of private individuals’ deposit volume. In addition, the bank was rated Ural Federal District’s 9th largest bank and Russia’s 185th largest bank in terms of asset volume. Ural Treasures Bank’s assets rose by 23.2% in 2007 compared to a year earlier.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of February 12, 2008, the share price of Alfa Capital Index MICEX (Alfa Capital Management Company) has gone down by 12.35% since the beginning of the year.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of February 11, 2008, the share price of VTB Stock Fund (VTB Asset Management Company) has gone down by 15.10% since the beginning of the year.

The Academic construction project manager Stanislav Pridvizhkin made a report on the implementation of the project at a meeting devoted to construction in Sverdlovsk Region. The meeting was chaired by Governor of Sverdlovsk Region Eduard Rossel. The attendees were shown a few video snapshots made during the pilot launch of a powered balloon that is going to float above the construction site at the height of 100 meters, provided there is no strong wind. If this launch proves to be a success, the whole construction process could be monitored online.

According to the Bank of Russia, there were 1,135 crediting organizations in the country on February 1, 2008, which falls short of the figures for February 2003 by 115 banks. The maximum number of banks actually closed down in 2006. All these banks operate through 3,475 subsidiaries altogether; their number dropped by 99 outlets in 2003 and by 11 outlets in 2006, while the years 2004, 2005, and 2007 were the periods of extensive subsidiary network growth. 189 new bank subsidiaries were set up between February 1, 2007 and February 1, 2008. Besides, 20 new branches were introduced in January

Central Bank of Russia reports volume of loans given by Uralfinance to for-profit self-regulatory organizations despite overdraft plummeted by 76.87% (from 4.268 million RUR to 987,000 RUR) in December 2007-January 2008.

Sverdlovsk Region Minister for Economy and Labor Mikhail Maximov announced in the course of a meeting devoted to the Great Eurasian University project and chaired by Governor of Sverdlovsk Region Eduard Rossel that the project was not clear enough or elaborated enough yet. Mr. Maximov also called for keeping in mind that getting any substantial financing from the federal budget was not very likely. The Governor suggested that the meeting participants think carefully over the type of graduates this future university will produce, that is, the fields they’ll specialize in and the quality of

Central Bank of Russia reports volume of loans given by SberInvestBank to self-regulatory financial organizations for 1 to 3 years went down by 18.73% (from 24.71 million RUR to 20.08 million RUR) in December 2007-January 2008.

METCOMBANK offered its customers 763.5 million RUR worth of mortgage loans in 2007, which is 1,000 times more than two years earlier, the bank’s press officer reports. ‘Mortgages are a complicated and still unusual way of lending. Nevertheless, METCOMBANK is trying hard to make them both affordable and attractive. For one, we decreased the interest rates on mortgage loans last year. Besides, we started offering mortgages on country cottages and dwellings still under construction rather than just existing homes within the urban network. Moreover, we also moved from individual deals to offering

According to the National Managers’ League’s ranking of unit investment funds as of February 11, 2008, the share price of Raiffeisen Index MICEX (Raiffeisen Capital Management Company) has gone down by 15.11% since the beginning of 2008.

The Academic construction project manager Stanislav Pridvizhkin made a report on the implementation of the project at a meeting devoted to construction in Sverdlovsk Region. The meeting was chaired by Governor of Sverdlovsk Region Eduard Rossel. According to Mr. Pridvizhkin, all the construction stages fit the schedule. So far, the developer has already signed an agreement regarding the design of socially important buildings and objects. Mr. Rossel said RENOVA Stroy Group (the builder) did meet all of its liabilities, so the first apartment blocks that the company was to put up would

According to the Central Bank of Russia, volume of loans given by UniCreditBank to local governments and Russian Federation subjects’ financial bodies plummeted by 90.67% (from 150 million RUR to 14 million RUR) in December 2007-January 2008.