Central Bank of Russia reports volume of loans given by Snezhinskiy Bank to sole traders despite overdraft went down by 17% (from 540,000 RUR to 449,000 RUR) in January-September 2007.

Avtostrada Corporation Ltd set up an official subsidiary in Novosibirsk that will offer its services to customers from Novosibirsk, Omsk, Tomsk, and Kemerov Regions as well as to people living in Altai and Krasnoyarsk Territories. The introduction of the new branch was part of the company’s geographical growth and subsidiary network expansion program targeted at making the business as customer-friendly as possible. ‘Avtostrada broke into the Siberian market in April 2007, and six months was enough for us to understand that setting up a subsidiary would probably be a good idea, as it can both

The Expert Ural magazine came up with the rating of the Ural Region’s banks; four banks from Tyumen Region, three banks based in Sverdlovsk Region, and three Chelyabinsk Region banks filled the top ten positions. SKB-Bank was rated as the region’s most successful bank in terms of asset growth; the volume of the bank’s assets amounted to more than 24.1 billion RUR on July 1, 2007, which is 25% better than three months earlier, the magazine observes. SKB-Bank was also named the Urals’ No.1 in terms of consumer loan portfolio growth (the increase reached 43% over just three months) as well as in

UC RUSAL is going to spend $1.4bn on its seven-year environmental protection program. 'All of UC RUSAL’s member companies are to get $1.4bn each; besides, we are planning on cutting the amount of harmful emissions by 1.5 times by 2015,’ the company’s International Projects Director Alexander Livshits announced after signing a protocol on cooperation with the United Nations. UC RUSAL exports its produce to seventy different countries and is responsible for 12.5% of the global aluminum output and for 16% of the global production of alumina.

‘Nizhneserginskiy Hardware Plant (part of Maxi Group) might actually have to close down due to lack of working assets,’ Maxi Group’s PR Director Alexander Popov said to UrBC. Maxi Group CEO Nikolai Maximov has already applied to Russian President Vladimir Putin for state support, since the company owes some 38 billion RUR to about fifty banks, whereas the banks themselves refuse to go for refinancing because of a recent financial crisis in the U.S. Mr. Maximov says Maxi Group has to spend all of its working assets on debt payments, which has been affecting their production quite badly (that

'I am very dissatisfied with both Sverdlovsk Region Railways’ investment plan and its current condition,’ Governor of Sverdlovsk Region Eduard Rossel said at a press conference on October 31, 2007. The Governor feels the problem needs to be solved in the nearest possible future, as poor railways are hindering the region’s economic development. 'We have to be dealing with the railway issues faster than with the economic ones,’ he observed.

A press conference on the bank’s new developmental stages organized by URSA Bank’s top management and the bank’s business partners was held in Interfax’s press center. It was announced that Russia New Growth Fund managed by Troika Capital Partners (TCP) had bought URSA Bank’s shareholding consisting of 7.4% of the bank’s ordinary shares acquired from S.M. Capital Group. Experts’ estimates of the bank’s capitalization range from $2.5bn to $2.4bn. URSA Bank has been doing business with Troika Dialog for a quite a while now; their latest success story involved going through with two preference

Central Bank of Russia reports volume of natural persons’ demand deposits and investments in Universal Bank went down by 95.5% (from 21.698 million RUR to 973,000 RUR) in January-September 2007.

According to the Central Bank of Russia, volume of self-regulatory financial organizations’ deposits in VUZ Bank valid for 1 to 3 years went down by 52.26% (from 38.5 million RUR to 18.38 million RUR) in January-September 2007.

According to the Central Bank of Russia, volume of loans given by Pervouralsk Joint Stock Commercial Bank to for-profit self-regulatory organizations valid for over 3 years went down by 20.56% (from 8 million RUR to 6.355 million RUR) in January-September 2007.

A number of Aviaprad’s flights were delayed due to bad weather conditions. Koltsovo airport of Yekaterinburg reports the carrier’s Yekaterinburg-Moscow flight scheduled for 9 AM was delayed by four hours. Besides, another flight only landed in Yekaterinburg at 12.40 PM instead of 1.40 AM due to a strong fog.

Ural Airlines negotiated for the introduction of chartered flights from Yekaterinburg to Paris and back on October 30, 2007. The flights will be available throughout the winter holiday season; this was coordinated by Europort and DSBW-Tours, who are already offering tours to France to the city dwellers. As it happens, the only way to get to Paris this winter is through these travel agents, as there are no plane tickets freely offered for sale, the airline’s press officer reports. Prior to this, the company’s longest scheduled flight that used to take about six hours and flew the passengers to

The regional statisticians came up with some data on Sverdlovsk Region’s socio-economic development in January-September 2007. The region’s foreign trade turnover came to $7.4bn in January-August 2007 (excluding the exported and imported goods that are officially not liable to declaration). This is 27.4% more than a year earlier; the share of exported goods amounted to $5.8bn (which is 24.6% more than in January-August 2006) and the share of imported goods reached $1.6bn (which is 38.5% more than in January-August 2006). The export surplus amounted to $4.2bn against $3.5bn a year earlier. In

Central Bank of Russia reports volume of natural persons’ investments and deposits in Tagilbank valid for 31 to 90 days went down by 30.29% (from 28.76 million RUR to 20.049 million RUR) in January-September 2007.

Central Bank of Russia reports volume of natural persons’ demand deposits and other investments in Tyumenenergobank went down by 50.24% (from 150.083 million RUR to 74.684 million RUR) in January-September 2007.

Central Bank of Russia reports the volume of self-regulatory financial organizations’ deposits in AGROPROMBANK Credit valid for 181 days to 1 year went down by 15.73% (from 231.132 million RUR to 194.774 million RUR) in January-September 2007.

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations for 1 to 3 years went down by 3% (from 110 million RUR to 106.68 million RUR) in January-September 2007.

Central Bank of Russia reports volume of loans given by UralFinPromBank to for-profit self-regulatory organizations for 31 to 90 days went down by 45% (from 255.187 million RUR to 140.236 million RUR) in January-September 2007.

UC RUSAL’s Khakas Aluminum Plant reached its full capacity well before the deadline. The plant is now capable of producing 300,000 tons of aluminum a year; this has so far required more than $750m in terms of investments, UC RUSAL’s local press officer Roman Lukichev said to UrBC. At the beginning of the year, the plant underwent an auditing procedure conducted by a group of independent experts at the request of BNP Paribas Bank; the experts came to a conclusion that the enterprise meets all the Equator Principles requirements, which means full compliance with both domestic and international

According to the Central Bank of Russia, volume of natural persons’ demand deposits and investments in Uralprivatbank went down by 45.19% (from 18.916 million RUR to 10.367 million RUR) in January-September 2007.