Bank Monetniy Dom has recently come up with a special offer for its customers, popularly dubbed ‘Plus 1% Interest Guarantee. Under the terms of the offer, every customer who opens an Interest Guarantee deposit type at the bank on March 4-10, 2009 will be offered a one percent increase in the annual interest rate offered on this deposit type. ‘Our Interest Guarantee scheme provides for the so-called gradual interest rate that depends on the amount of time the money has been in the bank’s account. There is no topping up option, whereas the interest gets capitalized every thirty or sixty-one

Sredneuralsk Metallurgical Plant owes over 58 million RUR to one of the local banks, which is why the latter laid a claim against the company, demanding that care should be taken for the bank to get its money back. Sverdlovsk Region Court of Arbitration ruled that the plant’s machinery should be arrested. Therefore the local division of the Officers of Justice Service had 9,557,014 RUR worth of the plant’s property registered and arrested on February 24, 2009. This was done in compliance with the court’s order and on the basis of the Federal Laws 229 and 118 regarding the enforcement

‘We still haven’t been given the loan needed to put up The Ukraine Hotel on Yekaterinburg-Koltsovo Road. All the papers have been filled in and submitted, but the authorities keep finding some new faults with us. Moreover, we’ve already paid a 2.5 million-ruble commission on the loan we never got. So far, we’ve managed to find 64 million RUR, but we still need the loan resources,’ Uralzarubezhservis GD Petr Shcherbina announced at Governor of Sverdlovsk Region Eduard Rossel’s conference on construction issues. ‘We cannot have the water supply infrastructure installed because they insist on

Bankir.ru’s experts looked into the Russian banking sector’s last year’s successes and failures, with the emphasis laid on the investments made by private individuals. Their research has shown that the volume of private customers’ deposits increased by 16.9% in 2008, which was actually only a half of what the experts had predicted earlier. Then, the deposit volume growth only came to .1% in September through December 2008. Nevertheless, some of the provincial banks managed to keep their performance up in spite of the dropping demand for the deposit products; besides, these banks were actually

Governor of Chelyabinsk Region Petr Sumin commented upon the results of the recent municipal-level elections in the region. The spokesperson for the Governor reports Petr Sumin basically approved of the election campaign’s results, saying that now the elections have been through with, the mayors and the deputies have to get down to work and prove as good as their word. He also praised the region’s and town-scale election committees’ work and said the voters deserved a special thanks for turning up in such great numbers this year.

This January, Bank Severnaya Kazna’s net asset volume has gone down by 527.794 million RUR (from 35,997,129,000 RUR on January 1, 2009 to 35,469,335,000 on February 1, 2009). These data are available from the synoptic table displaying Sverdlovsk Region-based banks’ performance indicators (placed on Bank24.ru’s official website).

URSA Bank made 228,125 million RUR worth of coupon payments on its ISIN XS 0288664617ruble Eurobonds on February 26, 2009. The coupon yield was determined at 9,125% a year. The bank went through with the five-billion-ruble LPN issue on February 26, 2007; the papers were to be in circulation for three years. The issue was carried out by Ireland-based URSA Finance PLC and coordinated by Citigroup и Standard Bank.

VUZ-Bank’s losses came to 45.134 million RUR in January 2009. These data are available from the synoptic table displaying Sverdlovsk Region-based banks’ performance indicators (placed on Bank24.ru’s official website).

According to the synoptic table displaying Sverdlovsk Region-based banks’ performance indicators (available via Bank24.ru’s official website), Bank24.ru’s losses had reached 64.027 million RUR by February 1, 2009.

Magnitogorsk Iron & Steel Works (MMK) spent over 1 billion RUR on social welfare programs in 2008. The company’s PR Department reports they increased their spending on aiding the war veterans through Metallurg charity fund and on other charity projects. For one, the number of employees who had a chance to go to the corporate health centers last year was 8% greater compared to the year 2007. Then, some 10,000 people were offered paid trips to MMK’s ski resorts, which exceeded the figures for the previous year by 40%. Finally, the enterprise kept on supporting the new mothers and their

Yekaterinburg’s Kirovskiy court keeps looking into the claims laid by Bank Severnaya Kazna’s (now the asset of Alfa-Bank) former employees, who disagree with the company’s decision to refuse them their redundancy payments, their paid vacations, and the salaries that were due a long time ago. These former employees are the bank’s First Deputy BOD Chairman Leonid Bratsev, Deputy Chairman Sergey Kuroptev, and the Chairman’s Advisors Valeriy Malkov, and Evgeniy Parfenov. According to Kommersant, the plaintiffs and the bank have signed some additional agreements earlier that provided for a pay

First Deputy Head of Sverdlovsk Region Government and Minister for Economics and Labor Mikhail Maximov chaired a meeting of the committee responsible for supporting entrepreneurial stability in the region. The meeting participants looked into the economic state of events at seven local companies and heard reports from the representatives of Uralasbest, Ural Optical & Mechanical Plant, Uralmashzavod, Pervouralsk-based Dinur, Sverdlovsk Railway O&M Plant, Rezh Mechanical Plant, and Natalyinskiy Glass Works. All those present noted that Uralmashzavod kept going through some grave

The volume of private individuals’ deposits in UralTransBank has gone down by 10% since September 2008. These data are available from Bankir.ru’s report on the performance of Top 200 banks with the greatest volumes of private individuals’ deposits.

The volume of private individuals’ deposits in Koltso Urala Bank has gone down by 13% since September 2008. These data are available from Bankir.ru’s report on the performance of Top 200 banks with the greatest volumes of private individuals’ deposits.

Head of Sverdlovsk Region Government Viktor Koksharov held a meeting on the region’s industrial development with a number of other officials, including First Deputy Head of Sverdlovsk Region Government and Minister for Industry and Science Anatoly Gredin, the representatives of the Federal Taxation Service’s regional division, and some business executives. One of the points on the meeting’s agenda had to do the agreements existing between Maxi Group and Novolipetsk Iron & Steel Works (NLMK). Viktor Koksharov observed the Group’s stockholders’ efficient interaction was a crucial factor in

MMK announces that as of Feb 25, 2009 it has fulfilled its obligations on dividends payout for the first six months of 2008. The decision on dividend payment in the amount of RUR 0.382 per ordinary share was taken by the Extraordinary Shareholders’ Meeting on August 29, 2008. The total amount of dividends accrued is RUR 4.268.594.060,00. Major shareholders of MMK – Mintha Holding Limited and Fulnek Enterprises Limited, both beneficially owned by MMK Chairman of the Board of Directors Mr. Rashnikov, – proposed that the share of accumulated dividends which was to be paid to them during the

‘Historically, and due to the peculiarities of our top industries, Chelyabinsk Region has grown to greatly depend on the global market opportunities, that is, on the export and metal prices. The current crisis isn’t the price we have to pay for being concentrated on the metallurgical sector. This is the price of global market integration. However, we’d be forced to pay even more dearly if we steered clear of new technologies, of foreign economic connections, and of the global trade and production experience,’ Governor of Chelyabinsk Region Petr Sumin declared during his annual address to the

‘Chelyabinsk Region’s real sector is going through hard times at the moment. This January, the local enterprises’ production output has dropped by 22.5% compared with December 2008. Companies find themselves increasingly incapable of paying one another for goods and services,’ Governor of Chelyabinsk Region Petr Sumin declared during his annual address to the Legislative Assembly and the region’s dwellers. Sumin feels that the companies might operate stably again and restore their production and sales outputs if they focus on making Chelyabinsk Region more appealing to investors through

‘The agribusiness industry’s sustainable development is our top priority at the moment,’ Governor of Chelyabinsk Region Petr Sumin said in the course of his annual address to the Legislative Assembly deputies. The Governor reported the year 2008 and overall a good one for the local agricultural enterprises, whose production output came to more than 63.5 billion RUR. Then, 120,000 hectares of land were re-cultivated, with another 200,000 hectares to be re-cultivated over the next two or three years. In addition, the regional poultry output rose by over one-third in 2008, reaching 142,000 tons.

‘The small businesses have been faced with the banks’ less friendlier lending policies, greater interest rates, lack of floating assets, dropping demand, and higher rent,’ Governor of Chelyabinsk Region Petr Sumin declared during his annual address to the Legislative Assembly and the region’s dwellers According to the Governor, the region’s small business will be aided in several ways: less red tape, tax relief, financial aid, and cheaper connection to the technological infrastructures (the hookup price is expected to drop by five to seven times). ‘The regional government has already helped