RBC.Rating came up with a ranking of Russia’s Top 40 banks that have experienced the greatest subsidiary network expansion since the beginning of the year. The agency’s website reports that SKB-Bank has seventy-three offices throughout Russia as of July 1, 2007. These are six subsidiaries, three representations, and sixty-four offices. Besides, this network growth enabled the bank to hit Russia’s Top 20 banks with the greatest dynamics of subsidiaries’ development: the bank’s net assets amounted to 327.87 million RUR per one bank outlet on July 1, 2007. One way to evaluate the efficiency of a

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations for 91 to 180 days went down by 15% (from 10 million RUR to 8.5 million RUR) in January-September 2007.

The law-enforcement authorities of Bogdanovich looked into the state of affairs at Bogdanovich Porcelain Works and found out that the company owes over 5 million RUR to 970 employees in the form of wage arrears. As a result of this inspection, the enterprise’s General Director Marina Martsenyuk will have to go through with an administrative lawsuit; she was charged with violation of the labor and labor protection law (Article 5.27 (part 1) of Russian Administrative Code). It was also revealed that the plant’s management never reported any problems with the paying of wages to the statistical

The Russian Federation Ministry of Economic Development and Trade and Russian Union of Industrialists and Entrepreneurs’ Coordinating Committee are going to hold a meeting on state support of export in Yekaterinburg on October 12, 2007. According to UC RUSAL’s local press officer Roman Lukichev, the agenda of the meeting covers issues like the main factors that prevent industrial export from being effective, ways of using the state regulation of export better, and new approaches to cooperation among businesses, export-supporting NGOs, and the state. The meeting will be attended by

«We haven’t been offered to buy any Moldavian wines yet, and I don’t think it really matters that much, because these wines won’t ever be able to win back their share of the market anyways, «Ural Spirits» Purchasing Director Sergey Lapshin said to UrBC. «Apart from having trouble with the chain stores, Moldavian wine makers have been faced with a whole range of other problems that make it impossible for them to regain their position. Firstly, it’s the issue of price. These wine makers used to enjoy great demand because their prices were very low, but now I’m positive Moldavian wines are going

According to the Central Bank of Russia, volume of loans given by Sberinvestbank to sole traders despite overdraft went down by 100% (from 1.622 million RUR to zero) in January-September 2007.

The third Ural Investment Fair took place in World Trade Center in Yekaterinburg in early October. The Ural Bank for Reconstruction and Development proved to be a very active participant and received a diploma in recognition of its achievements in the field of providing stock market services. The Ural Bank for Reconstruction and Development presented the whole range of investment services it currently offers at this fair. These included trust management, broking, and much else besides. Developing its investment services is now one of the bank’s most promising fields of activity, which is why

Ural Treasures Bank held an extraordinary general meeting on October 8, 2007 in order to discuss the proposal made by one of the BOD members, who asked to be allowed to leave the Board. The decision is supposed to be taken by the bank’s shareholders. The thing is, the company’s Articles do not provide for a dismissal of only one Director, which means that the shareholders have to decide whether they should accept the resignation of the entire Board of Directors, Ural Treasures Bank’s press officer reports. The stockholders appointed a new Board, thinking it best not to elect any members of

Central Bank of Russia reports volume of loans given by Yekaterinburg Municipal Bank to sole traders despite overdraft went down by 75.7% (from 1 million RUR to 243,000 RUR) in January-September 2007.

According to the Central Bank of Russia, volume of loans given by Plato Bank to natural persons for 1 to 3 years went down by 67.32% (from 2.821 million RUR to 922,000 RUR) in January-September 2007.

The Finance magazine came up with a rating of Russia’s most dynamic public companies. The rating includes 25 companies whose revenue growth and increase in sales were really impressive in 2006. There are eight banks on this list, most of which are based in Moscow. SKB-Bank was presented in the rating as one of the most dynamically growing regional banks. The magazine reports its revenue growth came to 107%, or more than doubled in 2006. This growth can be explained by the development and growing popularity of consumer lending, which guarantees the banks some stable development for the next

Central Bank of Russia reports volume of loans given by Uralfinance Commercial Bank Ltd to natural persons for 31 to 90 days went down by 100% (from 565,000 RUR to zero) in January-September 2007.

Ural Airlines is to fly this year’s millionth passenger on October 9, 2007. Remarkably, the carrier only reached the one-million record for the first time less than a year ago, in December 2006. Ural Airlines’ press officer says this year the airline has managed to reach the figure at least three months earlier than a year before. The company’s passenger turnover rose by 20% on average compared to 2006. Ural Airlines has operated over 8,000 flights since the beginning of 2007, which is 10% better than last year. ‘These growth rates can be explained by the introduction of a flexible pricing

Following a request from Governor Eduard Rossel, Sverdlovsk Region Government looked into Koltsovo airport’s performance. The spokesperson for the Governor reports the passenger traffic volume grew by nearly 35% in 2007 against a year earlier, and more and more flights are getting delayed. This means that the number of passengers’ complaints has gone up as well. The airport serviced more than 13,200 flights, with the regularity of these flights estimated at 76.5%. 'The main reason for flights getting delayed is that the airplanes arrive at Koltsovo airport later than needed; the air

'Nemiroff strong drinks have been falling behind most other Ukrainian and Russian vodkas in terms of sales for the last three months,’ Anna Golubeva, manageress of Zvezdniy, a large supermarket in Yekaterinburg, said to UrBC. 'This mainly stems from the fact that there are quite a few kinds of Russian and Ukrainian vodka on the market at the moment, and these vodkas can actually compete with Nemiroff’s produce,’ she added.

Governor of Chelyabinsk Region Petr Sumin announced in the course of a cabinet meeting that the region had yet to spend 3 billion RUR worth of budget revenues. The Governor asked all the region’s ministers, district heads, committee chairs, and directors of different departments to start working on the ways of spending this money wisely. 'Our main challenges lie in the field of housing maintenance and utilities services, finishing up this year’s harvesting, and wise money-spending,’ he said.

A flight operated by Aviaprad was delayed once again; a plane coming to Yekaterinburg from Krasnodar was supposed to have arrived in Yekaterinburg at 6.40 PM on October 8, 2007, yet the interactive timetable used in Koltsovo airport read that Aviaprad’s flight would only land at 8.20 PM due to the airplane coming late.

The Ural Bank for Reconstruction and Development got on Russia’s leading trading floor operators list. According to MICEX, the bank was rated 46th in Russia’s Top 50 stock market operators rating and 26th in Russia’s Top 50 bond market operators list in September 2007. The company’s trade turnovers amounted to 3.2 billion RUR and 7.7 billion RUR respectively. RTS (FORTS) gave the Ural Bank for Reconstruction and Development, with its 12.3 billion RUR worth of forward and option transactions, the 20th position among 129 firms in September 2007. In addition, the bank was given the prestigious

Central Bank of Russia reports volume of loans given by AGROPROMBANK Credit to for-profit self-regulatory organizations for 31 to 90 days went down by 78.27% (from 350.436 million RUR to 76.13 million RUR) in January-September 2007.

According to the Central Bank of Russia, volume of loans given by Tagilbank to for-profit self-regulatory organizations for 91 to 180 days went down by 82.18% (from 4.788 million RUR to 853,000 RUR) in January-September 2007.