'A lawsuit against UralTransBank and Bank Severnaya Kazna regarding violation of antimonopoly laws has been filed and is soon to be processed in court. We are now busy collecting all the papers needed for the case. Should we need some more documents, there will probably emerge a court’s ruling suggesting that the two banks in question provide them,’ Deputy Head of Federal Antimonopoly Service’s Sverdlovsk Region division Sergey Volkov said to UrBC.

The Service first took legal action against two Yekaterinburg-based banks in October 2007. UralTransBank and Severnaya Kazna were suspected of limiting competition through signing certain agreements with a number of local insurers and were therefore accused of violating Article 11 of the Federal Competition Protection Act.

The first court hearing has been scheduled for November 12, 2007.