Mechel Bank keeps setting up more offices in Yekaterinburg. A new office was opened at 14 Sverdlov St. on July 29, 2008. This outlet is going to render a full range of services to both businesses and private customers, including the renting of safety vaults. Prior to the introduction of the new office, the latter service used to be available only in the bank’s office at 53 Kraul St.

Mechel Bank runs 45 subdivisions (including seven subsidiaries, twenty-nine additional offices, six credit and cash terminals, and two cash departments) altogether, five of which are located in Yekaterinburg. Besides, there are six offices in other parts of Sverdlovsk Region: Kamensk-Uralskiy, Irbit, Lesnoy, Berezovskiy, Pervouralsk, and Artemovskiy.

In addition to the new office, Mechel Bank is planning to set up five more outlets and eleven ATMs in Yekaterinburg before the end of the year.

‘Setting up more additional offices and ATMs is one of the bank’s short-term strategic goals. We believe the offices’ improved technological capabilities and our personnel’s skillfulness and politeness will ensure the precise and timely handling of our customers’ tasks,’ says the manager of Mechel Bank’s Yekaterinburg branch Evgeniy Esselevitch. Apart from introducing more offices, the bank is working on new products. For one, a highly profitable medium-term deposit known as Summer Scent will be available between July 7, 2008 and August 7, 2008. The customers can open the deposit in the summer and get the money and the interest around Christmas. What is more, a prize-winning lottery (with gift certificates to cosmetics stores as prizes) is offered.

As far as the first tangible outcomes of the bank’s new strategy are concerned, Mechel Bank’s Yekaterinburg branch’s balance sheet total went up by 2,863,942,909.68 RUR compared with the beginning of the year. The bank’s balance sheet total thus amounted to 4,257,041,469.73 RUR on July 18, 2008.