RBC.Rating reports Mechel Bank was given the 47th position on the list of Russia’s top 100 banks with the greatest subsidiary network in 2008. In addition, the bank was rated 71st largest banks in terms of volume of consumer loans offered per office.

Mechel Bank currently operates seven subsidiaries, forty-eight additional offices, and four separate cash departments in Russia.

‘The bank’s getting featured in the rating means the company keeps on developing actively and dynamically. We are running fifty-two additional offices at the moment altogether and are thinking of introducing even more outlets throughout the entire country. We were able to expand so impressively thanks to our personnel’s professionalism and the interest the customers took in our products and services,’ says Mechel Bank’s Chair Elena Nesterova.