Bank Severnaya Kazna reduces interest rates on deposits

A number of Bank Severnaya Kazna’s shareholders sold portions of the shares they had. Ural Avia’s share decreased from 21.71425 % to 19.54177 %; Bank Severnaya Kazna Supervisory Board member Leonid Bratzev reduced his share from .81200 % to .73076 %; Bank Severnaya Kazna BOD member Vladimir Veselov’s share went down from .08294 % to .07464%; Bank Severnaya Kazna Supervisory Board member Roman Vitkovskiy reduced his share from .36036 % to .32431 %; Bank Severnaya Kazna Supervisory Board member and Chairman Andrei Volchik reduced his share from 1.68733 % to 1.51851%; Bank Severnaya Kazna BOD

Ural Treasures Bank has recently offered its customers some new types of deposits. The Universal deposit is valid for 367 days; the customer can withdraw part of the money from their deposit provided the minimum deposit amount is left in the account. Besides, the deposit agreement may be called off earlier (the interest rates will then be determined on the basis of the bank’s early-termination interest rate scale), the bank’s press officer reports. The Savings deposit gives one a chance to plan the deposit period in between 91 and 732 days. The interest rate remains the same throughout the

According to the bank’s official report, Severnaya Kazna lowered the interest rates on deposits at call: the Golden Ladder deposit now yields 7.5% to 10.5% a year (or 1.5% to 2.5% less than it used to), the foreign currency deposits will bring .5% to 1% less profit (the annual interest rate on dollar accounts now comes to 6%-8.5%, that on euro accounts amounts to 5% to 7.5%, depending on the amount of money placed and the amount of time the money is kept with the bank). The one-year-long Premium deposit offers the interest of 5% a year, or 5% less than before; if you’d like to invest your

According to the official report placed at Severnaya Kazna’s website, Russian Tax Association (run by Igor Teuschakov) has reduced its share in the authorized capital of the company twice within this week. This share amounted to .105% on March 1, 2007, whereas on February 26, 2007, the figures halved from 6.447% to 3.438%. This means Russian Tax Association sold 6.342% of its shares in two installments (3.009% and 3.333%). Severnaya Kazna had to officially publish this information as this is a legal requirement for all shareholders possessing more than 5% of a company’s authorized capital. In

‘Banks don’t slow down on trying to attract private individuals’ investments in the summertime. Their ad campaigns are just as proactive, new interest rates and deposit terms are offered all the time. At the same time, there is usually a certain seasonal standstill on the savings market in the summer, as people spend their money on vacations, on buying and building summerhouses, and on repairs and decoration,’ says Ural Treasures Bank’s Marketing Director Alexander Nistranskiy. Alexander Nistranskiy reports bank deposits are a traditional way of attracting people’s investments. ‘Banks tend