Bank Severnaya Kazna’s assets drop 526.743 million RUR in February

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

OAO Alfa-Bank had to close down five offices of Bank Severnaya Kazna in the course of the financial recovery procedure the latter needed, Bank Severnaya Kazna’s Deputy Chairman of the Supervisory Board Roman Vitkovskiy said in the course of an online conference held by the two banks. The conference was broadcast via Alfa-Bank’s official website. ‘Bank Severnaya Kazna used to have thirty-eight offices throughout Russia. Five of them stopped operating, and so did one of Alfa-Bank’s own offices. The remaining outlets are now used by both banks to make sure customers can get serviced in the

Following Bank Severnaya Kazna’s financial recovery procedure, only 28.57% of the bank’s business customers got transferred to Alfa-Bank, the new owner. ‘Bank Severnaya Kazna had about 21,000 active business customers, of whom approximately 6,000 joined Alfa-Bank,’ Alfa-Bank’s Regional Business Customer Development Director Mikhail Povaliy said in the course of an online conference broadcast via Alfa-Bank’s official website. When asked about the number of Bank Severnaya Kazna’s e-customers at the start of the financial recovery procedure, however, Alfa-Bank’s top executive seemed at a loss.

Sverdlovsk Region has for a long time remained Ural Federal District’s leading area in terms of the number of operating banks: there are currently twenty-five of them in the region, according to the Central Bank’s report as of March 1, 2008. Tyumen Region, with its twenty-three banks, and Khanty-Mansiyskiy Autonomous Region, with its twelve banks, are the district’s second and third most developed regions in terms of banks’ presence. Sverdlovsk Region is only outstripped by Moscow, with its 554 banks, Saint Petersburg, with its forty-one banks, Dagestan, with its thirty-three banks, and

According to the Bank of Russia, there were 1,135 crediting organizations in the country on February 1, 2008, which falls short of the figures for February 2003 by 115 banks. The maximum number of banks actually closed down in 2006. All these banks operate through 3,475 subsidiaries altogether; their number dropped by 99 outlets in 2003 and by 11 outlets in 2006, while the years 2004, 2005, and 2007 were the periods of extensive subsidiary network growth. 189 new bank subsidiaries were set up between February 1, 2007 and February 1, 2008. Besides, 20 new branches were introduced in January