Rus News Journal

Sheets

REORGANIZATION of INSURANCE CORPORATION ASKO PROCEEDS

session of the Supervisory board of corporation " Has come to the end; ASKO confirmed the form of the licence contract, on which basis the proprietor of the name ASKO - the Joint-stock insurance company ASKO (were ASKO - the holding) will give the right to use this name to the regional companies. As the member of the supervisory board and the general director " has informed; ASKO - Moscow Igor Knyazev, a payment for using the name ASKO will have purely symbolical character . At the same time the companies which have signed the licence contract, should observe intracorporate rules.

CREDIT LYONNAIS HAS received In MANAGEMENT 16 MLRD the SINGAPORE DOLLARS
According to AP - Dow Jones, Credit Lyonnais became the third foreign bank which has got access to means of a national pension fund of Singapore - the Central fund of savings (TSFS). The largest commercial bank of France became the owner of licence TSFS giving the right to dispose 16 mlrd of Singapore dollars for trastovyh of investments. Similar funds already operate Morgan Grenfell Investment Management (Asia) Ltd. And Schroder Investment Management (Singapore) Ltd., and also four largest Singapore banks. The new trust which has received name Credit Lyonnais Fortune Fund, has concentrated exclusively on work in country home market. The fund purpose - attraction of billions the dollars, which Singapore businessmen and the personnel of their companies under compulsion should pay in TSFS. They do not have right to remove these means from the accounts, but they are authorised to put up the money in trastovye the companies, having special the permission.

LANDESBANK REINLAND - PFALZ CLOSES REPRESENTATION In Moscow
As reported by the financial information, German Landesbank Reinland - Pfalz (LRP), having since 1988 representation in Moscow, since January, 1st of this year has stopped accreditation and has curtailed independent activity into Russia. As employees of representation have informed, bank cessation of work in Moscow is connected with merge LRP to other German ground bank - Westdeutsche Landesbank (West LB) which has got recently controlling interest LRP. Representation LRP closing in Moscow at all does not mean the full termination of activity of bank in Russia. Since new year this work will be conducted within the limits of the general with Westdeutsche Landesbank representations.

In NEW Peterhof WILL appear NEW SANKT - Petersburg
As reported by severo - the West one of these days bank St.-Petersburg has received in City investitsionno - the tender commission the building licence of a building for the branch. Building will be conducted in the Central area of New Peterhof where to bank 0,2 hectares are allocated. Acquisition for administration Petrodvortsovogo of area of 5 inhabited apartments (one three-room, two two-room and two one-room) and transfer of regional administration of means for reconstruction of a wing of a building in Red journey to Petrodvorets which occupies now bank " becomes a condition of transfer to ground rent; St.-Petersburg . It is supposed that after reconstruction end here there will be inhabited apartments.

In the BOTTOM Novgorod TRY to MAKE active OPERATIONS With HOUSING BONDS
If before the person, intended to get habitation, should buy bonds on all cost of apartment now the variant of an exchange of apartment with surcharge by bonds on the additional area is offered to citizens. Simultaneously Council of the Nizhniy Novgorod housing loan has made decision to direct means from sale of housing bonds on financing frozen buildings. Under the order of governor Boris Nemtsov the means directed on purchase of bonds, are considered as capital investments and are not taxed. By estimations of urban services, nezavershenki in a city will suffice for all sum of a loan - 60 mlrd rbl., cost of apartments thus will be on 20 % more low, than at new building.

the FIRST CASH DISPENSES In Tomsk HAS established NGS - BANK
Tomsk branch NGS - bank (Moscow) one of the first in Siberia has started installation of cash dispenses which serve the cards emitted by head branch of bank. As experiment it decided to establish three cash dispenses in large shopping centres. The assistant to the managing director on automation of Tomsk branch NGS - bank Elena Kalodina has informed that the bank uses the cash dispenses of type bought from the Italian firm Olivetti lobby.

the NOVOSIBIRSK BANK HAS thought up EDUCATIONAL BILLS
recently small Novosibirsk bank the power Center has begun realisation of the unusual bill program calculated on entrants which are going to arrive in paid high schools. The bank suggests the future students to get promissory notes face value of 500 thousand rbl. or multiple to this sum. At approach of term of repayment of the bill the bank lists money resources (at a rate of cost of the bill and the income sum on it) from the bank account for the educational institution account. If the entrant does not arrive, the bank pays it this sum.

the CHELYABINSK BANK PRIVATIZATION ASSISTANCE HAS increased the AUTHORISED CAPITAL
the Chelyabinsk bank privatisation Assistance has finished placing of the second issue of actions. As a result of its authorised capital has increased from 151 million rbl. to 4 mlrd rbl. Bank securities the largest Ural enterprises took place basically among founders, in which number: CHeljabenergo, Magnitogorsk metizno - metal works, Magnitogorsk kalibrovochnyj factory, the Chelyabinsk factory of road cars it. Koljushchenko, the Chelyabinsk pipe-rolling factory, Chelyabinsk elektrolitnyj zinc factory.