OREANDA-NEWS. On 26 January 2009 Alfa-Bank’s representative said, that ‘Our financial recovery plan targeted at helping Bank Severnaya Kazna included a detailed analysis which resulted in the decision to close down seven of the bank’s offices because they showed complete lack of profits over this and last periods’.

Six of Bank Severnaya Kazna’s (now the asset of Alfa-Bank) offices located in Sverdlovsk Region are to stop operating in the nearest future. Four of these are based in Yekaterinburg; one office is located in Kamensk-Uralskiy, and one more in Pervouralsk. In addition, one more office stopped operating as early as January 15, 2009.

‘As for the remaining thirty-four offices, they are to keep working as usual; we are not planning on closing them down in the foreseeable future,’ Alfa-Bank says.