25 January 2011, Tuesday, 17:35

Ural Savings bank intends to help Bashkiria in hypothec crediting

author: Svetlana Gafurova

The President of Bashkiria Rustem Khamitov held a meeting with the President of Ural Savings Bank of Russia Vladimir Cherkashin on Tuesday, January 25, in the Government House.

“We are thankful for today’s meeting with the President of Bashkiria” – Vladimir Cherkashin said – “In such intense moment he found time for the talk about the aims of the bank sphere in the Republic and about those targets the President determined for the head office of Russian Savings Bank in Bashkiria as well as for the Ural Savings Bank. We work on the territory of four regions of Russia – Bashkortostan, Sverdlovsk, Chelyabinsk and Kurgan regions. We were talking about joint programs we were going to promote and about the conditions, making hypothec maximally available. We were also talking about big investment projects on the territory of Bashkiria, where the Ural Savings Bank can and has to take part in accordance with those scales it is able to master”.

The biggest projects supported by the Ural Savings Bank concern the reconstruction of chemical productions in Sterlitamac – the enterprises “Caustic” and “Soda”. The bank participated in financing and launching of local cement production, in reconstruction of these enterprises and its contribution was rather substantial. The Ural Savings Bank works with several investment projects in Republican agriculture, in particular, with the newest poultry farms and here its investments are also very helpful.

The Ural Savings Bank actively cooperates with the defense complex and in particular with JSC “Ufa Engine Plant” (UMPO). For many years UMPO is financed on various projects: the projects on lathe purchases, pre-financing of big export contracts etc.

Vladimir Cherkashin expressed hope the future joint projects of the Ural Savings Bank and Bashkiria would be even more scaled.