The Bank “SEVERNAYA KAZNA” was established on 9th September 1992.

At the present moment among the Bank shareholders one can name such companies as «M.I. Kalinin Machine-building Works», «Ural-Avia», insurance company «Severnaya Kazna», «Avangard-invest», «Ekonometrika» and a lot of individuals.

From the very creation of the Bank the main emphasis was made on leadership in the area of advanced bank technologies. This was the only way for a small bank to stand out of a great number of credit organizations. Large-scale innovations appeared in succession almost yearly:

1994 - “Prompt Payments”: the Bank turned to be the owner of the most developed network of correspondent accounts in the Urals and became one of the leaders in the area of promptness of payments;
1995 - the Bank was among the first to develop the account remote control system “Client –Bank”;
1996 – the Bank was one of the first in Russia to bring into use the chip card;
1999 - the Bank was the third in Russia to create the Internet account remote control system
(http://www.internetbank.ru/);
2000 - the Bank site ranked third among the sites of the biggest Russian banks according to “Internet Marketing”;
2002 – the Certifying Center, issuing certificates of the electronic digital signature public keys for the clients and Bank staff , was opened in the Bank;
2003 - The Bank started issue of the chip cards VISA VSDC Electron/Virtuon/Classic/Gold;
2004 - the unique in-house scoring system was developed and introduced;
2005 - third version of the Internetbank system was developed;
2006 - Internetbank of the Bank “SEVERNAYA KAZNA” was recognized the best in Russia.

	SEVERNAYA KAZNA Bank At present, SEVERNAYA KAZNA Bank makes the top hundred of the largest and most profitable banks of the Russian Federation. Every year authoritative international audit companies validate Severnaya Kazna Bank's reliability and stable growth.

In due course the large list of innovations allowed the Bank to gain the lead precisely due to the fact that the new technologies allowed to render quality services to more clients.

The Bank is a member of the Association of Russian Banks, Urals Banking Union and National Association of Stock Market Participants.

Today the Bank ranks among the top one hundred credit institutions of Russia with regard to a great number of financial indices and in terms of the net assets, equity capital, funds on the clients accounts and proceeds the Bank is one of the biggest banks in Sverdlovsk, Chelyabinsk, Perm Oblasts.

The audit company limited liability company “Peterburgbankaudit” reconfirms every year observance by the Bank of the provisions of the current Law with regard to the performed operations and authenticity of the accounting statements , and the company “Ernst & Young” confirms authenticity of the Bank financial statements in accordance with IFRS.

The wide network of correspondent accounts in Russian and foreign banks is indicative of high payment speed and confidence of other credit organizations, among which one can name VTB Bank (Deutschland) AG (Frankfurt am Main) , ABN Amro Bank NV (Amsterdam), Dresdner Bank AG (Frankfurt am Main) , Bayerische Vereinsbank (Muenchen), Bank of Tokyo- Mitsubishi (Tokyo). The fact that in 2004 the Bank applied money funds in the volume of USD 5.7 million borrowed under the WBC loan facility secured by the EXIM-bank (USA) towards lending purposes shows worldwide recognition of the Bank .

The Bank is a VISA principal member and a MasterCard affiliated member. The Bank was one of the first in Russia to start issue and servicing of the VISA chip cards. With regard to the main financial indices (number of issued cards, turnover, balances) the Bank permanently ranks among twenty banks of RF with the most advanced card payment system.

The Bank offers its clients all types of the account remote control systems existing at the present moment: starting with the “Client-Bank” system and finishing with the mobile system “Internetbank” ( http://www.internetbank.ru/), which with regard to the functionality and servicing level occupies the leading place in Russia and allows to control personal and corporate settlement accounts using a phone or computer connected to Internet.
The FSB licenses ( technical maintenance, distribution of ciphering devices, rendering encryption services , state secret –related activities) , granted to the Bank, are the guarantee of safety of electronic transfer systems. The Bank “SEVERNAYA KAZNA” is the first bank in Sverdlovsk Oblast which introduced new technology of dealing with the digital signature in the strict conformity with the provisions of the Law of RF “On Electronic Digital Signature” and launched the Certifying Center on 1st January 2003. The Internetbank, the users of which amount to almost four thousand companies, with regard to the number of corporate clients and the volume of outgoing payments ( more than 5 billion per month) , has become the biggest and most widely-distributed system in the Urals Federal Okrug.

Owing to the high level of the smooth-running system of clients servicing annually about 35% of all incorporated companies in Ekaterinburg open their accounts in the Bank “SEVERNAYA KAZNA”.

In 2003 the Bank became the laureate of the Major Russian Award “ Russian National Olympus” in the nomination “Finances. Investments”.

In 2004 the Bank stood among 10 Urals most reputable business companies ( according to analytical center “Expert-Ural”).
In 2005 the Bank ranked among 50 most fast-developing banks of the countries with the transition economy, at that among the Russian most fast-developing banks the Bank SEVERNAYA KAZNA ranks 7th ( according to the Banker).
In 2006 the Bank became the laureate of the Award “ Russian Financial Olympus” in the nomination “ Well-established Regional Bank”.

Security of service and dynamic development of the Bank are evidenced by the Moody’s ratings: long-term deposits in foreign and national currency -B2, rating outlook- stable, rating by the national scale - Baal.ru. In the cover note the Moody’s agency states the following positive factors which influence the rating : the Bank SEVERNAYA KAZNA is one of the leaders at the regional bank market and has considerable growth potential ; the Bank has a well-defined business development strategy conducted by the professional managers team. High asset quality, reliable deposit base and high level of automation of the banking processes were also noted.
Together with this , according to the agency “RUS-rating” the Bank has got the BB-rating .
This is the highest rating among the banks of Sverdlovsk Oblast.

General license of the Bank of Russia No. 2083.

The Bank is the laureate of the Major Russian Award in the nomination “Finances. Investments” in 2003.

The Award “ Russian Financial Olympus” is the major Russian public award and the only one which accounts for the highest achievements in the Russian society in all spheres of its activities.