March 06, 2013. The Ural Bank for Reconstruction & Development obtained the second tranche on its $20m subordinate loan in late February 2013; the loan period comes to 6 years. The first tranche ($30m) was received in December 2012, the bank’s press service reports.

Thanks to these steps, the UBRD managed to increase its supplementary capital and thus increased its overall capital as well in the two months of this year from 12.9bn RUR on January 1, 2013 to 13.6bn RUR on March 1, 2013.

According to UBRD International Business Director Sergey Sisoshvili, the subordinate loans made a good impact on the growing capital adequacy and on the bank’s assets’ future growth potential.

‘The long-term funding is yet another proof of the fact that our foreign partners trust us,’ Sisoshvili says.