UBRD Gets New Shareholder Structure

March 25, 2013. The Ural Bank for Reconstruction & Development announced some changes in its shareholder structure. Vsevolod V. Levin decided to sell his 19.9989 shareholding, which was purchased by Alexander V. Semkin in full. Sergey V. Skubakov, Igor A, Altushkin, Irina N. Gaivoronskaya, and Vladimir V. Pechenenko also have a 15.32%, a 29.99%, a 13.28%, and a 19.99% stake in the business as well, the bank’s press service reports.

‘Every shareholder has the right to sell or to buy the shares he or she holds. The changes in the ownership structure do not affect the implementation of the 3-2-3 strategy adopted for 2013-2015, which means the number of our offices is to increase by three times, the number of our customers is to double, and our operating income is to triple,’ says the UBRD President Anton Soloviev.

The Ural Bank for Reconstruction & Development has been operating on the financial market for 22 years now. The bank is on the Forbes list of Russia’s largest banks. As of January 1, 2013, its own funds reached 12.8bn RUR, with 95bn RUR kept in customers’ deposits. The bank was given the 27th position in terms of deposit volume, the 40th position in terms of asset volume, and the 56th position in terms of own funds in the Interfax 100 ranking for 2012. The UBRD is also on the RBC Top50 Banks Rating in terms of deposit and lending portfolios and net asset volume. The bank’s 330 branches are located in 51 Russian Federation constituencies.

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