UBRD Wins Finance Ministry’s Tender

16 April 2013 (11:36)

April 16, 2013. Sverdlovsk Region Finance Ministry closed its tender last month, on March 11, 2013. Put to auction were three lots that would give the winning bidders an opportunity to open and administer deposit accounts where the regional budget’s money would be kept, the Ural Bank for Reconstruction & Development’s press officer reports.

The UBRD actually won as many as two lots, for 1.5bn RUR and 2bn RUR. These government contracts are valid for 12 months, with the first, 2bn-RUR tranche moved into the bank’s accounts on April 1, 2013.

‘The UBRD has once again won in an auction coordinated by Sverdlovsk Region Finance Ministry, which definitely makes the bank stronger and improves the local investment climate,’ says the bank’s External Sales Director Evgeny Lyubimov.

In fact, the bank also won the same kind of tender last October and was given the right to sign a government contract worth 1bn RUR then.


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