June 7, 2013. The Ural Bank for Reconstruction & Development (UBRD) is now offering discounts to customers performing foreign currency transactions. The discounts were launched on May 29 and are available in all of the bank’s branches. If you buy a sum ranging between 10,000 and 50,000 USD/EUR/GBP, the discount might come to 0.02-0.04 RUR. The greater the sum, the greater the discount. According to UBRD Foreign Currency Group’s Director Ruslan Khamzin, the discounts offered on a sum equal to or exceeding 50,000 USD/EUR/GBP are discussed on a case-by-case basis.

This discount and loyalty programs that the bank offers allows customers to perform their foreign currency transactions much faster and at an advantage. The bank is also planning to increase its foreign currency transactions profits in 2013 by 50% on a year earlier: the turnover is expected to double by the end of the year.

‘The UBRD has offered discounts before, too, but the decisions were made on a case-by-case basis every time, and this was very time-consuming. The unification of this process will speed the exchange process tremendously,’ Khamzin says.