UBRD comes 23d in Russia’s largest banks rating

3 July 2014 (09:14)

July 3, 2014. The economics weekly Kommersant Dengi carried a rating of Russian banks based on the amount of money in private individuals’ deposits as of June 1, 2014. In Q2’14, the Ural Bank for Reconstruction & Development was the 23d largest bank in the country in terms of private individuals’ deposit volume, the bank’s press service reports.

The UBRD has long proved to be a reliable bank for those looking to save and build up on their savings: as of June 1, 2014, private individuals trusted more than 89m RUR worth of their savings to the bank all in all; the share of deposits in the bank’s consolidated liabilities came to 53.07% over the same period.

One reason for this increase in the volume of private individuals’ investments the UBRD Passive Banking Operations Director Olga Aksenova says is the introduction of the seasonal offer, Recordny Deposit. This is currently one of the most profitable offers on the Russian market that was rated as No.1 in Vedomosti’s profitable deposits rating.

If a customer opens Recordny deposit with the bank, they get the market’s best interest rate, which is 10.84 % a year. This is one of the highest interest rates on deposits available among Russian banks. This rate is guaranteed through the special calculation mechanism: the interest rate offered on Recordny is always 2% higher than the maximum rate offered by the country’s top 10 largest banks in terms of private individuals’ deposit volume.

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