UBRD’s own funds rise to 21.22bn RUR

November 14, 2014. The Ural Bank for Reconstruction & Development’s own funds expanded to 21.225bn RUR (as of November 11, 2014), which is an increase of 21.7% on the start of the year, the bank’s press service reports.

‘A funds increase is an advantage for the UBRD’s further development, a sign of stability and a proof of the chosen business model’s reliability. We went for the right strategy that allows us to achieve impressive performance results in all respects, regardless of the economic upturns. This is why our customers all over Russia trust us: around a million people have chosen to bank with the UBRD; in fact, the number of our customers almost doubled in just two years’ time,’ says the bank’s President Anton Solovyov.

The scale of the bank’s own funds brings it on the list of Russia’s fifty largest banks, which in itself is an indicator of its stability and reliability.

At the end of the third quarter, the UBRD’s own funds came to 19.087bn RUR, its assets stood at 230.467bn RUR and its liabilities at 219.127bn RUR.


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