UBRD opens more branches in Novosibirsk

20 July 2015 (10:57)

UrBC, Yekaterinburg, July 20, 2015. The Ural Bank for Reconstruction & Development (UBRD) now offers its services to business customers in yet another office in Novosibirsk (188 Krasny Ave), the bank’s press service reports.

This means the UBRD now operates three branches in Novosibirsk where corporates are welcome.

Director of the bank’s Novosibirsk subsidiary Larisa Kuchendayeva says the decision to introduce a new branch for business customers was brought about by increased local demand.

Novosibirsk subsidiary was added to the bank’s network in the spring of 2012. The subsidiary’s deposit book amounted to 794m RUR on July 1, 2015 (up 36% on the start of the year). Its corporate loan book rose by 11% in the first half of 2011 and came to 245m RUR. The number of business customers went up by 11% compared with the beginning of the year.


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