UBRD Corporate Loan Book Rises 16.6%
14 March 2016 (09:13)
UrBC, Yekaterinburg, March 14, 2016. The Ural Bank for Reconstruction & Development’s corporate loan book rose by 16.6% last year (thanks to, among other things, an increase in the number of issued LCs) and reached 123.5bn RUR on January 1, 2016, the bank’s press service reports.
According to the bank’s analysts, the increase mainly had to do with the re-evaluation of the company’s foreign currency assets (27.35% of the bank’s portfolio at the moment).
70% of corporate loans are working capital loans; the UBRD issued almost no investment loans last year due to economic factors.
The bank’s Corporate Sales Director Olga Drovovozova said the number of investment project applicants decreased by nearly three times last year compared with the year 2014.
According to the bank’s analysts, the increase mainly had to do with the re-evaluation of the company’s foreign currency assets (27.35% of the bank’s portfolio at the moment).
70% of corporate loans are working capital loans; the UBRD issued almost no investment loans last year due to economic factors.
The bank’s Corporate Sales Director Olga Drovovozova said the number of investment project applicants decreased by nearly three times last year compared with the year 2014.
 | Embed to Blog |  | Subscribe to Newsletter |  |