UBRD Issues 25% More Loans

UrBC, Yekaterinburg, November 8, 2016. The Ural Bank for Reconstruction & Development (UBRD) issued 25% more loans in the third quarter of the year than in the previous quarter; the overall amount thus came to 5.8bn RUR, the bank’s press service reports.

According to the bank’s Deputy Marketing Director Evgenia Ginsburg, an increase in the amount of all loan types during the summer has to do with people regaining trust in borrowing practices and with the overall improvement in their social feelings.

‘The All-Russian Public Opinion Research Center’s findings indicate that Russians started feeling a bit better about their social circumstances in June-August, mostly because the socioeconomic situation grew more stable and because people tend to feel more optimistic during the holiday-making season. The trust index, which stood at 20% in May and June, gained one percentage point in July and reached 23% by August,’ Ginsburg said.


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