UBRD Opens Branch in Saint Petersburg

4 April 2017 (13:45)

UrBC, Yekaterinburg, April 4, 2017. The Ural Bank for Reconstruction & Development opened Sredneokhotinsky, a new branch in Saint Petersburg that offers a full range of banking services to private customers, the bank’s press service reports.

The bank also set up two street retail branches in Saint Petersburg in January 2017. Both branches are basically ATMs/payment terminals. Now customers can open a deposit, apply for a loan or a debit/credit card, make money orders, and open or close their current accounts.

This means the bank currently operates one full-fledged branch, one branch with a cash desk, three street retail outlets, and a loan-issuing terminal for SMEs in Saint Petersburg.

The UBRD’s network strategy is based on the following rule: the number of branches directly depends on the business efficiency in a given city/town. So the bank is planning on setting up more branches in Moscow soon.

The bank’s branches are available in forty-two Russian federal constituencies at the moment.

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