UBRD Offers More E-Banking Options to Businesses

UrBC, Yekaterinburg, September 13, 2017. The Ural Bank for Reconstruction & Development (UBRD) expanded the range of e-banking services available to businesses, the bank’s press service reports.

Companies can now apply for and get express bank guarantees needed to take part in government auctions remotely, using their Internet banking options or DiaDoc, an electronic paper flow system.

‘Introducing more new e-banking services is something we need to do in order to keep up with the times. As many as 74% of Russian businesses are using Internet banking this year, compared with around 60% only a year ago. The number of UBRD customers who do e-banking comes to 90% at the moment, with 11% of business customers using both Light and Pro (they normally distribute access to both options across employees depending on these employees’ job responsibilities),’ says UBRD Corporates Director Elena Sorvina.

According to Sorvina, businesses also rely heavily on express bank guarantees to be eligible for government auctions. In fact, the bank issued twice as many guarantees in July 2017 as in July 2016.

‘We therefore united two most pronounced trends into one simple solution, so all of our active online banking users can now apply for bank guarantees directly and without having to come to our branches,’ Sorvina says.

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