UrBC, Yekaterinburg, March 14, 2019. The Ural Bank for Reconstruction & Development (UBRD) went through with its national network management reorganization by dividing different parts of Russia where the bank operates into special divisions and decentralizing control over these areas. There are now nine divisions active in the parts of the country where the bank’s offices are located, UBRD Chair of the Board Anton Solovyov said at a press conference in Yekaterinburg today.

‘Different divisions will be adopting different strategies varying in the degree of aggression, aspects of development, and product focus, since customer bases are not the same, and our clients do not all have similar needs,’ Solovyov explained.

According to Solovyov, breaking the entire business network into divisions will allow the bank to get feedback on local customers’ needs faster and in more detail; this will also help to eliminate the unnecessary tiers of the management structure and thus ensure faster and better quality interaction.

The Ural Bank for Reconstruction & Development now runs its offices in nine Russian divisions: Yekaterinburg (Yekaterinburg and its satellite towns Sredneuralsk, Berezovsky, and Verknyaya Pyshma); Mid-Urals (Sverdlovsk Region); Southern Urals (Chelyabinsk Region); Center (Moscow, Saint Petersburg, Belgorod Region, Voronezh Region, Kursk Region, Leningrad Region, Lipetsk Region, Moscow Region, and Nizhniy Novgorod Region); South (Krasnodar Territory, Astrakhan Region, Volgograd Region, Rostov-on-Don Region, and Saratov Region); Siberia (Altay Territory, Kemerovo Region, Novosibirsk Region, Omsk Region, and Tomsk Region); Western Siberia (Kurgan Region, Tyumen Region with Khanty-Mansiysky Autonomous Region and Yamalo-Nenetsky Autonomous Region); Volga-Vyatka (Perm Territory, Kirov Region, the Republic of Udmurtia); and Volga (the Republic of Tatarstan, the Republic of Bashkortostan, Orenburg Region, Samara Region, and Ulyanovsk Region).