S&P Affirms UBRD’s Stable Rating Outlook

22 October 2019 (09:16)

UrBC, Yekaterinburg, October 22, 2019. Standard & Poor’s (S&P) affirmed the Ural Bank for Reconstruction & Development’s long- and short-term ratings at B-/B, with Stable rating outlook, the bank’s press service reports.

According to the agency’s report, the rating outlook was given as ‘Stable’ to emphasize that S&P Global Ratings believe the UBRD will manage to retain its confident share of the market and customer base in the Urals in the next twelve months, maintain asset quality, and ensure stable liquidity and funding performance.

It is also reported the bank has a diversified resource base thanks to a large share of long-term, insured customer deposits and keeps the business stable through well-balanced liquidity management.

S&P analysts say the bank’s strong local market position helps the UBRD maintain its current business turnover and remain less vulnerable when competing with the state-owned banks.

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