Moody's Investors Service, the international rating agency, classed Russian and foreign currency deposits of Ural Bank for Reconstruction and Development as having a long-term B3 rating, a short-term Not-Prime (NP) rating, and gave the bank the E+ rating in terms of financial stability. In the meantime, Moody's Interfax Rating Agency granted the company a long-term Baa2.ru rating on the national scale.

The agency says the bank’s leadership in Sverdlovsk and Chelyabinsk Regions has supported its financial stability rating. Given the region’s rapid development and the company’s ties with large local enterprises, Ural Bank for Reconstruction and Development definitely has great growth potential. Besides, the bank is planning to be gradually converted from a regional entity to a nation-wide one. The agency’s experts report that such things as the bank’s extensive regional office network and stable deposits (50% of accounts belong to private persons) have also had some positive impact on the company’s ratings.

Ural Bank for Reconstruction and Development was quite successful in 2006. Its assets went up 54% and reached the point of 26.5bn RUR; the bank’s loan portfolio amounted to 16.1bn RUR on January 1, 2007. The company’s equity basis grew by 29% and came to 2.4bn RUR. The bank attracted 20.9bn RUR worth of investments, or 63% more than in 2005, of which 12.9 bn RUR were natural person investments (which exceeds the figures for a year earlier by 52%). The bank’s net profit tripled and thus came to 450m RUR in 2006, reports the spokesperson for Ural Bank for Reconstruction and Development.