Bank of Russia registers new bank management fund under Ural Bank for Reconstruction and Development

The regional division of the Bank of Russia registered Financial System bank management fund under the Ural Bank for Reconstruction and Development. Registration number is 04657779500015.

‘The new fund will mainly invest in Russian banks’ shares; this segment was chosen because Russian banks need to develop quicker than any other sectors if we want to boost the country’s economic growth. When economy is on the rise, banking services enjoy greater demand; market capitalization and liquidity within this segment goes up as well, all of which improves the dividend payments and stock price. In such cases, it may actually be more profitable to invest in a bank rather than industrial enterprises’ shares,’ the Ural Bank for Reconstruction and Development reports.


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