Interfax CEA has recently come up with its new Interfax 100 Russian Banks ranking that states that the Ural Bank for Reconstruction and Development is Ural Federal District’s most lucrative bank. Its pre-tax profit amounted to 316.5 million RUR in the first quarter of 2007, making the bank Russia’s No.41 among 100 largest banks in the country.

‘The Ural Bank for Reconstruction and Development is one of the major retail banks in the Urals and thus always does great in terms of natural persons’ deposits; it hits 29th among Russia’s 1,015 banks. Research has shown that the bank manages to meet the clients’ expectations in terms of nice offers on deposits quite successfully, and the total volume of deposits grew by 7% in January-March 2007,’ the bank’s press release says.

Interfax’s rating covers 1,015 banks, with positions assigned based on the volume of assets.