URSA Bank gets on The Banker’s Top1000 list

9 July 2007 (09:28)

The Banker (one of the world’s most influential magazines owned by the Financial Times Group) came up with its Top1000 largest banks list. URSA Bank has been mentioned for the first time, becoming the world’s 832nd largest bank and Russia’s 23d largest bank in terms of stock. URSA Bank was also rated the world’s 821st largest bank and Russia’s 13th largest bank in terms of assets.

The Banker has been publishing its annual rankings since 1926; the evaluation is based on the method developed by Basel-based Bank for International Settlements (BIS). The data (concerning primarily the amount of stock and surplus earnings) are provided by the banks themselves.

URSA Bank’s Managing Director feels the bank’s getting on such a respectable and globally known magazine’s success list is going to help URSA Bank expand its correspondent bank network and reduce expenses related to financing the customers’ business projects.

Other materials on the topic::