URSA Bank gets on Russia’s Top 50 banker guarantee list

URSA Bank is now among Russia’s fifty banks that are allowed to provide a banker’s guarantee to those willing to get a loan from the Bank of Russia. The full list became available via the Central Bank of Russia’s website on September 19, 2007.

The Bank of Russia’s provisions provide for a chance to apply for a loan that would be covered by the Bank given that some commercial bank offers a banker’s guarantee for this. The Bank only accepts guarantees from banks whose credit rating comes to at least B+ (according to Standard & Poor’s or Fitch Ratings) or at least B1 (according to Moody’s).

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