Ural Bank for Reconstruction and Development gets subordinated loan
21 January 2008 (09:11)
The Ural Bank for Reconstruction and Development received a subordinated loan worth $50m for the term of ten years on December 21, 2007. The loan was offered to the bank by ABN AMRO BANK N.V. until December 2017. This is the first time the Ural Bank for Reconstruction and Development has obtained a loan from a foreign contractor. It appears that the deal went through thanks to the impressive estimates given to the bank by the world’s leading rating agencies. The Ural Bank for Reconstruction and Development’s long term rating was confirmed at B- by Standard and Poor’s (with Rating Outlook seen as Stable) and at B3 by Moody’s Investors Service (with Rating Outlook seen as Positive).
The bank has been on the market for more than seventeen years now; this, alongside with the ongoing business growth, is what makes it possible for them to retain a very considerable share of both the local and the national financial markets. According to Interfax-CEA, for instance, the Ural Bank for Reconstruction and Development hit Russia’s Top 100 banks rating and the Urals’ Top 3 banks list quite a while ago, while RBC.Rating’s experts report the Ural Bank for Reconstruction and Development is the Urals’ largest bank and Russia’s 25th largest bank in terms of natural persons’ deposits.
The bank has been on the market for more than seventeen years now; this, alongside with the ongoing business growth, is what makes it possible for them to retain a very considerable share of both the local and the national financial markets. According to Interfax-CEA, for instance, the Ural Bank for Reconstruction and Development hit Russia’s Top 100 banks rating and the Urals’ Top 3 banks list quite a while ago, while RBC.Rating’s experts report the Ural Bank for Reconstruction and Development is the Urals’ largest bank and Russia’s 25th largest bank in terms of natural persons’ deposits.
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Other materials on the topic::
- UBRD’s long-term credit rating confirmed at B-
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- Ural Bank for Reconstruction and Development’s rating upped
- Ural Bank for Reconstruction and Development given B3 rating by Moody’s
- Ural Bank for Reconstruction and Development hits B3 in Moody’s international rating