Ural Bank for Reconstruction and Development hits RBC Daily’s Top 100 rating

18 March 2008 (08:05)

RBC Daily’s analysts used Expert RA’s research data to compile the rating of Russia’s Top 100 Banks in 2007. According to the agency, the country’s banking system grew as dynamically as in 2006 despite the difficulties related to borrowing on foreign markets; the banks’ assets rose by 44.1% last year, which is quite comparable with 44.05% in 2006, while the market capitalization reached 57%, which is 6% better than in 2006.

As for the rating, only three Yekaterinburg-based banks actually managed to hit it; the Ural Bank for Reconstruction and Development could boast the greatest asset volume among these three banks and was given the 63d position in the Top 100 rating.

The bank’s assets reached 38.1 billion RUR in 2007, which is 44.4% better than a year earlier. In fact, this growth rates exceed the Russian average impressively. The Ural Bank for Reconstruction and Development’s capital increased up to 2.2 billion RUR, thus securing the bank a place among Sverdlovsk Region’s leading banks (all featured in the rating) and the 90th position in the country’s top banks rating.

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