RBC.Rating came up with the results of their latest Russian financial market research. Their rating featured banks that proved the most profitable and the most efficient in the first quarter of 2008. Just like a year earlier, the Ural Bank for Reconstruction and Development made it to Russia’s top 100 list, leaving behind many other Ural Federal District-based banks. The bank’s profit amounted to 355.8 million RUR on April 1, 2008 and secured the company the 44th best position on the Top 100 list and the 1st place among all the banks of Ural Federal District, the bank’s press officer reports.

‘The stable growth of our major portfolio profits proves that the bank’s development strategy is the right one and that it is well adjusted to the economic conditions of the Russian regions where the Ural Bank for Reconstruction and Development operates. This strategy gives us an opportunity to keep developing dynamically in all respects and ensures reliable and effective management of assets and liabilities,’ says the Ural Bank for Reconstruction and Development’s Strategic Development Director Andrei Emelyanov.