The Ural Bank for Reconstruction and Development raised its assets by 24.7% in the first half of 2008, so these reached 47,750,900,000 RUR on July 1, 2008. The bank’s balance sheet total rose by 42.2%, its loan portfolio went up by 19.8%. The amount of money deposited by the bank’s customers within the bank increased by 15.7% over the first half of 2008; this includes a 16.3% increase in the volume of private individuals’ deposits. The Ural Bank for Reconstruction and Development’s own funds reached 4,109,954,000 RUR on July 1, 2008, which exceeded the figures for January 1, 2008 by 17.6%, the bank’s press officer reports.

‘The bank kept on developing stably in January-June 2008 and could therefore boast some increase in finances. The bank went on pursuing its strategic development priorities, that is, the company kept investing in subsidiary network development, in introducing a wider range of retail services, and in making its services more technologically advanced. As a result, the demand for these increased impressively,’ says the Ural Bank for Reconstruction and Development’s Strategic Development Director Andrei Emelyanov.