RBC.Rating came up with this year’s list of Russian banks with the most developed subsidiary network. The Ural Bank for Reconstruction and Development was featured on the list as usual. This is in fact Ural Federal District’s largest bank in terms of the number of subsidiaries that was given the 21st position in the national rating. RosBusinessConsulting’s experts report the bank ran 161 outlets (including subsidiaries, additional offices, POS terminals, etc) on July 1, 2008, the spokesperson for the Ural Bank for Reconstruction and Development reports.

‘The bank does better and better every year as far as RosBusinessConsulting’s research is concerned. This year, the Ural Bank for Reconstruction and Development was promoted by one position compared with 2007 and by six positions compared with 2006. These rating improvements can be seen as an indicator of the bank’s dynamic subsidiary network development,’ the spokesperson for the bank says.

The bank set up eleven new offices in the first half of 2008 alone. These included outlets in both the bank’s familiar regions and new cities. The bank’s subsidiary network amounts to ninety-five divisions (excluding the non-bank outlets) in ten Russian regions.