UBRD declared region’s most profitable bank

The Ural Bank for Reconstruction and Development has recently been declared Sverdlovsk Region’s most lucrative bank. According to RBC.Rating’s list of banks that proved most profitable and effective in January-September 2009, the Ural Bank for Reconstruction and Development was Russia’s 49th largest bank and the region’s No.1 in terms of profits. The bank’s balance sheet profit rose by 25% over a year and reached 724.3 million RUR on October 1, 2008, the bank’s press officer reports.

The business’s great profitability proves that the bank manages to keep up with the rapid development, effective risk management, and therefore retaining the leading position on the country’s banking market.

The bank is believed to be the country’s 76th bank with the cleverest asset management. After all the efficiency criteria were evaluated, the Ural Bank for Reconstruction and Development was declared Russia’s 42nd most universal bank.


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