UBRD gets on Russia’s TOP 200 list

25 December 2008 (11:05)

The Profile magazine’s experts looked into the Russian banks’ performance in January-October 2008 and came up with their list of the country’s Top 200 banks, rated in accordance with their net asset volume as of November 1, 2008. The Ural Bank for Reconstruction and Development was given the 59th position in the ranking.

‘The bank, with its 49.77 billion RUR worth of assets, left all the other provincial banks behind. The bank’s experts believe its impressive financial base is a great advantage on the market at the moment,’ the Ural Bank for Reconstruction and Development reports.

‘It’s hard to say what the banking market will look like in the future, but it is already clear that, since the global financial paradigm is changing and the world is turning away from the liquid assets, the larger banks will be less prone to dramatic changes. We keep focusing on our financial development indicators’ natural growth, monitor the quality of our lending portfolio, and take pride in our clever risk management. This is why we have been able to retain our market share and feel good about the future,’ says the Ural Bank for Reconstruction and Development’s Strategic Development Director Andrei Emelyanov.

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