UBRD’s assets go up 31.4% in 2008

The Ural Bank for Reconstruction and Development was able to raise its assets by 31.4%, so these now amount to 50.33 billion RUR. The bank’s balance sheet total reached 71.42 billion RUR on January 1, 2009 (which was 79% better than a year earlier). The customers’ account balance exceeded 29.44 billion RUR last year, while the private individuals’ deposit volume increased up to 20.48 billion RUR.

‘Our end-of-year performance results make it obvious that, despite the microeconomic difficulties, the bank keeps on successfully implementing its chosen strategy and expands the business through offering new products, improving on service technologies and business processes, and extending its subsidiary network,’ says the Ural Bank for Reconstruction and Development’s Vice President and CFO Anton Soloviev.

The bank’s own funds exceeded 4.29 billion RUR on January 1, 2009, which was 22.8% since a year earlier. The net profit came to 453.492 million RUR in 2008, which exceeded the figures for 2007 by 33.7%.

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