Expert RA recalls UralPrivatBank’s rating

4 August 2010 (09:13)

Expert RA, a rating agency, reports that ZAO Uralprivatbank’s business solvency rating has been called off due to the expiration of its term and the bank’s refusal to have it renewed. Prior to the cancellation, the bank’s rating came to В++ (‘Acceptable solvency level’).

Expert RA reports ZAO UralPrivatBank is an organization specializing in loans to legal entities and private individuals and offering cash management and settlement operations within Sverdlovsk Region.

As of July 1, 2010, the bank’s assets (calculated in accordance with the Russian Accounting Standards) amounted to 1,929 million RUR (the 495th best result in Expert RA’s ranking); the bank’s own funds totaled to 226 million RUR, its pre-tax loss reached 71 million RUR.

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