RusRating agency raised the short-term credit rating of Ural Bank for Reconstruction and Development and classed it as stable.

‘The increase in rating indicators is due to the bank expansion resulting from a merger with Sverdlsotsbank, building up its share of the market as well as reducing the number of trusted affiliated companies and diversification of the bank’s liabilities,’ explains RusRating analyst Larissa Makarenko.

Among the growth-restraining factors is a high share of related party loans in the bank’s assets accompanied with a meager contribution of the related parties to the bank liabilities. The future growth of the bank will also be limited by the current amount of its capital, RusRating representatives observed.