RusRating Agency promoted the Ural Bank for Reconstruction and Development’s rating from B- to B Stable.

The agency reports this promotion has been brought about by the bank’s greater efforts in the field of offering loans to natural persons, expanding its subsidiary network, and dynamic overall business expansion. Then, there are factors like impressive share of the regional retail deposit market, a nice reputation on the Russian interbank market, and a clever development strategy.

‘All of the bank’s ratings are currently at least at B level, which means the independent experts think highly of our development strategy and its outcomes. Our current ratings make us hopeful that we’ll be able to find new partners on the interbank market and attract some advantageous long-term investments using the international financial market,’ the Ural Bank for Reconstruction and Development’s Strategic Development Director Andrei Emelyanov said.