The brand known as URSA Bank entered the Russian banking market a year ago. Today, URSA Bank is Russia’s 16th largest bank in terms of assets: these, according to Interfax-CEA, increased by more than 65% compared to the beginning of 2007. In addition, the bank is now Russia’s second largest bank in terms of asset growth dynamics, 17th largest in terms of capital volume, 13th largest in terms of natural persons’ deposit volume, and 5th largest in terms of consumer loan volume, the bank’s press officer reports.

According to The Finance magazine’s rating published in October 2007, URSA Bank was Russia’s 73d largest company whose shares are offered publicly. Its market capitalization reached 58.7 billion RUR. The bank went through with an IPO in the summer and managed to attract more than $407m from both Russian and foreign investors.

Moody's and Fitch promoted URSA Bank’s credit rating recently, whereas The Banker magazine has for the first time included URSA Bank in the world’s Top 1,000 largest banks rating. The bank was given the 832nd position in terms of capital volume and the 821st position in terms of asset volume.

URSA Bank is reported to be one of Russia’s thirteen most recognizable banks, with the target audience perceiving the bank as dynamically developing and client-friendly.

'We’ve been growing faster than the market itself over the last few years, and we’ll try to stay this way in 2008. We must become the leading bank in terms of development, effectiveness, and shares of domestic markets,’ says URSA Bank’s Chairman Igor Kim.