Ural Bank for Reconstruction and Development triples securities market transactions in 2007

The Ural Bank for Reconstruction and Development managed to triple the volume of its securities market transactions last year compared to the year 2006. The figure thus reached 521.319 billion RUR. For one, the bank’s trading activity at Moscow Interbank Currency Exchange and RTS (FORTS) rose by 61% and 6.5 times, respectively, and resulted in 194.992 billion RUR and 112.841 billion RUR worth of trading deals, respectively. The volume of the bank’s securities transactions at MICEX amounted to 213.288 billion RUR in 2007, which is nine times better than the year before.

At the same time, the turnover of transactions the Ural Bank for Reconstruction and Development handled regarding Gazprom’s shares at Saint Petersburg Stock Exchange plummeted down by twenty-four times and came to 197.8 million RUR last year since 2007 was the time when all the active customers switched from Gazprom’s share market to Moscow-based MICEX.

'Our customers tend to grow more and more interested in the stock market lately, so our broking activity at MICEX and RTS (FORTS) went up by 3 and 6.5 times respectively in 2007. This is largely explained by both the investors and the customers becoming more active,’ says the bank’s Investment Services Director Vladimir Zotov.

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