Ural Treasures Bank raises own funds by 30% in 2007

Ural Treasures Bank’s balance sheet total rose by 30% last year and reached 10,650 million RUR on January 1, 2008. The bank’s own funds grew by 30% as well and reached 811 million RUR on January 1, 2008. Their balance sheet profit came to 120.8 million RUR, which exceeds the figures for a year earlier by 1.5 times, the bank’s press officer reports.

According to the Profile magazine’s 48th issue published on December 24, 2007, Ural Treasures Bank was one of Russia’s Top 200 banks in terms of net assets and was given the 162nd position in the rating.

The bank has plenty of nice offers for both businesses (such as loans) and private individuals (such as deposits with advantageous interest rates). The number of business accounts went up by 15% last year, while the total volume of the bank’s deposits reached 6,591 million RUR on January 1, 2008. The volume of loans given by the bank rose by 15% and came to 4,447 million RUR.

In December 2007, Ural Treasures Bank handled more than 320 million RUR worth of money orders, including the ones made through Western Union. In addition, the bank kept issuing VISA and MasterCard credit cards of all kinds.

'The year 2007 was a very important one for us. We underwent the last stage of the management system audit and received our ISO 9001 certificate. Besides, we merged with the Moscow-based Rus-Bank, which means we can now offer a wider range of services to our customers,’ the bank’s press officer says.

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