The Banker magazine (part of Financial Times group) came up with a new rating of the World’s Top 1,000 banks. The Banker reports URSA Bank was the world’s 487th largest bank in terms of tier one capital in 2007, which was 345 positions better than in 2006.

URSA Bank was first featured in the magazine’s rating in 2007 with the 832nd position in terms of tier one capital for 2006. Over the year 2007, the bank’s dramatic growth secured it a place among the world’s Top 10 banks in terms of rating promotion.

In addition, URSA Bank was given the 15th position in terms of assets among all Russian banks and the 19th position among Central and Eastern Europe’s largest banks.

The Banker has been publishing its annual rating of the world’s largest banks in terms of tier one capital since 1926. The capital is calculated using the Basel Bank for International Settlements’ technique and on the basis of data provided by the banks themselves. The better part of tier one capital is made up of the bank’s authorized capital and retained profits.