Interfax-CEA’s analysts came up with a report on the Russian bank’s performance in the second quarter of 2008. The Ural Bank for Reconstruction and Development was once again declared the Urals’ No.1 in terms of asset volume and profitability. In addition, the bank was given the 60th position in the country-wide rating of banks’ net assets. The bank’s net assets amounted to 47.643 billion RUR in the second quarter of 2008, which exceeded the figures for the previous quarter by 25%. Besides, the Ural Bank for Reconstruction and Development was rated 58th on Russia’s Top 100 Banks list.

Interfax-CEA actually rated the Ural Bank for Reconstruction and Development much higher than the rest of the Ural banks. In terms of assets and profitability, for example, the bank was rated nine and thirteen positions better, respectively, than what any other regional bank managed to score.

‘The bank’s getting nice positions in both regional and country-wide ratings on a regular basis has to do with a whole set of interconnected factors: we’ve got an extensive subsidiary network, our range of products is clearly segmented on the basis of our consumer niches, and we can boast some clever risk management. As we are paying special attention to these elements of our strategic development, we manage to systematically attract more customers and make our business a more lucrative one,’ says the Ural Bank for Reconstruction and Development’s Strategic Development Director Andrei Emelyanov.