Ural Bank for Reconstruction and Development tops professional stock market players list

The Ural Bank for Reconstruction and Development was given the leading positions on Delovoy Kvartal magazine’s list of professional securities market participants, the bank’s press officer reports.

The Ural Bank for Reconstruction and Development, with its total securities market turnover of 409.7 billion RUR, was Sverdlovsk Region’s No.1 in the first half of 2008. The better part of the bank’s turnover resulted from the company’s dealership and brokerage operations.

‘Despite the market’s instability, our customers grow more and more interested in independent investment, which is why the brokerage operations turnover has gone up dramatically. At the moment, the stock market is full of the more venturesome kinds of investors, since the price level looks very appealing right now. At the same time, we were able to carry out more transactions of our own on the securities market, so our dealership turnover increased as well,’ says the Ural Bank for Reconstruction and Development’s Investment Services Director Vladimir Zotov.

The bank was also rated Sverdlovsk Region’s largest bank in terms of trust management assets: these amounted to 177 million RUR on July 1, 2008.

‘Given the ongoing financial crisis, the trust management assets have obviously gone down at nearly every company, since investors often preferred to keep their money in the safe haven of bank deposits. At the same time, these assets are not a business’s decisive factor as they directly depend on a company’s management strategy,’ Vladimir Zotov added.

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