UBRD gets on loan brokers’ rating

The Ural Bank for Reconstruction and Development was rated Russia’s 34th largest loan broker by RosBusinessConsulting. The agency’s experts looked into the banks’ MICEX and RTS trading activity involving Russian companies’ securities in July 2008. The Ural Bank for Reconstruction and Development’s trading turnover came to $281.27m, which was nearly 1.5 times better than $188.01m-turnover in June 2008.

What is more, the bank was given the 25th position on RTS FORTS Top 100 players list in July 2008. RosBusinessConsulting did not employ any market turnover figures for this one in the research, though.

‘In the summer, the market was mainly influenced by negative factors, and its ongoing downfall has lured a lot of risky investors in, which, in its turn, led to more customers’ transactions,’ says the bank’s executive Vladimir Zotov.

Analysts report there actually was more activity on the Russian stock market in July 2008 compared to a month earlier thanks to some happy news, but this surge was too short-lived to change the trend.

‘Still, the market still looks good to investors, so our customers are once again asking for broking and trust management services,’ Vladimir Zotov notes.

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