URSA Bank to take part in auction

The Russian Federation Finance Ministry allowed twenty-eight banks to take part in an auction where they will compete for the right to keep the budgetary funds in their deposits. All of these banks have at least BB long-term credit rating (according to Standard & Poor's or Fitch) or Ba3 rating (according to Moody’s). What is more, these banks are all on the country’s Top 50 Banks list.

They are: Absolut Bank, Bank Ak Bars, Alfa Bank, Bank VTB, Bank VTB 24, Bank VTB Severo-Zapad, Gazprombank, Eurofinance Mosnarbank, Bank Zenit, Credit Europe Bank, MDM Bank, Bank of Moscow, Nomos Bank, Orgresbank, OTP Bank, Bank Petrokommerz, Promsvyazbank, Raiffeisen Bank, Rosbank, Rosselkhozbank, Bank Russian Standard, Bank Saint Petersburg, Sberbank of Russia, Transcreditbank, Bank Uralsib, URSA Bank, and Khanty-Mansiyskiy Bank.

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