The Ural Bank for Reconstruction and Development raised its assets by 30% in January-September 2008, so the figure now comes to 50,086,524,000 RUR. The bank’s balance sheet total rose by 61.5% on October 1, 2008, while the amount of money in the bank customers’ accounts went up to 34,747,336,000 RUR; this figure includes a 20.1% drop in the amount of money in the private customers’ deposit accounts. The bank’s own funds increased by 26.4%, the spokesperson for the Ural Bank for Reconstruction and Development reports.

‘The region’s financial system proved more resistant to market fluctuations than many experts had hoped. What is more, the state, the bank’s stockholders, and the bank’s management were quick to react and took efficient measures. The Ural Bank for Reconstruction and Development thus faced the fall’s crisis prepared in terms of both keeping up with its liquidity level and maintaining a proper resource base,’ says the bank’s Vice President and CFO Anton Soloviev.