Rus-Bank-Ural promoted in RBC rating

In July 2008, the Ural Bank for Reconstruction and Development was promoted from the 38th to the 34th position in MICEX Top 50 share market players rating. 654 market operators competed for a position in the rating altogether, while the bank’s promotion was brought about by a turnover increase: this went up from 4.4 billion RUR in June 2008 to 6.5 billion RUR in July 2008. In addition, the volume of the bank’s REPO transactions at MICEX stock exchange rose from 3.8 billion RUR to 22.9 billion RUR, or by over six times in July 2008 compared to a month earlier. As a result, the bank was

Rus-Bank-Ural (formerly known as OAO KB Ural Treasures Bank) was merged with Rus-Bank on January 22, 2010, the Yekaterinburg-based bank’s official website states. In accordance with Article 58 of the Russian Federation Civil Code, Rus-Bank will act as a legal successor of Rus-Bank-Ural’s rights and obligations and will thus be in charge of all the contracts signed within the reorganized banking structures. Rus-Bank acquired Yekaterinburg-based Ural Treasures Bank in December 2007, raising its share in the local bank’s authorized capital from 0.0078% to 98.42%. On September 4, 2008 Ural

Rus-Bank-Ural started to officially use its new name on September, 2008. This renaming was part of the bank’s major re-branding campaign. Rus-Bank-Ural is now the official name used in bank-customer agreements, advertisements, and the bank’s internal and external correspondence. ‘The renaming did not come as a surprise for our customers,’ the bank’s press officer reports. The news was actually announced via the Central Bank’s website on August 5, 2008; the information could be found under the Bank Updates rubric. The whole thing started when Rus-Bank acquired 98.42% of Ural Treasures Bank’s

Interfax-Center for Economic Analysis (Interfax-CEA) came up with a ranking of Russia’s best developing banks in the nine months of 2009. According to this ranking, MDM Bank proved one of the country’s fastest-growing credit organizations, the bank’s press officer reports. MDM Bank’s assets have increased by 81% since the beginning of the year; this has been the greatest figure among Russia’s Top 20 banks since January 2009. At the same time, the increase in the total assets of Russia’s 100 largest banks only amounted to .1% in the three quarters of 2009. MDM Bank was the first on the list of

March and April are traditionally the time when banks publish their annual reports for the previous year, while the country’s leading media usually spend some time analyzing these reports. URSA Bank, for example, was rated Russia’s 17th largest bank in terms of net asset volume (as of January 1, 2008) by RosBusinessConsulting, Forbes, and Kommersant-Dengi. In addition, Dengi gave the bank the 18th position in Russia’s largest banks rating based on the volume of the banks’ own funds. According to RosBusinessConsulting’s rating of Best Deposit Banks, URSA Bank was given the 12th position in