INTERFAX. Urals Bank for Reconstruction and Development (UBRD, Ekaterinburg) reported a 17.2% increase in assets to Rub 44.87 bln in Q108. The bank’s grand total stood at Rub 49.63 bln as of April 1 (a 24.7% increase) and credit portfolio spiked 9% to Rub 27.75 bln.
In the first three months of 2008 funds of the bank’s clients jumped 8.1% to Rub 32.60 bln, including a 5.1% rise in private deposits to Rub 21.20 bln. As of April 1, 2008 UBRD’s equity amounted to Rub 3.72 bln, growing 6.4% y-o-y. The lending institution generated Q1 net profit of Rub 347.61 mln, i.e. 13.7% higher than in the year-earlier period.
UBRD’s charter capital is equal to Rub 668.12 mln. The lender’s major shareholders are Novgorod Metal Works, the Russian Federal Property Fund and a number of individuals. In 2007, UBRD ranked 65th in terms of assets in the Interfax-100 ranking, prepared by Interfax-CEA.
