Wednesday, May 23, 2018

UBRD's equity capital, operating income surge in 2014

The Ural Bank for Reconstruction and Development (UBRD) recently posted its financial results for 2014.

Guideline Value N1.0, an indicator of reliability and stability for financial institutions, ranked UBRD at 13.31 on Jan. 1. The minimum the Guideline can rank a bank is 10.

As of Jan. 1, the equity capital for 2014 rose from approximately $268 million to more than $382 million, a 42.4 percent increase.

In terms of equity, these figures place UBRD among the 50 largest banks in Russia.

UBRD’s assets rose by 17.5 percent in 2014, currently standing at $364 billion.

UBRD’s balance profit for 2014 exceeds $30 million.

Net operating income rose to over $365 million, a 44.7 percent increase over 2013.

The bank’s base liabilities total well over $3 billion, as the bank’s base liabilities increased 17.8 percent from the beginning of 2014 to the end of the year.

Anton Solvyov, president of UBRD, said these figures show that UBRD can thrive regardless of economic conditions.

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Ural Bank of Reconstruction and Development

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