The Ural Bank of Reconstruction and Development (UBRD) recently announced that its deposit portfolio has grown by 18 percent, amounting to more than $3 billion US.
The Jan. 1 report showed UBRD’s deposit portfolio expanded by 26.1 percent, or approximately $428 million US, in 2014.
UBRD recorded a 19.4 percent increase in private clients in 2014, with three regions -- Chelyabinsk, Kirov and Sverdlovsk -- leading the way. UBRD had 444,000 customers for the year, a 42 percent increase that shows that despite Russia's current economic crisis, customers have not lost faith in the bank.
To help make these gains, UBRD has developed specific products for various categories of customers. The most popular new service among customers is the remote deposit.