OREANDA-NEWS. National Rating Agency has affirmed its ‘AA’ credit rating on Ural Bank for Reconstruction and Development PJSC (UBRD). The outlook for the rating is Stable. The bank was assigned NRA’s first-time credit rating of ‘A+’ on Apr. 20, 2009. The latest rating action (the ‘AA’ credit rating affirmation with a stable outlook) was on Apr. 23, 2015.

UBRD was established in September 1990. Its shares belong to Igor Altushkin (majority owner of Russian Copper Company) and his partners. UBRD’s regional network is one of the largest in Russia. At the end of Q1 2016, the bank operated 13 branches and around 150 back-up offices and operational outlets. Its branded ATM network includes more than 1,000 locations. UBRD’s average headcount in 2015 was less than 5,500 employees. UBRD is a universal bank licensed to engage in a wide range of financial activities. Currently, the bank is on a fast growth path and has a strong presence in the corporate banking and retail lending markets. UBRD has an extensive and diversified customer base with no industry comprising any large part of its business.

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