OREANDA-NEWS. On May 21, 2007 a grand reception hosted by OJSC BANK URALSIB was held in Kazan on the closing day of the EBRD Annual meeting, reported the press-centre of  OJSC BANK URALSIB.


The purpose of the reception was to introduce Andrey M. Donskikh, Chairman of the Management Board of OJSC BANK URALSIB, appointed in March 2007, to the international banking community. 170 guests attended the reception, top executives of EBRD and International Finance Corporation (IFC)  among them.


The reception began with a welcoming address of Andrey M. Donskikh who gave an overview of the Bank and its plans for further development. Andrey M. Donskikh highlighted that by the end of 2006 the Bank's assets exceeded USD11,6bln, while its equity increased to USD1,7bln.  URALSIB is confidently number 4 among Russia's banks in terms of equity. The Bank have been developing its corporate and retail banking successfully - customer deposits have reached USD7,3bln, increasing by 37% in a year, and its customer loans grew by 22% making USD6bln.


The Bank's international business has been developing effectively. Total international funding exceeded USD2,3bln in 2006. This amount includes 3 syndicated loans aggregating USD 833mln. The trade finance portfolio grew by 20%. The amount of foreign bank lines for treasury operations reached USD1,3bln. In 2006 URALSIB was number two among Russian private banks in documentary operations and inter-bank lending. The year 2006 saw an essential geographical expansion of our international activities. The Bank has been insistently developing its business in Europe, the US, South-East Asia.


Andrey M. Donskikh said that URALSIB's cooperation with the international financial institutions will be reinforced and that OJSC BANK URALSIB will remain the partner of choice for the banks, developing their business in Russia.