OREANDA-NEWS. October 31, 2008. URSA Bank is pleased to announce that under its buyback programs for eurobonds maturing in 2009, the Bank has to date repurchased notes of over USD100m in principal. The programs were launched in late September 2009, with a view to demonstrate the Bank's liquidity position and to offer comfort to URSA Bank bondholders by reducing their market risk. URSA Bank First Deputy CEO Vladislav Khokhlov adds that by repurchasing its own bonds in the current market conditions, URSA Bank not only proves its solid liquidity position and high reliability for investors, but, thanks to the high yield of the repurchased bonds, also improves its net profit margin and business profitability to the above the sector average.