Summary: Ural Bank for Reconstruction and Development Dec 06

Standard & Poors, December 2006

Abstract
The ratings on Russia-based Ural Bank for Reconstruction and Development (UBRD) reflect the bank's low capitalization level, high related-party exposure and concentration in lending, and the risk management system somewhat lagging its rapidly growing retail business. These negative factors are, however, somewhat mitigated by UBRD's strengthening franchise and growth prospects in its home region of Sverdlovsk Oblast (BB-/Stable/--), supported by the fast-growing Russian economy and the bank's stable management team. With total assets of Russian ruble (RUR) 22.8 billion (US$840 million) at June 30, 2006, UBRD is a mid-sized regional Russian bank located in the Sverdlovsk Oblast in the Ural Federal District. UBRD's credit risk is high and is linked to the recently formed mining and metal holding company--Russian Copper...

Companies mentioned in this report are: Ural Bank for Reconstruction and Development,Sverdlovsk Oblast
Action: Review

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Ural Bank for Reconstruction and Development,Sverdlovsk Oblast

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