Summary: Ural Bank for Reconstruction and Development Apr 10

Standard & Poors, April 2010

Abstract
The ratings on Russia-based Ural Bank for Reconstruction and Development (UBRD) reflect the bank's very low capitalization and high single-name and industry lending concentrations. These negative factors are partly offset by UBRD's good market knowledge and position in the Sverdlovsk Oblast (BB/Stable/--), its home region, and significantly increased share of liquid assets. The ratings reflect Standard & Poor's Ratings Services' assessment of UBRD's stand-alone credit profile and do not include any uplift for extraordinary external support, either from the owners or the government. With Russian ruble (RUB) 66 billion (about $2.2 billion) of assets, in accordance with Russian Accounting Standards, on Dec. 31, 2009, UBRD is a midsize Russian regional bank. Some beneficiaries of Russian Copper Company (RCC; not rated)...

Companies mentioned in this report are: Ural Bank for Reconstruction and Development
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

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