The commercial organization Bank Ural Ring was founded in 1989 and is one of the very first in the country. Her license number for the right to operate consists of only two digits - 65, which says a lot to professionals in this field. There are currently no more than twenty financial institutions with a double-digit number, and all of them are very respected in the credit market.
Initially, the Ural Ring Bank was called quite differently: Kub-Bank LLP. Today, almost all financiers of the country remember this name, since it not only became one of the very first commercial credit organizations in the country, but also quickly began to pose a threat to such government institutions. Already in the first 18 months of its activity, the bank showed very fast pace of development, increasing its capital by more than 5 times. Over the years, he has become a real giant, standing on his own feet so firmly that the international financial crisis not only could not undermine his well-being, but also gave a strong impetus to further development.
Organization development in the nineties
In 1998, the bank was reborn and accepted many new members. It was then that he changed the name to "Ring of the Urals." The organization again made a powerful breakthrough in development: in 1999 alone, it increased its revenues several times. In addition, the change of some participants brought a fresh concept, according to which this credit organization began to develop . The new composition of the bank's co-owners included a powerful management team that headed for the development of bank tools and expanding the customer base.
Most of the plans put forward by the new leadership, although they seemed too ambitious for the distant 1999, have already been implemented. Due to this, the Ural Ring Bank is currently one of the five leading financial institutions in the region. Today, its databases list millions of customers, both depositors and borrowers.
How bank services improved
The year 2005 was another turning point for the organization. It was at this time that the Ural Ring Bank began issuing and introducing its own credit and deposit cards. In addition, deposit programs for private investors and services for legal entities were significantly improved. At the same time, a financial institution introduced its own banking system that operates in automatic mode. Since that time, she has become a licensed member of various international payment systems such as Visa or MasterCard.
Despite the
crisis of 2008-2009 , which destroyed a huge number of financial institutions, the Ural Ring Bank, in which any resident of the region can get a loan today, confidently coped with the task of overcoming it. The work was not stopped for a minute. The bank accepted deposits and issued loans in the normal mode, and all its depositors did not lose a dime. Even in the most difficult moments for the entire Russian economy, he remained a kind of light that did not allow the human faith in the banking system to completely fade away.