Bank "Ring of the Urals": the history of the organization

The commercial organization "The Ring of the Urals" was founded in 1989 and is one of the first in the country. Its license number for the right to operate consists of only two digits - 65, which says a lot to professionals in this field. Financial organizations with a two-digit number at the moment there are not more than twenty, and they are all very respected in the credit market.

Initially, the bank "Ring of the Urals" 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 first commercial credit organizations of the country, but also quickly began to pose a threat to such state institutions. Already in the first 18 months of its operations, the bank has shown very rapid development rates, having increased its capital more than 5 times. Over the years he has become a real giant, standing on its own feet so firmly that the international financial crisis not only failed to undermine his well-being, but also gave a strong impetus to further development.

The development of the organization in the nineties

In 1998 the bank was reborn and accepted many new members into its ranks. It was then that he changed the name to "The Ring of the Urals". The organization again made a powerful breakthrough in development: only in 1999 it increased its incomes by several times. In addition, the change of some participants brought a fresh concept, according to which this credit institution began to develop . In the new composition of the bank's co-owners there was a powerful team of managers who took the course to develop the bank's tools and expand the customer base.

Most of the plans set by the new leadership, although they seemed excessively ambitious for the distant 1999, have now been implemented. Due to this, the bank "Ring of the Urals" at the moment is one of the five leading financial organizations in the region. Today, its databases contain millions of customers, both depositors and borrowers.

How did the bank's services improve?

Another turning point for the organization was 2005. It was at this time that the "Ring of the Urals" bank began issuing and introducing its own credit and deposit cards. In addition, deposit programs for private depositors and services for legal entities have been significantly improved. At the same time, the financial organization introduced its own banking system, which operates in an automatic mode. Since that time, it 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 organizations, the bank "Ring of the Urals", a loan in which any resident of the region can now get, confidently coped with the task of overcoming it. The work was not stopped for a minute. The bank accepted deposits and issued loans in a regular mode, and all its investors did not lose a penny. Even in the most difficult moments for the entire Russian economy, it remained a kind of flashlight that did not allow human faith in the banking system to finally fade.