OREANDA-NEWS. April 7, 2008. URSA Bank is pleased to announce the release of the audited IFRS financial statements for the year ended 31 December 2007, which are available here.

URSA Bank saw many positive changes in the past year, and we'd like to highlight a few that we believe were most important for the Bank's development. In June 2007, the Bank placed its second equity issue, raising over USD400m among nearly 180 investors, both global and Russian. In line with our commitment to the highest corporate governance standards, the Board of Directors was expanded in April 2007 from nine to eleven, and included two independent directors, who took charge of the Board's key Audit and Remuneration committees. Our determined focus on transparency were recognized by the Standard and Poors rating agency, which placed URSA Bank among the Top 5 most transparent banks in Russia. The Bank's focus on delivering value to shareholders and investors helped the Bank post the best bottom line in its history to date.  

URSA Bank will host a conference call with investors and analysts at 1800 Moscow time on Tuesday, April 8, during which top managers will offer their comments on the Bank's financial performance, and answer any questions that participants may have. Please use the dial-in instructions below to access and participate in the call:

Dial in number: +7 495 933 98 13
PIN: 4567
To ask a question: press *22
To cancel your question: press #22

The conference call will start with remarks from URSA Bank management for 15-20 minutes, after which questions will be taken.

We look forward to your participation in the conference call, and remain at your disposal should you have any questions in the meantime.