Urals | Finance, business

UBRD bank run hits $100m

17 Oct '08
Over the past two weeks clients of the Ural Bank for Reconstruction and Development (UBRD) have withdrawn around $100m from their accounts, sources in the bank report.

The bank's president Sergey Dymshakov said that yesterday the bank had introduced some limits on the cash available for withdrawal through ATM's. Now customers can withdraw no more than $200 a day using ATM's.

The bank has also introduced a system of preliminary applications for pre-term deposit withdrawal.
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