Founded in 1990 in Yekaterinburg, the Ural Bank for Reconstruction and Development (UBRD) grew to become one of Russia's 30 largest banks and a key financial institution in the Ural Federal District. It operated as a universal commercial bank, offering a comprehensive range of services including retail banking (deposits, loans, credit cards), corporate banking, SME financing, and investment services. In 2018, the bank underwent a financial rehabilitation procedure supervised by the Central Bank of Russia. This process concluded with its acquisition by Moscow Credit Bank (MKB), with the full legal and operational merger completed in May 2024, after which UBRD ceased to exist as an independent entity.