Uralsib

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Uralsib is a leading Russian financial corporation. It was created by merging Uralsib bank with Nikoil Finance. The latter was Nikolai Tsvetkov's company closely affiliated to LUKoil.

Uralsib is said to have been "roiled by mismanagement", with its founder Tsvetkov agreeing to step down in 2015 in return for a bailout, as the bank was on the verge of bankruptcy and having its banking license revoked.[1] In 2016 it was ranked as the second least reliable bank in the country by the Russian version of Forbes.[2]

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