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ÍîâîñòèExpert RA increases Credit-Moscow Bank credit rating to À21.10.11
The Expert RA rating Agency has increased Credit-Moscow Bank’s credit rating to À, High-Level Creditability. Previously, the bank had a Â++ rating, Acceptable Level of Creditability. The increase in Credit-Moscow Bank’s credit rating was driven by expansion of the customer base and growth in return on equity (from 7.5% on an annual basis for the 1st half of 2010, to 10.3% for the same period of 2011). “Efficient technologies and cooperation with WorldBusiness Capital Inc, IFC and MSP Bank ensured almost a doubling of the corporate loan portfolio in the credit organization for the period beginning September 1, 2010,” remarked Stanislav Volkov, Head of Expert RA’s Department for rating major Institutions. |
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