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Expert RA increases Credit-Moscow Bank credit rating to À

21.10.11

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.

 

A high level of loan security (with regards to pledging securities, warranties and guarantees accounted for 483.3% as of September 1, 2011), balanced assets and liabilities in the short-run, as well as the high quality of the securities portfolio contributed to the rating level.


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Small Business Loans

Moscow: tel.: (495) 72-707-72; fax: 237-52-98; Address: 8, 6th Monetchikovsky Lane.
Saint Petersburg: tel.: (812) 635-75-75, fax: 310-13-69; Address: 54, Sadovaya Street.

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