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Expert RA has confirmed the Credit-Moscow Bank credit rating at B++ level

12.05.11

The Expert RA rating agency has confirmed Credit-Moscow Bank’s credit rating at B++.

 

The key factors positively influencing Credit-Moscow Bank’s solvency are an extremely high level of loan security and deposit liquidity (as of February 1, 2011, the security value was 483.5% including equities pledge, securities and guarantees) and good indicators of instant and current liquidity (N2=79.7%, N3=111.7%  as of February 1, 2011).

 

The Agency mentioned that the Bank’s positive rating valuation was possible due to a substantial portfolio of securities included on the Bank of Russia’s Lombard List (nearly 84% of the securities portfolio as of February 1, 2011), high level coverage of off-sheet list credit instruments with quick assets, as well as insignificant foreign exchange risk (as of February 1, 2011, the open currency position for all currency types was 1.1%).

 

The rating is also supported by the sufficiently high quality of the Bank’s loan debt (as of January 1, 2011, overdue debt was 2.1% of the loan portfolio, and 5.8% of extended loans), medium to low concentration of active banking transactions with major credit risks and quite a high level of informational transparency.


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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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