Smolensky Bank: The National Rating Agency (NRA) confirmed the individual credit rating Smolensky Bank at 'A' grade (high creditworthiness, second level)
EquityStory.RS, LLC-News: Smolensky Bank / Key word(s): Miscellaneous Smolensky Bank: The National Rating Agency (NRA) confirmed the individual credit rating Smolensky Bank at 'A' grade (high creditworthiness, second level)
13.01.2012 / 14:45
The National Rating Agency (NRA) confirmed the individual credit rating Smolensky Bank at 'A' grade (high creditworthiness, second level).
The National Rating Agency (NRA) confirmed the individual credit rating Smolensky Bank at 'A' grade (high creditworthiness, second level). Initially, the individual credit rating at 'A' high creditworthiness, the second level was assigned to the Bank in 2009 and reaffirmed in 2010.
'The second confirmation of the individual bank's credit rating by the NRA Russian rating agency makes an authoritative evidence of the stability of the financial condition of Smolensky Bank, its good market position, high competitiveness and the positive dynamics in development. Thus, the National Rating Agency in the number of positive factors took into account the high level of support from owners, the strategic importance of the Bank for the Smolensk region and the status of a regional lender to the real sector of economy, as well as stable liquidity position, a significant amount of provisions and high level of business activity. There should be also noted the positive outlook of the National Rating Agency. This suggests/testifies that Smolensky Bank can be classified as a stable, successfully developing financial institution'- said Yuri Petruschik, a management board member of Smolensky Bank.
The demonstrated upward dynamics of financial performance confirms the success of the Bank announced plans for/of development. The Bank's net assets increased by 70% - up to 20 billion rubles. As a consequence, Smolensky Bank took place in the top 150 Russian banks in terms of net assets, compared with top 200 year earlier. The volume of individuals' deposits grew by 90%, the balance at the corporate entities accounts increased by 70%. JSC 'RUSNANO' is one of the Bank's major customer to form Smolensky Bank's liabilities. Smolensky Bank also fulfilled the plans to increase/raise its own funds: the Bank's share/Charter capital increased from 0.745 to 1.5 billion roubles, the Bank's capital as on 01.11.2011 grew to 2 billion rubles from 0.96 billion a year earlier.
The Bank's Regional structure focused on key areas of business, increased for the period to 24 offices in the Moscow and Smolensk regions. In the frames of its strategy, the Bank will go on with the grow of the office network and geography of business.
Smolensky Bank Advertising and Public Relations Tel. +7(495) 785-5555 www.sbbg.ru
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