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Asia Pacific Bank assigned a BB + (RU) credit rating
The Analytical Credit Rating Agency (ACRA) assigned the Asia-Pacific Bank a credit rating on the national scale at the BB + (RU) level, the forecast “Developing”. According to analysts, the bank has a systemic importance in the financial services market in the Far East and Siberia.
Among the factors that had a positive impact on the rating of the bank, the agency noted an adequate position on capital and a high level of security of the bank’s short-term liabilities with liquid assets.
Improving the quality of assets, as well as restoring the balance of assets and liabilities of the bank according to maturity can lead to a positive rating action. As analysts of the agency noted, the developing forecast reflects the opinion of ACRA about the high probability of a change in the bank's credit rating on the 12-18 horizon of months as a result of its sale to an outside investor, planned by the main shareholder - the Central Bank.
“The rating objectively reflects stable market positions and the systemic importance of the bank, an adequate capital position and high liquidity. The assigned rating complies with regulatory requirements and will allow in the near future to increase business development, including new areas of activity, ”commented Dmitry Makarov, vice president for strategic development and foreign economic activity.
The rating complies with the requirements for banks that are entitled to issue bank guarantees to secure applications and execute contracts in accordance with the federal law “On the contract system in the field of procurement of goods, works and services for state and municipal needs”.