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RAEX (Expert Rating Agency) Confirms Almazergienbank's Credit Rating at A + (III) - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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RAEX (rating agency Expert) confirmed the credit rating of Almazergienbank at A + (III)

The rating has maintained a stable outlook.

RAEX (rating agency Expert) confirmed the credit rating of Almazergienbank at A + (III)
It is reported that the rating was positively influenced by financial and administrative support from Yakutia. For example, the increase in share capital by 250 million rubles. in the last quarter of last year allowed the bank to increase the stock according to the standard of capital adequacy ratio of the bank.

In addition, the agency positively assesses the good operating efficiency of the activity. As the agency reports, the coverage of the bank's expenses by revenues amounted to 133,7% for the IV quarter of 2016. The low level of operations at the sites of large credit risk and profitability also influenced. Over the past year, ROE was 11,3% vs. 6,2% for 2015 year.

AKB "Almazergienbank" specializes in lending and servicing corporate clients, SMEs, individuals. The main owner of the bank is the Ministry of Property and Land Relations of the Republic of Sakha (Yakutia) (80,29% on 01.01.2017).