AK&M 28 March 2024 15:31
The upgrade of Sovcombank's credit rating reflects the significant strengthening of the Bank's position in the Russian financial market and the accumulated experience of working within the current business model over the past 5 years. This is stated in the bank's message.
Sovcombank is resistant to the risks associated with its dynamic development thanks to a strong business franchise, as well as active lending and a strategy of mergers and acquisitions.
Sovcombank PJSC is a universal bank with assets of 1.6 trillion rubles according to IFRS. It is included in the list of systemically important credit institutions (NWCS) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500 thousand depositors
Acra Agency upgraded Sovcombank's credit rating to AA(RU) with a Stable outlook
