On July 29, 2020, Russia's Analytical Credit Rating Agency (ACRA) affirmed the credit rating of Bank ROSSIYA at 'A+'(RU), with a stable outlook, the rating agency informed.
The credit rating of Bank "ROSSIYA" (hereinafter, Bank "ROSSIYA", or the Bank) stems from its relatively strong business profile along with satisfactory capital adequacy, moderate level of non-performing loans, and adequate liquidity and funding position. The standalone creditworthiness assessment (SCA) is under certain pressure from the significant concentration of both assets and funding on the Bank's largest clients. The Bank's sustainable competitive advantages and a high likelihood of support from its shareholders have a positive impact on the Bank's rating.
Bank ROSSIYA (tax number: 7831000122), one of Russia's first privately held banks, started operating on June 27, 1990 in St. Petersburg. Yuri Kovalchuk is the bank's largest shareholder. Bank ROSSIYA provides a package of banking services to corporate and private clients. The bank possesses a general banking license as well as licenses of a professional participant of the securities market to provide dealer, brokerage, custody, securities management services and an exchange intermediary license for commodity futures and options transactions on the exchange market.
