Expert RA changed the forecast on the creditworthiness rating of ATB Bank

AK&M 01 June 2023 18:19

On June 1, 2023, the Expert RA rating agency confirmed the creditworthiness rating of ATB Bank LLC at ruBB level, the rating forecast was changed from developing to stable. This is stated in the agency's message.

The bank's rating is due to limited market positions, a strong capital position with low profitability, satisfactory asset quality, an adequate liquid position, as well as a conservative assessment of corporate governance. The change in the forecast is due to the improvement and stabilization of the bank's liquid position against the background of the gradual recovery of the parent holding's business.

ATB Bank LLC is a settlement bank of a large multi-profile holding, mainly focused on the sale, maintenance and use of cars. The bank specializes in car loans to individuals in the car dealerships of the holding, corporate lending, as well as cash settlement services for legal entities and individuals. The head office and 8 additional offices of the bank are located in Moscow, and additional offices are also represented in the Moscow region and St. Petersburg.