On January 13, 2025, the Expert RA rating agency upgraded OZON Bank's creditworthiness rating to ruBBB+, with a stable outlook. Previously, the bank had a ruBBB credit rating with an evolving outlook. This is stated in the agency's message.
The rating upgrade is due to the high growth rates of the business and the agency's reassessment of the potential impact on the bank's credit stability of plans to develop its own lending from negative to neutral. The bank's rating reflects a limited assessment of market positions, a high assessment of capital adequacy and profitability, high asset quality, an adequate assessment of liquidity and funding profile, as well as an acceptable assessment of corporate governance.
OZON Bank LLC is a medium—sized credit institution with a universal banking license that develops various financial products for individuals and legal entities, including those using e-commerce services on the Ozon marketplace. The Bank offers its clients current (settlement) and deposit accounts and other financial services. The bank's head office is located in Moscow. The Bank conducts business entirely through DBO channels and is currently not developing a branch network.
