ACRA confirmed the highest credit rating of Societe Generale banking group in Russia
- 27 April
Analytical Credit Rating Agency (ACRA) confirmed the highest credit rating on AAA (RU) level of Societe Generale banking group in Russia. The outlook is “stable” that presupposes the permanency of the rating for 12-18 months with a high likelihood ratio. Rosbank, Rusfinance Bank and DeltaCredit Bank are the members of the Societe Generale banking group in Russia.
Rosbank credit rating can be explained by the high possibility of support by the parent bank with the high level of lending capacity. According to the opinion of the agency, in case of necessity Societe Generale Group is ready to offer both short and long-term financing as well as capital infusion to Rosbank. Rosbank also has a high level of its own lending capacity due to the normal level of capital adequacy, adequate risk profile, liquidity and funding policy.
Credit ratings of Rusfinance Bank and DeltaCredit Bank can be explained by the very high likelihood of extraordinary support from the shareholder. The banks are characterized by the moderately high level of its own lending capacity that is supported by adequate business and risk profiles, significant buffer of capital adequacy and a strong liquidity position.
An adequate level of Group risk profile is explained by the high-quality risk management system that can be characterized by the transparency and independence in making internal group decisions as well as constant improvement of risk methodology, carrying out of stress-tests, and the assessment of the current operational environment.
Rosbank heads the rating of reliable banks according to Forbes magazine and it has the highest credit rating of RAEX (Expert RA) on ruAAA level.