We got the highest RAEX rating
- 07 November
RAEX («Expert RA») rating agency gave Rosbank the highest credit rating at the level ruAAA. The rating outlook is stable.
The key factors having a positive impact on the ranking score include a high probability of financial support being provided by the parent bank Societe Generale S.A. (if necessary) and an administrative support from the government due to the systematic importance of the bank in the Russian banking system. Strong competitive positions (in the Corporate Retail Banking Service of multinational enterprises, large business lending, trade finance, retail lending, and considering the consolidation of subsidiary banks – in the mortgage loans and auto lending), an identifiable brand in the banking market, a broad geography of activities (Rosbank is represented in practically all regions of Russia), an extensive customer base (1.4 million active clients) are also considered as key factors.
The agency puts a special focus on bank’s information transparency and strong system of internal control and audit (unified compliance of international financial group is accountable to many regulators of several countries). A high quality of corporate governance, organization of business-processes and risk management, a degree of document detailing, defining strategic development priorities, also have a positive impact on the rating.
«The highest credit rating was assigned to Rosbank, that, together with indicators substantially exceeding statutory ratios, established by the regulator, once again confirms a high level of reliability of the bank. Rosbank affiliation to the international banking group Societe Genrale, which has more than 150 years of successful work history, lets us use Group’s expertise and advanced technologies, combining financial stability with sustainable development. We continue following the course in order to meet our clients’ high expectations», - commented Rosbank CEO Dmitry Olyunin.
According to the data on the 1st September 2017, Rosbank banking group takes the 12th place by volume of assets and deposits of individuals, the 3rd place by retail loan portfolio also being one of the largest groups with foreign capital acting in Russian Federation.
The full credit rating score and the methodology of credit rating assignment can be found on this link.