Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Otkritie Bank reaffirmed high credit rating

Otkritie Bank reaffirmed high credit rating
Photo: pixabay.com
According to the estimates of the Analytical Credit Rating Agency (ACRA), at the end of 2019, Otkritie Bank affirmed its credit rating at AA- (RU). The outlook for the development of the company is assessed as stable.

According to the press service of the bank, not only the bank itself, but also its bonds received a high credit rating. The experts also gave them an AA- (RU) rating. According to the estimates of the Analytical Credit Rating Agency, a credit rating of AA- (RU) reflects the strong influence of the state on creditworthiness, as well as the high systemic significance of Otkritie for the financial sector and the economy of the country as a whole. The bank's creditworthiness is determined by a strong business profile, adequate capital adequacy, a weak risk profile and an adequate funding and liquidity position.

In addition, in 2019, the scope of the Otkritie group activities significantly increased after the planned full-scale transformation of the bank and other companies of the group, as well as due to the aggressive growth of the business to increase its occupied market share. According to ACRA estimates, Otkrytie has a balanced funding profile and a sufficient resource base. In addition, the share of regulatory funds in the bank's liabilities is minimal - only 0,1%. The concentration on the largest groups of lenders is negligible: at the end of 2019, one lender accounted for about 3% of liabilities, and for the ten largest groups - about 12%.
September 19: current information on coronavirus in the Far East
Digest of regional events and latest statistics