RRDB again at the 19th position in the reliability rating of the largest Russian banks

Moscow, 30 August. According to the magazine Finance, the Russian Regional Development Bank has consolidated its position among the most financially stable Russian credit institutions.
The magazine’s analysts reviewed the stability of the top 100 banks and in some cases revised their estimates for operating assets as of 1 July 2010: changes were mostly negative.
RRDB held its 19th position among the most reliable Russian banks. The magazine’s experts have once again evaluated its financial stability at BB.

When the magazine Finance compiles its reliability rating, it takes into consideration indicators such as capital adequacy, liquidity, balance of assets and liabilities, quality of loan portfolio, amount of allowance for possible losses, investment activities, and the degree of business diversification. Qualitative factors such as composition of shareholders, transparency of ownership, etc. are also assessed.

The main focus of the magazine’s study is placed on determining the financial reliability of banks. The rating scale provides for three classes: А, В and С with ААА being the top rating. This rating has not been awarded to any Russian banks yet, but the two largest state banks obtained ratings АА and А.

The magazine Finance noted improvement in RRDB assets. Since the beginning of the year, they have increased by 8.7%, while its capital increased by 2.4% and its profits grew. The rating also ranks banks in terms of the value of their assets and according to this indicator RRDB reached the 73th position.

The magazine Profile has published a rating of the 200 largest Russian banks as of 1 July 2010. In this rating, the Russian Regional Development Bank is in 71th position in terms of its net asset value and in 114th position in terms of its capital.