OREANDA-NEWS. Rating agency Expert RA has confirmed the highly reliable rating, an A level, it had assigned Bank Electronika. Bank Electronika earned its first A rating from Expert RA in 2006.

During its evaluation of the reliability of Bank Electronika, Expert RA noted several positive factors influencing the Bank’s credit worthiness:  capital adequacy at a high level, good indices of profitability, improvement in the quality of lending, greater sector diversification in the loan portfolio, and effective corporate and risk management.

“The Bank has a detailed plan for developing its retail business. If successfully implemented, that plan will enable Bank Electronika to diversify its business, broaden its presence in the financial services market, and realize its potential,“ Oksana Komardina, an expert in thRating Agency Expert RA Confirms Bank Electronika’s “A” Credit Rating Rating agency Expert RA has confirmed the highly reliable rating, an A level, it had assigned Bank Electronika. Bank Electronika earned its first A rating from Expert RA in 2006. During its evaluation of the reliability of Bank Electronika, Expert RA noted several positive factors influencing the Bank’s credit worthiness: capital adequacy at a high level, good indices of profitability, improvement in the quality of lending, greater sector diversification in the loan portfolio, and effective corporate and risk management. “The Bank has a detailed plan for developing its retail business. If successfully implemented, that plan will enable Bank Electronika to diversify its business, broaden its presence in the financial services market, and realize its potential,“ Oksana Komardina, an expert in the Department for Rating Financial Institutions at Expert RA, emphasized. Evgeny Maiorov, Deputy Chairman of the Management Board of Bank Electronika, commented: “The confirmation of a level A rating is an estimable evaluation of Bank Electronika’s work during 2006 and 2007. It is a signal to our partners, clients, and potential investors that the Bank is developing well and that the likelihood of its advancement is high. It is particularly important that this rating takes note of the strategic initiatives and strategic potential of the Bank. We intend to continue cooperating with Expert RA and to strive for a higher rating. In the first quarter of 2008, Bank Electronika will begin working with the “big four” rating agencies as well.” e Department for Rating Financial Institutions at Expert RA, emphasized.

Evgeny Maiorov, Deputy Chairman of the Management Board of Bank Electronika, commented: “The confirmation of a level A rating is an estimable evaluation of Bank Electronika’s work during 2006 and 2007. It is a signal to our partners, clients, and potential investors that the Bank is developing well and that the likelihood of its advancement is high. It is particularly important that this rating takes note of the strategic initiatives and strategic potential of the Bank. We intend to continue cooperating with Expert RA and to strive for a higher rating. In the first quarter of 2008, Bank Electronika will begin working with the “big four” rating agencies as well.”