Moodys Confirms Ratings of SB Sberbank
OREANDA-NEWS. On July 01, 2008 Subsidiary Bank joint stock company Sberbank of Russia (SB Sberbank JSC, Almaty), bonds of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE press release of the following content, reported the press-centre of KASE:
International rating agency Moody's Investors Service confirmed long term rating of SB Sberbank JSC on level "Ba2", NP, A+ with forecast "Stable".
Moody's specialists mark that strong points of the bank are huge support of maternal bank, expressed in huge increasing of capital and support in deductible of bank, good quality of credit portfolio of new corporate loaners, presented by different economics' spheres, good capitalization and high income. According to Moody's, bank`s weak points are high concentration on loaners in credit portfolio and weak deductible with insignificant market stake (0,55%).
Significant increasing of market stake (not less than 1%) will contribute to increasing of bank's rating from Moody's, while retaining decent level of financial indicators, increasing of Sberbank of Russia rating, huge support of bank form the side of Sberbank of Russia (improvement of integration processes, correspondence to business-model and grocery line of SRF).
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