OREANDA-NEWS. July 29, 2009. Expert RA rating agency published annual rating of business potential of Russian valuation companies according to results of 2008. FBK confirmed its title of a market leader, both generally and in certain nominations, reported the press-centre of FBK.

So FBK is in the second position according to amount of profit from revaluation of assets and fixed assets, for IFRS purposes inclusively. Besides FBK took the seventh rating position in terms of profit gained from real estate valuation.

According to Expert RA data, Russian valuation companies lost about 15% of revenue during the first three months of the crisis. The main problem for appraisers is decrease of demand and prices of services. However experts expect increase of demand in the segment of valuation of business and real estate, connected with probable growth of insolvency rate. "Increase of demand on valuation of real estate, business, share holdings will be caused by possible insolvencies, M&A transactions, assets clearance sales” – forecasts Stanislav Novikov, FBK Partner.

According to conclusions of Expert RA, the crisis slows the market growth down and at the same time increases competitive level among appraisers. In such situation some market participants, according to experts, can use damping as the main tool in competition. Stanislav Novikov reckons that in situation of crisis, the market needs reference points. He is sure that SRO should conduct daily enlightening to explain what high quality valuation is. At the same time such work should be carried out with appraisers as well as with their clients. “General objective is to form fair competition, - Stanislav Novikov concluded.