OREANDA-NEWS. September 29, 2009. Expert RA has confirmed the A rating (high level of creditworthiness) of Tatfondbank, reported the press-centre of Tatfondbank.

The Agency stated that ‘the key factor determining Tatfondbank’s high creditworthiness is the low level of arrears on corporate and retail loans’.

The factors that had favourable impact of the rating score included, according to the Agency, the low level of non-performing loans, the acceptable capital adequacy ratio for a group of federal banks, the adequate degree of diversification of borrowed funds by customers and sources, and availability of a broad range of instruments of refinancing by the Central Bank of the Russian Federation.  

The Agency also stated that ‘Tatfondbank has sufficient experience of participation in government programmes, a good credit history that facilitates access to capital markets, high quality of banking risks management, and good strategic management’.