OREANDA-NEWS. February 25, 2010. National Rating Agency confirmed Veles Capital’s individual reliability rating on the AA level (very high reliability, second level) with positive forecast.

NRA experts pointed out that Veles Capital posses high financial stability and ability to fulfill all the obligations. According to agency’s analysts Veles Capital shows positive dynamics of capitalization and high liquidity. During the crisis period company’s shareholders made three increases of authorized capital (at the end of 2008 and in 2009 Q1 and Q2). Thus the capital increased + 46,2% and the company showed its ability to resist outer risks in the situation of financial instability.

According to NRA experts Veles Capital’s professional management team, highly qualified research team and effective risk-management contribute to company’s growth and its positive operation results. Veles Capital holds leading positions on the Russian investment services market and also is the acknowledged leader of the Russian promissory-notes market. The company develops universal investment baking services for large corporate and individual investors.

Veles Capitals continues expanding the list of available financial services adding new ones according to the current market situation. Thanks to such policy amount of company’s clients increased + 70% since the end of 2008. Amount of corporate investors increased in two times and the amount of individual investors increased +40%. NRA analysts pointed out that Veles Capital’s client base is stable, highly diversified and the clients demonstrate stable investment activity.

Agency’s experts stressed Veles Capital’s ability to show positive financial results even in the situation of market turbulence. This thesis is confirmed by company’s net profit dynamics. The results of the year 2008 shows that Veles Capital’s net profit formed \\$5,7 mln which is in 30% higher than the results on year 2007.

Commenting the positive forecast of the company’s further development, Veles Capital’s CEO Alexey Gnedovsky said: “The company has clear strategy and continues developing as universal investment company for large corporate and individual investors. We have stable management team and it helps us to follow market trends and react operatively when situation changes. We are going to enlarge the range of available services especially services in corporate finance and M&A support. We also want to strengthen the positions on stock market”.

Veles Capital operates on the Russian financial market since 1995 and is rated amongst TOP-10 of the Russian largest investment companies by total turnover of securities. The company renders full range of investment banking services, including trust management, brokerage in stock and debt market, strategic investments, corporate finance, wealth management. Veles Capital is the acknowledged leader of the Russian promissory-notes market, is rated amongst TOP-3 of the largest bond market operators and TOP-10 of the largest stock market operators (data: NRA and RBC.rating).

Veles Capital brand unites the following companies: Veles Management (asset management), Veles Capital Development (construction, development and managing of the real estate objects), Veles Lex (legal support and consulting), Veles Personal (HR-consulting) and foreign brokers in Ukraine and Cyprus.

National Rating Agency (NRA) operates on the market since 2000 and is one of the leading Russian rating agencies. NRA ratings are officially recognized by the Russian authorities, professional units and organizations.