OREANDA-NEWS. September 7, 2010. According to RusRating senior analyst Larisa Makarenko, the rating is based on membership in an established financial-industrial group, a solid client base, stable financial indicators and steady growth trends even under crisis conditions.

Constraining factors include weakly-diversified lines of business, a funding base dependent on key clients, and limited access to long-term resources coupled with investments in long-term projects.

KB Garant-Invest is a smaller (by assets) private-sector bank and a member of the Garant-Invest Group, which specialises in construction projects, managing commercial real estate and retail trade. The Bank itself focuses on investment activity and organises financing for commercial projects, typically on behalf of affiliated companies. Its retail business is largely centred on deposits taken in under a private banking programme. Garant-Invest is moderately active on the interbank market, where it is a net creditor, but speculative activity is virtually nil.

ZAO RusRating is an independent rating agency accredited by the National Securities Market Association, whose ratings have been recognised by the Central Bank of Russia. The company was set up in 2001 and is a member of the GlobalRating group, which also includes rating agencies in Kazakhstan (KzRating), Armenia (AmRating) and Azerbaijan (AzeriRating). Its primary services are the provision of credit ratings to banks, leasing and industrial companies, as well as bonds; it also provides analysis of various aspects of the Russian financial sector.