RusRating Revised Bank VTB24 Credit Rating to “A”
OREANDA-NEWS. November 1, 2011. RusRating has revised Bank VTB24’s credit rating from “A+” to “A”, which corresponds to the
The Bank’s rating is based on the unquestioned backing of a financially-solid owner (state-owned VTB); an established market presence in retail; a solid client base; and a favourable reputation on the domestic and international markets. Systemic risks are the main constraining factor.
VTB 24 is a major retail bank wholly owned by state-controlled VTB and serves as the VTB group’s retail and small-business specialist. The Bank has an extensive service network and is a leader in virtually all segments of the retail market, including deposits and mortgages.
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