OREANDA-NEWS. July 11, 2012. According to the agency, the rating is based on high capital adequacy, a transparent ownership structure, a stable corporate client base, healthy liquidity reserves and a low percentage of realised credit risks.

Constraining factors include modestly diversified lines of business, the limited scale of the Bank’s operations, and risks arising from dependence on its owner’s business ties.

Economic Union Bank is a private sector Moscow bank and one of Russia’s top five hundred by assets. It is controlled by Chairman of the Board D.Y. Samsonov, who currently holds 98.89% of charter capital. Its core line of business is the provision of integrated services to a narrow range of SME clients, mainly in construction, wholesale/retail and international trade. Retail activity centres on deposits; operations with plastic cards are being developed in partnership with corporate clients. The Bank has a modest service network and is involved in sponsorships and charitable activity.