OREANDA-NEWS. June 10, 2013. National Rating Agency (NRA) has confirmed the individual credit rating of NOMOS-BANK Group at AAA on the national scale with “maximum creditworthiness”. The rating was assigned on February 16, 2012.

The Agency underlines that the rating assigned to NOMOS-BANK Group applies only to the key part of a banking group, NOMOS-BANK (OJSC), whose assets in the structure of the total assets of the Group total more than 70%.

According to the rating analysts an analysis of the consolidated financial statements under IFRS for the year 2012 indicates the achievement of the key performance indicators included in the development strategy. In particular, the net profit of the Group in 2012 was 25.7% higher than in 2011, totalling RUB 15 billion.

“The confirmation of our assessment was due to NOMOS-BANK Group’s leading market position on the Russian financial market, its business growth above the market average, and the positive dynamics of its key indicators. We view the liquidity position of the Group on the basis of a sufficient amount of liquid assets and a balanced maturity profile of assets and liabilities as stable. Conservative risk management policy allows it to maintain a consistently high quality of assets and improve its high-yield component. The Agency believes that the high level of business-processes, risk management policy and the professional management team will mitigate risks arising by changes in the shareholder structure,” a press release from the Agency said.