OREANDA-NEWS. National Rating Agency has increased reliability rating of Veles Capital Investment Company to “AAA” (maximum reliability).

“Increase of the reliability rating of Veles Capital Investment Company is due to the positive dynamics of its main operating and financial performance indicators, strengthening of its position in the market, a high level of capitalization, stably profitable activity and a good level of profitability. In addition, the factors positively influencing the rating include the high level of corporate governance and effective development strategy, support from the owners and their active participation in the management, as well as a high level of information transparency”, - said NRA analysts.

Total assets of the Company during the period under review (Q3 2012 - Q3 2013 ) saw a generally stable positive dynamics and over the year have increased to RUR 4.36 (EUR 100 million). Shareholders' equity rose primarily due to increased retained earnings and as of the latest reporting date made up RUR 2.38 billion (EUR 55 million), which is a high indicator (7th position in the ranking of the NRA). Equity ratio made up 55 %, which corresponds to a very high level of capital adequacy ratio for the companies in the industry.

Veles Capital Investment Company has operated at the Russian financial market since 1995 and renders financial services on stock market for large corporate and private clients as well as in the sphere of private equity and real estate investment. Management of the Company is carried out by its founders and owners - Managing Partner Dmitry Bugayenko and CEO Alexei Gnedovsky. Under the brand name of Veles Capital investment companies in Russia, Cyprus and Ukraine are united as well as Veles Management and VELES TRUST Asset Management companies, Veles Capital IG, rendering services in the field of corporate finance and private equity.

National Rating Agency has operated since 2002 and is one of the largest and leading independent rating agencies in Russia. NRA has accreditation of Russian Ministry of Finance. The ratings are accepted by Russian Central Bank, FFMC, Moscow Exchange, Russian Ministry for Economic Development , Vnesheconombank, ROSNANO, Agency for Housing Mortgage Lending etc.