OREANDA-NEWS. National Rating Agency has affirmed its risk management quality rating on Metallinvestbank JSCB at ‘RM2’ (high quality level).

The bank is committed to developing its risk management practices and takes a conservative approach to the allocation of recourses. Its enterprise risk management (ERM) is commensurate with its business profile and growth prospects. The EPM system is largely integrated into the key business processes and enables effective risk management, monitoring and proactive mitigation. The bank has collective decision-making bodies, and a clear division of responsibilities is evident. We note that the risk control and monitoring function is being modernized and developed in a timely manner.

At the same time, we note that the economic turbulence has prevented the bank from implementing its automated scoring models for different product types and is somewhat constraining the expansion of related units, which on the whole affects the bank’s performance.