OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' reliability rating on Veles Capital IC LLC.

The rating affirmation reflects the company's favourable financial results, strong capitalization, consistent revenue generation and good profitability metrics.  Veles Capital IC's total trading volumes are on a steadily growing path. The rating recognizes Veles Capital IC's strong corporate governance practices, well-conceived growth strategy, supportive owners, closely involved in the management process, and the company's high transparency. Veles Capital IC's sustained resilience to Russia's deteriorating operating environment is due to its conservative financial policy and risk management.

Veles Capital IC is one of Russia's oldest investment companies. Since its inception in 1995, its co-founders and owners, Dmitry Bugaenko and Alexey Gnedovsky, have been guiding the investment management business development along three axes: securities trading; direct investment and corporate finance advisory; and real estate investment. Veles Capital IC provides brokerage services, including internet trading, depository and asset trust management services, and carries out projects in the areas of corporate finance, strategic and direct investment and real estate investment. It also has a wealth management business line.