OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on EUROMET JSCB PJSC. The bank has been assigned an exit rating of ‘D’.

On Mar. 28, 2013, the bank was assigned NRA's credit rating of 'A-', which was affirmed on Mar. 24, 2014 and re-affirmed with a negative outlook on Apr. 23, 2015. On Aug. 18, the rating was lowered to ‘BB+’/ Negative.

EUROMET Joint-Stock Commercial Bank (acting as a public joint-stock company and servicing the Russian metallurgical sector) was founded in 1994 (Reg. No. 2902). EUROMET is licensed by the Bank of Russia to transact in both domestic and foreign currencies, take ruble and forex-denominated retail deposits and act as a broker/ dealer. EUROMET has been a member bank of the deposit insurance system (No. 591) since February 2005. Currently, EUROMET's main beneficial owner is Dmitry A. Skopinov. EUROMET’s banking license was revoked on Aug. 27, 2015.

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