OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on JSC ‘AIKB “Tatfondbank” (TFB) due to expiry of the contract for rating services. The bank is assigned an exit credit rating of ‘AA-’ on NRA’s national scale. The bank’s first-time national scale ‘AA-’ credit rating from NRA was assigned on Feb. 19, 2014. NRA’s latest rating action on TFB (rating affirmation with a negative outlook) dates May 18, 2015.

TFB was founded in August 1994 as a closed joint-stock company. Currently, its majority shareholders are Novaya Neftekhimiya LLC (20.241%), MZIO RT (10.88%), Regionfinansresurs AM (8.735%), Mortgage Agency of the Republic of Tatarstan OJSC (8.735%), Selena-Sintez LLC (8.719%) and Gelio-Polis CJSC (8.32%). TFB is licensed by the Central Bank of Russia to offer a range of local and foreign currency banking services to corporate entities and individuals. It is a member bank of the Deposit Insurance System and holds membership in various professional unions and associations.

TFB is a universal bank offering a full range of banking products and services. Its branch network includes five branches and 96 smaller outlets in the Republic of Tatarstan and the cities of Moscow, St. Petersburg, Samara, Ufa, Novosibirsk, Saratov, Nizhny Novgorod, Voronezh, and other.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

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