OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on Europlan Bank JSC due to expiry of the contract. The bank is assigned an exit rating of 'A+' on the national scale. Europlan Bank was assigned NRA's first-time credit rating of 'A+' on the national scale on Dec. 30, 2013. The latest rating action on the bank (affirmation of the national scale 'A+' credit rating) dated Dec. 29, 2014.

Europlan Bank JSC (formerly Joint-Stock Commercial Bank for the Promotion of Environment Protection And Construction Sector Development) was established in 1994. Europlan PJSC (NRA's national scale credit rating of 'AA+'), a company specializing in the leasing of cars, trucks and special machines and equipment for SMEs, Mikail Shishkhanov became its ultimate control owner in September 2015.

Currently, Europlan Bank operates based on licence # 3052, issued by the Central bank of the Russian Federation. It has been a member bank of the mandatory deposits insurance system since Sep.1, 2005 (reg. NO. 889). It uses a mono-product business model, focusing on the issuance of auto loans. The bank aims to offer remote service options to its customers.