“Expert RA” confirmed the rating of “ROSBANK” level “of giaaa”
The rating Agency “Expert RA” confirmed credit rating of PJSC “Bank” at the level of giaaa with a stable Outlook.
“The rating reflects strong market positions, high asset quality, high capital buffer and an acceptable level of profitability, strong liquidity position and high quality of corporate governance. The Agency took into account high probability of financial support, if necessary, from the parent and administrative support from the state due to systemic importance of credit institutions in the Russian banking system”, – said in a press release from the Agency.
PJSC “Russian standard Bank” is a universal credit organization, included in the list of systemically important Russian banks. By assets and capital, the Bank occupies 11th place in the rankings of “Expert RA” on 01.03.20. A credit institution controlled by the financial group Societe Generale (PA:SOGN) S. A. (France), whose shares are publicly traded. In the asset structure of the international group, the share of Russian banking group was about 1%, it formed 3.8% of IFRS net profit for the year 2019.
Rating installed the stable Outlook, which implies a high probability of maintaining the rating at the current level in the medium term.