Expert RA affirms CBM’s highest credit rating


Expert RA rating agency has affirmed CREDIT BANK OF MOSCOW's credit rating at А++ with a stable outlook. According to the agency's methodology, А++ stands for "Exceptionally high level of creditworthiness".

Rating-positive factors underlined by Expert RA included CBM's strong competitive positions and wide branch network in Moscow area. The agency analysts also noted well-matched maturities of assets and liabilities in the short term (N2=71%, N3=155% as of January 1, 2015) and a low concentration on top borrowers (25% after provisions).

According to Expert RA, the Bank's rating is limited by its low level of core capital adequacy (N1.2 was 7.6% as of January 1, 2015), while N1.0 is observed much more comfortably (14.2% as of January 1, 2015).

Looking back, the highest credit rating was first assigned to CREDIT BANK OF MOSCOW in October 2013. The key positive factors noted by the agency were a well-diversified and stable funding base and a high level of corporate governance.