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RusRating has increased Bank24.ru’s credit rating from “BB-” to “BB” (stable outlook).

August 26, 2011 | Cbonds

According to the agency, the rating increase (from “BB-”) reflects the growing business and market positions of the parent bank and the LIFE Group as a whole, coupled with solid and stable financial indicators for both.
The rating is based on the support of ProbusinessBank, membership in the LIFE group, an innovative strategy and growing market positions in the Bank’s chosen niche. Constraining factors include a funding base dependent on on-call resources, narrow lines of business and dependence on the financial stability of the LIFE group as a whole.

Company: Bank24.Ru

Full company nameBank24.ru
Country of riskRussia
IndustryBanks

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