OREANDA-NEWS. September 17, 2009. Expert RA Rating Agency (Moscow) affirmed its A+ credit rating assigned to Bank Petrocommerce (“Very high credit standing with stable outlook”).

The credit standing is underpinned by such factors as the shareholders’ support, a robust ‘collateral to loan’ ratio, a strong level of current liquidity, a relatively high for a federal bank capital adequacy ratio, access to additional liquidity sources, lack of default bonds in the securities portfolio as well as a broad regional coverage.

“Affirmation of our credit rating by such a reputable rating agency as Expert RA is an important sign which proves reliability and financial stability of the Bank”, - says Alexander Medvedovsky, Head of Investor Relations of Bank Petrocommerce.