ORGRESBANK Is Entitled to Act as Surety to CB for Other Banks
OREANDA-NEWS. October 22, 2008. JSB "ORGRESBANK" is listed among 50 credit institutions that the Central Bank empowered to issue guarantees to secure other banks’ loans with the CB, reported the press-centre of ORGRESBANK.
All of the sureties should qualify under certain parameters, the most important being an adequate international rating. "ORGRESBANK" has one of the highest ratings assigned by Fitch Ratings to the Russian banks: Issuer Default Rating (IDR): A-, Short-Term Rating: F2, Support Rating: 1, National Long-Term Rating: AAA (rus).