OREANDA-NEWS. On December 03, 2008 B.I.N.BANK has been assigned “A” credit rating with stable outlook by national Rating Agency AK&M which attributes the Bank to high reliability category, reported the press-centre of B.I.N.BANK.

Among the Bank’s strengths AK&M agency outlined its strong market position and solid financial status under the current financial turmoil. As of October, 2008 the Bank ranks 49 th by assets, 54th by capital and 19th by retail deposits. Moreover, according to Russia’s Central Bank Consolidated Statistical Data for major Russian banks as of October 1, 2008 the Bank has been included in TOP 30 biggest banks.   

The Bank’s sound stand in the current volatile conditions results from conservative liquidity management policy. As of October 1, 2008 the Bank’s liquidity ratios are at high level overlapping standard factors fixed by CBR: H2 (instant liquidity) is 104% (min.15%), H3 (current liquidity) – 141% (min.50%) and H4 (long-term liquidity) - 58% (max.120%). So, the Bank keeps the excess liquidity and the share of high-liquid assets in its asset structure is considerable.

The Bank’s capitalization is assessed as healthy. According to RAS the Bank’s equity has grown from RUB 7 bn. as of the beginning of 2008 up to RUB 10 bn. in October 2008. Mostly this increase is related to the subordinated loan from the major shareholder being a positive example of the shareholder’s support. Capital adequacy ratio stands at 17.5% (H1 ratio) that significantly exceeds the average capital ratio of the whole Russian banking system (about 14.5%). Rating Agency AK&M has also noted a good level of funding sources diversification and solid loan portfolio structure.