OREANDA-NEWS. October 08, 2010. According to Victoria Belozerova, Director of Ratings and Macroeconomics at the rating agency, the change in rating reflects a qualitative improvement in the Bank’s creditworthiness in connection with the merger of SocGen’s Russian subsidiaries, as well as the strong potential for further growth in market positions.

The rating is based on the support of the SocGen group, a solid and well-developed presence in virtually all segments of the banking market, a stable client base that includes several major companies, and access to federal government backing in the form of credit resources.

About the Bank:

Rosbank is a major universal bank controlled by France’s Societe Generale group; it is currently in the process of merging with the affiliated DeltaCredit Bank and Rusfinansbank, following which it is scheduled to merge with Bank Societe Generale Vostok. Vladimir Potanin, a leading Russian businessman and principal shareholder in the InterRos group, will retain a minority stake in the post-merger bank. Rosbank operates one of the country’s largest branch networks and is an established player in virtually all market segments at the national level.