OREANDA-NEWS. November 8, 2010. According to Elena Nikolayenko, the Director of Methodology at RusRating, the rating increase reflects the establishment of clear strategic development goals by the Bank’s owners and a decline in the risks associated with unstable macroeconomic conditions.

The rating is based on the Bank’s adherence to the operating standards of a major international company and the backing of the parent group in the form of lines of credit sufficient to maintain liquidity, plus a funding base and liquidity independent of Russian market conditions.

GE Money Bank is a mid-sized (by assets) private-sector bank and the Russian arm of GE Capital, a General Electric subsidiary. In accordance with its parent company’s profile it specialises in consumer loans and up until the start of the recent crisis saw dynamic growth. The Bank is financed mainly by loans from its parent group and has a moderately dense and geographically diverse distribution network. Its business benefits from GE’s experience, business ties and quality standards.