OREANDA-NEWS. July 25, 2011. According to the agency, the rating is based on the established business ties and lobbying capacity of the Bank’s principal owners; substantial experience in its core market; the presence of large and creditworthy companies among its shareholders; a stable client base; and a low level of realised risks.

Constraining factors include a business concentrated by both industry and individual client; risks arising from dependence on the business ties of the Bank’s owners; and low profitability.

Red Gates Bank known in Russian as Bank na Krasnykh Vorotakh (BNKV) is a smaller (by assets) private-sector Moscow bank whose minority shareholders include leading firms in the transport construction and related industries, as well as private individuals. From the beginning its principal owners have been Chairman of the Board of Directors V.A. Brezhnev (a former USSR Minister of Transport Construction) and Management Chairman A.I. Petrov. The Bank specialises in providing integrated services to a narrow range of larger and mid-sized companies in the transport construction and real estate sectors; retail operations have been developed in partnership with corporate clients. Securities and interbank market activity is minimal at this time.