RusRating Increased Trust National Bank Credit Ratings
OREANDA-NEWS. June 5, 2012. According to the agency, the increase reflects expanding credit activity and improved earnings generated by rising returns on core operations.
The rating itself is based on the Bank’s highly-developed business and infrastructure, steady development trends, increasingly stable financial results and a favourable assessment of corporate governance.
Constraining factors include low capital adequacy and above-average risk sensitivity.
Trust National Bank (TNB) is a major private-sector financial institution controlled by top executives. Development is focused on its retail business and SME services but the Bank retains a corporate block. An established regional network handles the bulk of operations. TNB offers high-quality, technically-sophisticated products and management is highly professional. An investment business inherited from the affiliated Trust Investment Bank following a 2008 merger is also being actively developed.
ZAO RusRating is an independent rating agency accredited by the Ministry of Finance of the