OREANDA-NEWS. July 11, 2012. According to the agency, the positive outlook reflects an anticipated diversification of its ownership structure.

The rating itself is based on steady financial support from the Bank’s owner, stable ties to both corporate clients and foreign partners, substantial growth in market share and an increasingly diversified business coupled with broadly stable financial indicators.

Constraining factors include the Bank’s dependence on a single individual (its beneficiary owner) and risks associated with rapid growth.

Credit Bank of Moscow (CBM) is a larger (by assets) private-sector Moscow bank controlled by Roman Avdeev. Operations with corporate clients (notably including integrated services for major retail chains in the Moscow region) are its core line of business, but the Bank is gradually diversifying into retail. Market positions in retail deposits and corporate loans are healthy and CBM has experience working with a range of foreign partners. Securities market activity is moderate.