OREANDA-NEWS. National Rating Agency confirmed Veles Capital IC reliability rating on “AA+” level (very high reliability, first level)

“The company has very high business activity and capitalization. The major financial indices are stable, the competitive position is strong. Veles Capital is the experienced player of the equity market, has clear development strategy and is also supported by owners who actively participate in the company’s management. Also Veles Capital IC is part of the strong and diversified group of companies. All these factors contributed to rating confirmation”, - said Darya Yudaeva, NRA analyst. In the rating report the experts pointed out that the company has the sufficient level of liquidity and has been profitable during the analyzing period. Veles Capital’s net profit exceeded 5 mln EUR (200 mln RUR) in 2012, +8% compared to the 2011 results.

“The “AA+” level means that the company has very high level of creditability and reliability with stable and high indexes of capital adequacy, high profitability. The company should be able to render wide range of financial services. The company has good reputation and diversified base of clients and counterparts. The investment strategies are stable, risk-management is strong. The level of risk is estimated as low”, - said NRA analysts.

Veles Capital IC has been operating on the Russian financial market since 1995 and renders financial services on equity markets for large corporate and private clients. Among company’s services are trust management and brokerage services, consulting, corporate finance, private equity, real estate investments, wealth management. Veles Capital group unites investment companies in Russia, Ukraine, Cyprus, Asset Management companies Veles Management and VELES TRUST (former “Albion Finance”), Veles Development (real estate investments), Veles Capital Investment Group (M&A and private equity).

National Rating Agency has been operating since 2002 and is one of the largest and leading independent rating agencies in Russia. NRA has accreditation of Russian Ministry of Finance. The ratings are accepted by Russian Central Bank, FFMC, Moscow Exchange, Russian Ministry for Economic Development , Vnesheconombank, ROSNANO, Agency for Housing Mortgage Lending etc.