OREANDA-NEWS. 'Expert RA' rating agency assigned 'Trade Finance Bank' creditworthiness rating A, which means high credit solvency, third sub-level. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term.

Low concentration of active transactions on major credit risk items (as of December 1, 2013, the ratio of major credit risks to assets minus provisions came to 27.8%) and high loan collateralization (the loan portfolio coverage, including pledge of securities and guarantees, came to 348.4% as of December 1, 2013) support the rating. A good balance of assets and liabilities, by their maturities, in the short-term (as of December 1, 2013, Í2=77.4%; Í3=86.7%) and a moderately high share of 'long' liabilities also have a positive impact on the rating. 'The Agency notes that some of the Bank owners, one of which is a beneficiary of FBME Bank Limited (Cyprus), are willing to provide RUB 350 million to “TFB” Bank in 2014, if the need arises,' comments Stanislav Volkov, Director, Bank Ratings, 'Expert RA'.

'Expert RA' analysts highlight the low capital adequacy ratio (as of December 1, 2013, Í1 amounted to 11%, while the minimum permissible value was 10%) as the key rating-restraining factor. Low RoE (in 9 months 2013, RAS ROE=6.1% in annual terms) and high Í6 as of in-month dates (the maximum Í6 was 24.97% in November 2013) are additional factors that do not allow assigning a higher rating.

Commercial Bank “Trade Finance Bank” (Limited liability company) (city of Moscow, reg. # 1982) specializes in SME lending and attracting individuals' and legal entities' money. The Bank's Head Office, 7 subsidiary offices, 5 cash desks outside the cash center and 6 operational offices are situated in Moscow. As of December 1, 2013, RAS assets came to RUB 8.2 billion (No. 302 in 'Expert RA' ranking as of December 1, 2013), and the equity, to RUB 578.2 million. RAS pre-tax profit for 9 months 2013 stood at RUB 27.3 million.