CBR Includes BALT-AUDIT-EXPERT in List of Recommended Valuators
OREANDA-NEWS. April 25, 2014. BALT-AUDIT-EXPERT as a part of the Energy Consulting Group was included by the RF Central Bank (the Bank of Russia) into a list of appraisers recommended for asset valuation in financial institutions being established in the Republic of Crimea and Sevastopol.
BALT-AUDIT-EXPERT, a leading consulting company in the North-West Region of Russia, has been ranked in the top 10 of 100 appraisers recommended by the Bank of Russia for asset valuation in financial institutions and non-bank financial intermediaries being established in the Republic of Crimea and the federal city of Sevastopol.
The companies selected by the Bank of Russia have been recommended as well for asset valuation in financial institutions and non-bank financial intermediaries regarding the assets transferred thereto within the framework of transfer of assets and liabilities.
The list of appraisers was based on Law "On particular features of the financial system functioning in the Republic of Crimea and the federal city of Sevastopol for a transitional period" and was approved by the relevant Order issued on April 14th, 2014 by the Chairman of the RF Central Bank.
Ludmila Isichenko, General Director of BALT-AUDIT-EXPERT": "The obvious investment attractiveness of Crimea will inevitably entail the implementation of major projects, including the leveraged ones based on loans taken from Russian banks. The entrance of the Company into the list of the Central Bank in this difficult adaptation period for the financial system of the peninsula is evidence that the Company complies with utmost requirements placed on appraising companies of Russia and opens broad horizons for work in this new region".
BALT-AUDIT-EXPERT has a sound experience in asset valuating for Russian banks, including the state-owned banks. Experts of the Company have been actively involved in formation of national regulations, standards and methodology of professional appraising activities, in the development of appraisal education in Russia.