OREANDA-NEWS. The rating is “BBB+” on the national scale and “BB” on the international scale, in both cases with a stable outlook.

The rating is based on an effective current business model, positive development trends and relatively low realized credit risks.

Constraining factors include risks connected with a change of ownership, narrow lines of business, and increased risks on retail loans in response to negative macro-economic developments.

iMoneyBank (formerly Altaienergobank) is a private-sector bank thank ranks among Russia's top two hundred by assets. Since 2010 its strategy has focused on retail financing, particularly car loans. In April 2014 it was taken over by a group Finprombank shareholders, including that Bank's Management Chairman Sergei Perminov and Chairman of the Board Anatoli Goncharov. Strategy calls for iMoneyBank to remain a separate legal entity and retain its niche business model. Growth prospects are rated favourably thanks to an established market presence and service network, as well as scope for optimising business processes in partnership with Finprombank.

Capital is minimally adequate and of good quality. External funding centres on retail deposits; potential risks to stability are offset by the long-term nature of most funding and growth in market positions. Client loans and third-party credit claims are the main components of assets, whose quality is rated satisfactory. Earnings are healthy. Risk sensitivity is moderate. Liquidity is sufficient.