NRA Withdraws Kapitalbank’s Credit Rating, Assigns Exit Rating Of ‘D’
OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on Kapitalbank JSCB OJSC. The bank has been assigned an exit rating of ‘D’. Kapitalbank got NRA’s first-time credit rating of ‘BBB+’ on Aug. 5, 2015. The rating was lowered to ‘B’ on the national scale, outlook Negative, on Feb. 5, 2016.
Kapitalbank Joint-Stock Commercial Bank (operating as an open joint-stock company) was founded in Rostov-on-Don in 1993. K.N. Senyaninov, the Chairman of the Board of Directors, and I.N. Ryzhkina, the Chairperson of the Management Board, were the bank’s key owners till 2011. In 2011, the bank acquired new shareholders ¬ several businesspeople from EU countries with interests in the financial services, real estate and mass media sectors. In early 2015, Kapitalbank acquired new investors with interests and considerable experience in the financial sector. Kapitalbank is a member bank of the deposit insurance framework (Reg. No. 215).
Kapitalbank’s banking license was revoked on Feb. 15, 2016.
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