Rus-Rating confirms SKB-Bank at BB+

The credit rating given to SKB-Bank by Rus-Rating was affirmed at BB+ once again on July 1, 2010. This is actually the greatest result among all Sverdlovsk Region-based banks.

Rus-Rating’s analysts explain the SKB-Bank’s current strengths are the great probability of state support and the presence of financially strong proprietors with their help. They also point out the bank’s current share of the market, its reliable business customer base made up of Sverdlovsk Region’s large, credit-worthy enterprises, its lack of dependence on the international funding, and its capital adequacy.

‘SKB-Bank is a middle-sized provincial bank (in terms of assets, that is) and one of the largest banks in Sverdlovsk Region. It so happens that SKB-Bank has always worked in close contact with the regional authorities. It runs a wide regional office network and a great customer base composed of large and medium local enterprises, these enterprises’ employees, and the local dwellers. The bank won a great share of the regional market and is more or less the retail market and the SMEs market leader,’ the agency states.

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