The Russian rating Agency RusRating RAEX and evaluating the work of the Bank “Peresvet”, allow the change of the rating of financial institutions. About it “lente.ru” reported in the agencies.
RusRating Thursday, October 20, placed the credit rating of “Peresvet” and the forecast on it (on a national scale — “AA” with a stable Outlook, on the international ‘BBB’, Outlook stable) in the waiting list. The Agency made this decision due to the fact that it does not have timely information about the impact of the increased reputational risks to the Bank.
The company explained that the level of the rating or its Outlook may change depending on additional information that may be received from the Bank and from public sources.
“Limit the issuance of deposits, in our view, was a reprisal of the Bank on the surge of information in the media and appropriate response of investors. Not surprisingly, with this background information the Bank was difficult to place their bonds. How will worsen the situation at the moment is difficult to predict,” — said in an interview with “Tape.ru” Director on Bank ratings RusRating Larissa Makarenko. She stressed that the Agency monitors the activities of the Bank on a daily basis.
Managing Director on Bank ratings RAEX Stanislav Volkov said that in June the rating of “Peresvet” has received the status of “under observation” because the Agency saw a deterioration of liquidity. “This raised the question of a possible downgrade of the Bank, however, has been declared a number of measures that were supposed to improve the situation. Since the implementation of these measures has not led to significant improvement in August, the ratings we lowered,” said he. After the deterioration of the rating to “A+” (national scale; Outlook stable), the observation was removed.
“Now we can see again the change in the situation. Don’t know whether it is short-term, and how effective are the measures that the Bank plans. In this regard, again the status is “under observation”, and we are constantly monitoring the situation in the Bank”, — said Volkov.
20 November it became known that the Bank “Peresvet” has not managed to attract two billion rubles by placement of the bonds.
The “Peresvet” reported no liquidity problems and has promised to soon lift restrictions on the withdrawal of deposits, entered 18 Oct.
On 5 October, the newspaper “Vedomosti”, citing data from Fitch rating Agency reported that large borrowers “Peresvet” are “some signs of affiliation with each other or with the shareholders or management of the Bank.” In addition, it was noted that of the loans of 17 billion rubles and 12 billion accounts for high-risk loans. That is, structures that have received money, have no real assets, and “Peresvet” is their only creditor, Fitch said. In an interview with “Tape.ru” Vice-President “Peresvet” Nadezhda Gromova said that the rating Agency Fitch “clearly unfair”.
The credit institution takes 41st place in the Russian banking system by assets. More than 49 percent of the shares belongs to the Russian Orthodox Church, another 24 percent the chamber of Commerce.
