Credit assessment by "Expert RA" agency affirms the creditworthiness of Far Eastern Bank through 2025.
In the realm of banking, stability and growth are the cornerstones of success. AO "Far Eastern Bank" has been consistently demonstrating these qualities, as evidenced by the recent confirmation of its high credit rating by the rating agency "Expert RA."
The bank's creditworthiness rating stands at ruBBB-, with a stable outlook, indicating a high likelihood of maintaining this rating over the next 12 months. This rating is a testament to the bank's financial stability and is attributed to satisfactory market positions.
President of AO "Far Eastern Bank," Sergei Marin, commented on the repeated confirmation of the high credit rating, stating it as evidence of the bank's resilience and reliability. The bank's client base, primarily small and medium businesses at the regional level, contributes significantly to this reputation. The trust and confidence of clients and partners are key factors in the bank's high credit rating, as noted by Sergei Marin.
The bank has participated in government support programs, including in the directions of mortgage lending and SME, further strengthening its position in the market. The bank's own funds sufficiency is considered high, and its liquidity is acceptable, with the bank maintaining high liquidity ratios as of 01.07.2025.
Conservative corporate governance also plays a role in the bank's high credit rating. The bank's loan portfolio to individuals increased significantly from 01.07.2024 to 01.07.2025, approximately 22%.
While the specific factors contributing to the bank's high credit rating were not detailed in the provided information, it is likely that Expert RA considered broader market and economic factors alongside institution-specific financial metrics such as capitalization, asset quality, liquidity, and governance to assign the ruBBB- rating. These factors include stable economic growth trends with controlled inflation pressures, credit spreads trending near tight levels, currency and economic stability factors, and a stable macroeconomic and policy environment.
The press service of the Far Eastern Bank reported the rating confirmation, underscoring the bank's commitment to transparency and accountability. For a more detailed analysis of the rating drivers for AO "Far Eastern Bank," consulting Expert RA’s latest published credit rating report on the bank would be necessary.
The financial stability of Far Eastern Bank, as indicated by its high credit rating of ruBBB-, has been attributed to its satisfactory market positions in the business sector. This has greatly contributed to the bank's reputation among clients, primarily small and medium businesses at the regional level, making them key factors in the bank's high credit rating.
Participation in government support programs, such as mortgage lending and SME, has further strengthened Far Eastern Bank's position in the market, demonstrating its resilience and reliability. In addition to institution-specific financial metrics, it is likely that the rating agency Expert RA considered broader market and economic factors like stable economic growth trends, controlled inflation pressures, and a stable macroeconomic and policy environment in assigning the ruBBB- rating to the bank.
