The rating agency, Expert RA, has affirmed Expobank 's rating at ruA- with a stable outlook.
The agency’s analysts highly appreciated operational efficiency, capital adequacy, asset quality and liquidity. Because of it’s chosen strategy, the Bank shows successful financial results from year to year. The agency assessed the Bank’s profitability as high, and the quality of corporate governance corresponds to the Bank’s size of business.
Kirill Nifontov, Chairman of the Management Board, commented: “The rating confirmation in the current environment indicates the reliability and stable development of the bank. We have fully completed the integration with Kurskprombank. We have shown excellent financial results for YE 2019: Expobank’s RoE according to IFRS reached 30.6%, and net profit at RUB 5.1 bn. was three times 2018. Expobank has already been recognized three times as the best bank operating in Russia by EMEA Finance. In this nomination banks with high quality of management and effective long-term strategy traditionally become winners."
In March 2020 NKR Credit Rating Agency assigned Expobank a similar credit rating at the level of А-.ru with a stable outlook.