Rating agency Expert RA increased credit rating to TRANSKAPITALBANK to ‘ruBBB-’ with /Stable/ outlook
The increase in the bank’s rating is due to stable profitability over the past 12 months under RAS (Russian Accounting Standards) and IFRS (International Financial Accounting Standards) and improvement of a number of asset quality metrics. The Agency notes a significant reserve of balance liquidity, as well as good capital adequacy ratios. The Agency positively assesses the changes in corporate governance, which made it possible to achieve the implementation of key strategic development plans in 2021. According to the development strategy of the banking group, in 2022 – 2023 the focus will be on enhancing the operating performance and increasing the proportion of earning assets along with the development of online channels and provision of services in the BaaS format.
Information about TKB Group:
TKB Group includes TransKapitalBank and Investtradebank. TKB Group is in TOP-30 Russian banks by assets. TKB Group has wide coverage of sales points in the key regions of Russia. TKB’s main business lines: corporate and SME lending (TOP15 in Russia), mortgages (TOP15 in Russia), factoring, comprehensive banking services for financial institutions from EAEU/CIS/SCO. Being a key partner of the EAEU/CIS/SCO integration processes, TKB implements program of comprehensive banking services for financial institutions “Bank for Banks” and offers counterparties a wide range of operations: transaction/settlement business, treasury operations, trade finance and arrangement of syndicated loan facilities for banks of the CIS countries. The TKB Group’s personnel is over 2 700 employees.