• Mission and values
• History
• Events
• What we do better than the others
• Logo
• Licences
• Rating
• Details
• Schedule of work with clients
• Correspondent banks
• Management
• Affiliated persons
• Auditors
• List of persons (directly or indirectly) considerably influencing on the managing decisions of the Evropeisky CCS ICB
• Deposit insurance scheme
• Money laundry policy of the Bank
• Careers
• Financial reporting
• Contacts
• Photogallery

Rating

10 November, 2010

The rating agency AK&M has appropriated the Joint-Stock Company ICB "EVROPEISKY" a credit rating according to the national scale «B ++».

The rating agency AK&M has appropriated the Joint-Stock Company Investment-Commercial Bank "EVROPEISKY" a credit rating according to the national scale «B ++» with the stable prediction. The rating «B ++» means that Joint-Stock Company ICB "EVROPEISKY" belongs to the class of the borrowers with satisfactory level of reliability. The risk of untimely performance of obligations is low. The rating is the highest in a class «B» of the rating scale of the Rating agency AK&M.

The important factor, supporting the high rating of the ICB "EVROPEISKY" is a high profitability. The indicator of the capital profitability in 2009 has accounted for 18.1 %, and in 2008 – for 37.9 %. For comparison, according to the bank system of the Russian Federation, as a whole the value of an indicator «balance profit/average level of the capital» for 2009 has accounted for 5 % and for 13.3 % in 2008. Profitability of bank actives following the results of 2009 has accounted for 1.86% (0.8 % on the average in all Russian banks). Following the results of 6 months 2010, the profitability of actives in annual calculation has accounted for 2.5 % against 1.8 % on the average countrywide. A good profitability (first of all capital profitability) allows to account with profit as with a real source of replenishment of own capital.

Specifications of the ICB "EVROPEISKY" liquidity are at high level that is defined by a high share of liquid funds in the structure of actives. The high value of the instant liquidity specification is especially allocated. Specification Н2 for September, 1st, 2010 was equal 82.2 % (an average value in 2010 accounted 92 %). Thus the specification of current liquidity for September, 1st, 2010 equaled 99.1 % (average value in 2010 is 100 %). It is necessary to notice separately that value of this specification actually didn't fall below 90 % throughout the last time. Thus, the credit organization has a low risk level of liquidity loss during the short-term and during intermediate term period.

As the positive factor for the ICB "EVROPEISKY" a low level of the delayed debts and a low share of bad loans act. The level of the delayed debts under the given out credits for September, 1st, 2010 makes 2.1 % to loan debts that in 2.5 times less than the level of a similar indicator in bank system of the Russian Federation. Bad loans and loans of 4th category of quality in structure of a loan portfolio on same date occupy 2.6 % and 2.3 % accordingly that approximately in 2 times less than an average value countrywide. Thus, the positive factor is that almost 90 % totally are necessary on loans of the 1st and the 2nd categories of quality.

The quality of ICB "EVROPEISKY" is above an average. In the shareholders' funds structure a share of the first level capita lis high . For the last 1.5 years it averages 75-85 %, and for September, 1st, 2010 – 81.9 %.

As the factor negatively influencing a rating, it is possible to allocate low rates of basic indicators increase in 2009 and 2010. In 2009 the ICB "EVROPEISKY" joint liability were reduced to 0.7 %. In 2010 the obligation shows insignificant positive dynamics. For first half of the year the obligations have grown to 3.2 %. For 2009 a net wealth has grown to 0.8 % (for comparison growth of actives on the average in bank system for this period of time has accounted for 5 %). In the first half of 2010 growth of a net wealth was a little accelerated in comparison with 2009, however it is still insignificant. Low rates of increase, turned out to be a consequence negative tendencies in economy, have led to that bank positions in region have worsened. For example, for more than 2 years the ICB "EVROPEISKY" share in cumulative actives of the Kaliningrad region bank system has decreased from 12.8 % for January, 1st, 2009 to 11.2 % for October, 1st, 2010.

The ICB "EVROPEISKY" carries out the activity on the bank services market since 1991. The bank is among middle in size and volumes of Russian regional banks operations. The bank is registered in Kaliningrad and has four other offices in this city. On volume of actives for October, 1st, 2010 the Bank occupies the 267th place, thus for January, 1st, 2010 the Bank was on the 272th place. The bank is the third on the size among the credit organizations registered in the region. According to the data for July, 1st, 2010 a bank net wealth has accounted for 5859 million rbl., and shareholders' funds has accounted for 613 million rbl. The ICB "EVROPEISKY" has the general license of the Russian Federation Central Bank for realization of the bank operations №1616, received on September, 20th, 2001. In December, 2004 the Central Bank Committee of bank supervision had took out the positive conclusion about introduction the ICB "EVROPEISKY" into the Contributions Insurance System (С IS). The auditor of Bank is Open Company «Financial and accounting advisers».

The bank concentrates on the attraction to service of the legal bodies who are carrying out foreign trade activities, and crediting of small and mid-sized business. As a whole the Bank isn't characterized by accurately expressed specialization. The clients of the ICB "EVROPEISKY" are more than 2900 active corporate clients representing a transport complex, the mechanical engineering, metallurgical manufacture, building, sphere of retail and wholesale trade, manufacture of foodstuff and many other things. The bank renders the services to 18 thousand physical persons.

The given press release is prepared on the basis of the Report on assignment of the ICB "EVROPEISKY" credit status rating.

The credit rating, and also any information and the conclusions containing in the press release, should be considered exclusively as opinion about the credit status, instead of the recommendation about purchase-sale of securities or granting to bank of borrowed funds.

The Rating agency AK&M doesn't accept any respon sibility in connection with any interpretations, conclusions and the consequences connected with application by the third parties of results of rating estimation carrying out.

The Rating agency AK&M is leading independent national rating agency in Russia. The beginning of the rating activity is 1993.

Rating agency AK&M is accredited by the Ministry of Finance of the Russian Federation (the order №452 from September, 17th, 2010).

The Ratings АК &M are recognized by the Central Bank of the Russian Federation (as a condition for access to unsecured crediting – ThePosition 323-P), IEB (as a condition for reception subordinated loans) and RosBD (as a condition for work under the program of crediting of small and mid-sized business), R О SN А N О (as a condition of bank selections for rendering of services CMS to the project companies within the limits of investment projects), the Moscow Interbank Stock Exchange (quality of a condition for inclusion of bonds in base of calculation of corporate and municipal indexes, inclusion of bonds in listing and just as a condition for the admission to modes of the auctions of the Moscow Interbank Stock Exchange +), are recognized by the Governmental order of the Russian Federation as a condition for bank recapitalization . Besides The Rating agency AK&M was recognized by AHML,and also is accredited by SRO«National share association».

Moscow, Gubkin's street, 3
Joint-Stock Company «The Rating agency AK&M»
www.akmrating.ru

Analyst: Andrey Manko
Bodies: (495) 916-70-30, the Fax: (499) 132-69-18, Email: Manko_A@akm.ru