Expert RA has raised the rating to STS Leasing

The Expert RA rating agency has assigned the B+ rating (sufficient credibility) to STS Leasing. "Speedy growth of business contributed to the company’s assessment: volume of signed deals in 2007 went up by 13 times. Implementation of automated information system and good liquidity of leasing items and extended geography added up to the company’s pluses", — said Roman Romanovsky, Expert RA, department of ratings of financial institutions.

Top-three leaders

The Expert RA rating agency has assigned the A rating (high creditworthiness) to Tatfondbank. Acceptable level of capital adequacy, high quality of corporate governance and good credit history determine the Bank high creditworthiness. Proper procedures of credit risk management keep outstanding debts at a low level: by April 1, 2008 it was 0.7% of the credit portfolio. Developed net of branches and additional offices in Tatarstan as well as involvement with state programs placed the Bank among the three largest regional crediting groups.

The Fifth all-Russia forum “Regional market of audit, consulting and appraisal services: strategic development in competitive environment”

The Fifth all-Russia forum “Regional market of audit, consulting and appraisal services: strategic development in competitive environment” took place, organized by Interkom-Audit (BKR) supported by the Audit Chamber of Russia and the Russia Appraisers Society. The forum’s venue in 2008 was Saint-Petersburg with delegates from over 50 towns in the Russian Federation, Ukraine, Kyrgyzia, Uzbekistan. In 2008 the forum’s attention was focused on strategic development of audit, consulting and appraisal companies in competitive environment. According to the forum participants, the Russian economy growth, SME dynamic development, desire of leading Russian companies to be more open contribute to increased demand in the area of audit-consulting and appraisal services. The same factors increase demands to companies presenting intellectual services.

Insurance market research

The Expert RA rating agency announces the beginning of data collection to study the RF insurance market in the first half of 2008. In 2007 Russian insurers collected 486 bln rubles through direct insurance (without MMI), which exceeded 2006 by 79 bln rubles or 19.5%. Previous Expert RA study of the Russian insurance market put in the lead road transport insurance (collections – 153.0 bln rubles), OSAGO (72.5 bln rubles) and insurance of legal entities’ property from fire and other risks (71.7 bln rubles). A new analysis will be published in September 2008 and show changes in the market situation within the last six months.

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Interview

Well, yes, on the federal level no strategy has been developed yet. But there are some conceptual documents: the President's Address, industries' strategies. One of the most important of these is the concept of economic safety of Russia, adopted in 2000. It provides basic empiric criteria of safety: what should the level of people's income difference be so that it couldn't cause social protest; what should the share of foreign investments and the level of fixed capital stock deterioration be in order to maintain normal reproduction. Let's bear in mind that the concept of economic safety provides "eternal" criteria, based on history and experience of many counties...

Grigory Marchenko, head of regional research department of Expert RA

Joint project of Expert RA Rating Agency and Association of Regional Banks ("Rossia")
"Concept of Russian Financial System Development till 2020"

There has taken place press-conference "Future of banking sector in Russia till 2020: resources for growth", where the full version of banking market development has been presented for the first time. This concept was developed within the framework of project "Concept of Russian Financial System Development till 2020" .

Expert Word

You can place your rating certificate on the site of your compnay or region. All you need is to find your comopany in Expert RA database, and click Certificate tuning.