• • Khanty-Mansiysky Private Pension Fund: rating confirmed

    Expert RA Rating Agency has confirmed reliability rating to Khanty-Mansiysky Private Pension Fund being А++ «Highest reliability level». To the factors having positive effect on the rating the Agency refers the Fund's investment policy aimed at minimizing market risks

• • Colective investments merket review as of 9 months of 2009

    According to the review by Expert RA, during the third quarter of 2009 the volume of collective investments market has grown by 20% to 1,55 trillion roubles, showing growth for the first time in 2009.

• • STS Leasing: rating denounced

    Expert RA Rating Agency informs of the rating denounciing for OOO STS Laesing since September, 21st, 2009.

• • Expert RA awarded KIT Fortis Investments an A++ rating

    The Expert RA rating agency has awarded KIT Fortis Investments the top reliability and service quality rating A++ (level “exceptionally high/highest level of reliability and service quality”). “The highest appreciation of the reliability and service quality of KIT Fortis Investments is based on the highest level of investment process organization, top quality risk-management system, faster-than-market AUM growth, and integrated software and diversified risk-management tools utilization” – mentions Head of Investment Ratings Expert RA Pavel Mitrofanov. “To install one of the best risk-management systems on the Russian market and to efficiently manage investment process the company adopted experience of its European partner – Fortis Investments.“ Asset management company KIT Fortis Investments operates on the market since 2002. The company specializes on mutual funds management and segregated accounts management.

• • 25 September 2008
    Expert RA has assigned the rating to Obuv Rossii Group
• • 24 September 2008
    Expert RA has affirmed rating to Management-Centre
• • 24 September 2008
    Applications for the 8th Contest of Russian Innovations Welcome
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Expert RA Research

Bank ranking by Russian Accounting Standards, 2008
Another year of growth: formal results of the Russian banks operations in 2008 present no room for fear or even serious alarm. Consolidated assets went up by 39% (in 2007 - by 44%), same as bank assets to GDP (62 to 67%), and own capital (increase by 43% comparing with 58% in 2007). The figures look impressive - "bad assets" in bank balance sheets amounted to mere 1.5%.

The leasing market in 2008: free fall (2009)
Free fall: limited borrowing funds at the capital market together with reduced spending power cut the leasing market by about 25%. Amount of new deals in 2008 declined by 27.8% comparing to 2007. Total monetary value of the deals neared 720 bln rubles against 997 bln rubles in 2007. The market is mostly impacted by general uncertainty in economy and vague expectations in relation to the financial market restoration.

The Russian factoring market in 2008: You need change to survive
Euphoric extensive growth at the factoring market is history. Factors need change to survive under present circumstances - by way of modifying risk-management and business-processes.

In 2008 for the first time in five years the factoring market dramatically slowed down. The factoring share in GDP declined from 1.56% in 2007 to 1.44% in 2008. In 2007 factor transferred demands were 1.7 times higher than the previous year; in 2008 the market went up only by 16.7% to reach 602 bln rubles (see drg.1). Positive increment throughout the year may be attributed to relatively successful factor operations in the first half of 2008.

The financial crisis made factors reconsider their risk-management systems and be more balanced and responsible in their credit policy.

The first ranking of Russian insurers by International Financial Reporting Standards (IFRS)
At last we have reached the level of IFRS: for the first time it was made possible to rank Russian insurers by IFRS. The first ranking comprised only nine Russian insurers - 1% of the whole number of Russian insurers. According to Expert RA, IFRS reporting is being prepared by at least 20 Russian insurers, mostly incapable of disclosing the information in public.

Bank deposit market: crisis gives encouragement
Instability on the national banking system complemented by negative information from international financial markets interrupted progressive movement of population savings attracted by banks. The bank deposit market went out of balance and for the first time in the last four years showed signs of panic among depositors: amount of deposits in September went down by 1.5%.