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05.07.2021

ACRA affirms Center-invest Bank’s Stable Rating

On 5 July 2021 the Analytical Credit Rating Agency (ACRA) affirmed Center-invest Bank’s and Bank’s bond issue A(RU) national scale rating, outlook stable.

The rating confirms that Center-invest Bank has a moderately high level of creditworthiness compared to other credit institutions in Russia. The stable rating forecast assumes, with the highest degree of probability, that the rating will remain unchanged over the horizon of 12-18 months.

The agency's analysts also highly appreciated the quality of corporate governance at Center-invest Bank and noted that the bank has a balanced development strategy taking into account trends in the development of the Russian banking system.

Center-invest Bank is a regional bank which is growing organically. It ranks 66th for capital among Russian banks. Its main business areas are lending to retail customers and SME lending.

The bank actively implements the principles of economic, social and environmental management (ESG) and is one of the first banks to develop ESG banking in Russia.

The bank’s financial indicators not only demonstrate growth, but also the scale of its contribution to implementation of the United Nations Sustainable Development Goals. In 2019 through its lending to the real economy, the bank channeled RUB195.5bn to the achievement of the Sustainable Development Goals and RUB169.7bn to Russia’s National Projects.