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S&P assigns Ratings to NOMOS-BANK and the Bank of Khanty-Mansiysk and raises the Rating of Otkritie Bank


Standard & Poor’s (S&P), international rating agency, has assigned NOMOS-BANK a long-term credit rating of ‘BB-‘, a short-term credit rating of ‘B’, and a Russia national rating of ’ruAA-‘, all with stable outlooks. The Bank of Khanty-Mansiysk of the NOMOS-BANK Group, has been assigned a ‘BB-‘ long-term counterparty credit rating.

In addition, S&P has raised the long-term counterparty credit rating of Otkritie Bank to ‘B+’ and its Russia national scale rating to ‘ruA+’ in response to the reduction of the risks associated with the integration of Otkritie Financial Corporation’s banking assets.

S&P’s assessment was based on the consolidated IFRS results of the NOMOS-BANK Group (the main operating entity of Otkritie Financial Corporation’s banking group).

NOMOS-BANK’s ratings reflect its strong position in the Russian market (with approx. 2.5% share of loans and deposits) and its significance to Russia’s banking system. The agency also mentioned in its communication the good financial performance of the NOMOS-BANK’s business, its ‘moderate’ risk position, ’average’ funding, and ‘adequate’ liquidity.

The ‘stable’ outlook reflects the agency’s view that, in the mid-term, the Bank will maintain its current level of capitalisation and the better-than-average quality of assets and will be capable of sustainable development over the next two years.

NOMOS-BANK currently has the following credit ratings: ‘BB-/B from Fitch Ratings, ‘Ba3/NP’ from Moody’s, and the ‘AAA’ (highest creditworthiness) from the Russia-based National Rating Agency.