Training on Forecasting, April 7–8

ACRA assigns “Rating under revision: developing” status to the credit rating of JSC «BANK REALIST»

The assignment of the status “Rating on revision: developing” to the credit rating of JSC «BANK REALIST» (hereinafter referred to as the Bank) is associated with the expected acquisition of the Bank by BaikalInvestBank JSC (ACRA rating B-(RU), status “Rating under revision: developing") in the next 90 days. After completion of the reorganization and merger of the credit institutions, the Bank will cease to exist as an independent financial institution.

JSC «BANK REALIST» (formerly known as JSC BANK МРВ) is a small-size credit institution performing its business activities primarily in Moscow. The Bank is focused on lending to non-financial companies and on bank guarantees.

Key rating assessment factors

The credit rating of the Bank is based on its comfortable capital cushion, adequate liquidity and funding factor, coupled with a weak business profile and a satisfactory risk profile.

The credit rating status “Rating under revision: developing” reflects the need for information on the results of the forthcoming merger. The Agency plans to review the credit rating status within the next 90 days.

Key assumptions

Completion of acquisition of JSC «BANK REALIST» by BaikalInvestBank JSC.

Potential outlook or rating change factors

Removal of the “Rating under revision” status and affirmation of the credit rating may be prompted by:

Continuation of business by the Bank as a standalone credit institution.

Rating components

Standalone creditworthiness assessment (SCA): b.

Adjustments: none.

Support: none.

Issue ratings

No outstanding issues have been rated.

Regulatory disclosure

No outstanding issues have been rated.

The credit rating and the credit rating status were assigned under the national scale for the Russian Federation and is based on the Methodology for Credit Ratings Assignment to Banks and Bank Groups Under the National Scale for the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.

The credit rating assigned to JSC «BANK REALIST» was published by ACRA on July 06, 2018 for the first time. The credit rating is expected to be revised within 90 days following the rating action date (November 30, 2018).

The assigned credit rating and credit rating status are based on the data provided by JSC «BANK REALIST», information from publicly available sources, as well as ACRA’s own databases. The rating analysis was performed using IFRS consolidated statements of JSC «BANK REALIST» and statements of JSC «BANK REALIST» composed in compliance with the Bank of Russia Ordinance No. 4212-U dated November 24, 2016. The credit rating is solicited, and JSC «BANK REALIST» participated in its assignment.

No material discrepancies between the provided data and the data officially disclosed by JSC «BANK REALIST» in its financial statements have been discovered.

ACRA provided no additional services to JSC «BANK REALIST». No conflicts of interest were discovered in the course of credit rating assignment.

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