As noted in the materials agency Fitch, the rating increase on a national scale followed a deep analysis of the Bank’s assets and “reflects the benefits of ZENIT about the creditworthiness compared to other Russian banks with an international credit rating at B +». The advantages of Bank ZENIT Fitch considers, in particular, its wider regional network and moderate ambition to achieve rapid growth.
Earlier this year, another international rating agency – Moody’s Investment Services – has kept the financial strength rating of Bank ZENIT at D-and long-term deposit rating at – Ba3/Not Prime. The rating outlook – stable.
“For many years, Zenit Bank pays special attention to the quality of its assets. This approach contributed to the fact that the growth of key business indicators was gradual and progressive, with no sudden jerks. And as history has shown, this strategy has paid off, ensuring that even in the current economic conditions, performance of tasks and maintaining the financial stability of the Bank. The affirmation of the Bank by the agency Fitch – additional evidence of our strategy, “- commented the Chairman of the Management Board of Bank ZENIT Cyril Shpigun.
