DGAP-News: Bank Petrocommerce: Standard&Poor–s Affirms Credit Ratings Assigned to Bank Petrocommerce

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Bank Petrocommerce: Standard&Poor–s Affirms Credit Ratings Assigned
to Bank Petrocommerce

14.12.2011 / 14:35

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Moscow

Standard&Poor–s Affirms Credit Ratings Assigned to Bank Petrocommerce

On 09 December 2011, Standard&Poor–s affirmed the following credit
ratings of Bank Petrocommerce in accordance with the updated methodology:

– international scale rating:?+/?(long-term/short-term credit ratings
in foreign and national currencies)

– national scale rating: ruA

– outlook: stable.

Bank Petrocommerce is currently characterized by sizable business volumes
compared to its peers in the Russian financial market. Since 2000, Bank
Petrocommerce has sustainably ranked among top 30 Russian banks. It enjoys
robust capitalization (its tier 1 capital adequacy ratio by IFRS is more
than twice as high as the floor level of 8% set by the Basel Capital
Accord). The Bank–s shareholders are willing to render their financial
support, if necessary. The Bank is the strategic partner and main
settlement bank of the LUKOIL group in the ruble area.

The Bank–s development strategy till 2015 adopted in Q1 2011 is focused on
the most promising client segments and products, including retail, and is
expected to take the Bank–s operations to a whole new level. Implementation
of the strategy will contribute to the expansion of the Bank–s customer
base, generation of higher profit, acquisition of new competitive edges and
enhancement of its positions in the Russian financial market.

The Bank has top notch expertise in providing services to key client
groups: large and medium-sized corporations, holdings, corporate clients–
employees, premium segment of individual customers, that constitute the
backbone of the Bank–s clientele.

Bank Petrocommerce has sustainably enjoyed an adequate liquidity position,
a low level of currency risks, a loan portfolio, which is well diversified
across various economic industries, an improving situation with
non-performing assets, a well diversified funding base with low reliance on
international capital markets.

The Bank–s extensive regional network ensures its operations in the major
economic hubs and in the regions with high growth potential.

Profile:

Bank Petrocommerce was established in 1992 and is a universal credit
organization, which renders a complete range of bank services. The Bank
ranks among top 30 largest banks of Russia.
Bank Petrocommerce is part of IFD Kapital Group, one of Russia–s largest
diversified holdings with interests in the oil industry, financial sector,
pension funds, high technologies, power generation and mass media.
As of 01.10.11, the Bank–s equity was RUR 21.2 bln., assets – RUR 212.4
bln., loan portfolio – RUR 116.7 bln., customer accounts and deposits – RUR
163.2 bln., net profit for 9 months – RUR 407 mln.
Bank Petrocommerce has been assigned?+/?(international scale) and ruA
(national scale) ratings by Standard&Poor–s and Ba3/NP (international
scale) and Aa3.ru (national scale) ratings by Moody–s Investors Service.
Russian Expert RA has assigned its?+ to the Bank.
The Bank is a member of the mandatory deposit insurance system and is
authorized to act as a guarantor to the customs authorities.
Petrocommerce Banking Group comprises the following commercial banks: OJSC
Stavropolpromstroybank, OJSC Komiregionbank Ukhtabank, PJSC Bank
Petrocommerce-Ukraine.
The extensive network of the Banking Group consists of 166 points of sale
in 75 Russian cities
________________________________________
Public Relations and Advertising Division of Bank Petrocommerce
pr@pkb.ru, + 7 495 625-87-71, +7 495 981-76-54

End of Corporate News

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Language: English
Company: Bank Petrocommerce
24/1, Petrovka
127051 Moscow
Russia
Phone: +7 (495) 411-6411
Fax: +7 (495) 623-3607
E-mail: office@pkb.ru
Internet: www.pkb.ru
ISIN: RU000A0JQM39, RU000A0JQ9V7, RU000A0JQ9X3

End of News EquityStory.RS, LLC News-Service
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149743 14.12.2011

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