The Analytical Credit Rating Agency (ACRA) upgraded the credit rating of Vozrozhdenie Bank from 'ВВ+(RU)' to 'А-(RU)' by assigning it a 'stable' outlook.

In the opinion of the Agency's analysts, the Bank demonstrates stably high financial and operational performance, has a reliable customer base and is well-positioned in the Moscow Region which, in terms of the inclusion into the VTB Group, creates additional advantages for the business development. According to Vyacheslav Tomashevskiy, the Deputy Chairman of the Management Board of Vozrozhdenie Bank, its stable market positions, high quality of corporate management and, of course, occurred certainty with the structure of the shareholders provided it with four additional steps to the current rating.

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OAO Bank Vozrozhdeniye published this content on 16 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 October 2018 14:42:10 UTC