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Moody’s confirmed the rating IBA-Moscow

Moody’s confirmed the rating IBA-Moscow

02 December 2011 14:39 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Moody’s Investors Service international rating agency assigned IBA-Moscow Bank (a subsidiary of International Bank of Azerbaijan to Russia) deposit rating in foreign and local currency at B3. The rating outlook â€“ â€œnegativeâ€.

The agency says, while assigning the rating agency takes into account the high probability of support from the International Bank of Azerbaijan.

Moody’s notes that IBA-Moscow is a small-sized bank, shows a high level of concentration in the loan portfolio. The agency emphasizes that the rating could be upgraded if the rating will be upgraded and the IBA will be diversify the portfolio of IBA-Moscow.

Note that, the total assets of IBA-Moscow make 18 billion rubles ($ 582.5 million) and by their volume it occupies 145th place among Russian banks.

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