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13.05.2008 /Bank's Ratings
 Fitch Ratings assigned B.I.N.BANK's Long-term Issuer Default rating (IDR)
On May 12th, 2008 Fitch Ratings assigned B.I.N.BANK’s Long-term Issuer Default rating (IDR) and National Long-term Positive Outlooks removing them from Rating Watch Positive (RWP). The Positive Outlooks reflect Fitch’s base case expectation that the Bank will not be significantly impacted in connection with some portion of political risk related to the Bank’s majority holder Mikhail Shishkhanov and his family’s business. Notwithstanding the latest news related to cancellation of the deal on the Bank’s sale by Mr. Shishkhanov, Fitch reconsidered its opinion on the outlooks and announced about the further upgrade of ratings while the relevant political risks would lessen over time. Among positive trends Fitch noted the Bank’s stable funding base, growing profitability and the old reliable management team.
Investor's Release
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