RF Central Bank once again confirms high reliability of Absolut Bank

Absolut Bank was one of the 20 banks invited by Bank of Russia to sign agreements on partial compensation of losses incurred on the interbank credit market. That privilege has already been granted to 13 banks, which have been active on the interbank credit market. The proposal of the Central Bank is the indication of the high degree of trust with Absolute Bank, and can be regarded as the objective result of Absolut Bank’s effective risk management system, at both the strategic level, and at the level of individual bank businesses.

In order to be included in that list, the bank must have a long-term credit solvency rating not lower than ÂÂ-, as per Standard & Poor/'s or Fitch rating, or at least a Âà3 Moody’s rating. The bank’s assets must exceed 20 bln rubles as of the last accounting date.

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SB Bank is awarded the STP Excellence Award by Deutsche Bank SB Bank receives this award for the 4th time. This year SB Bank achieved the best result in formatting payments among Russian Banks – STP rate payments reached 99.9% of all SB Bank's commercial payments routed through USD account with Deutsche Bank. [Read...]