Expert RA has assigned ratings of Bank Finservice

The most significant factor positively influencing the rating of the Bank Finservice, advocates high levels of capital adequacy: the capital adequacy ratio of 01.10.08 amounted to 32,9%. Support rating have an extensive network of additional offices and self-service banking terminals, adequate credit risk management and good organization of business processes. Point of Sale Bank Finservice are in stores, Seventh Continent: 107 sales offices in Moscow and Moscow region, 35 sales offices in St. Petersburg, Kaliningrad and Ryazan, Perm, Yaroslavl, Novosibirsk, Rostov-on-Don, Barnaul. JSC "The Seventh Continent" - the owner of a blocking stake (25,5%), "Bank Finservice (still 49% owned by Bank JSC Sobinbank). The most important factor limiting the rating - a high proportion of arrears on private individuals. On 11.01.2008 the share of overdue debt on individuals has reached 12.69%. "Sufficiently high effective rate on loans to enable the Bank to maintain solvency and Finservice at this level of arrears, but in the case for further substantial growth in troubled loans worsen profitability and liquidity," - a leading expert believes the Department of financial institutions ratings Stanislav Volkov. Negative impact on the creditworthiness also affect the lack of product variety, low return on equity and low supply of loans to individuals. Information: "Bank Finservice specializes in providing non-earmarked loans to individuals. The size of assets under RAS of 01.10.2008 amounted to 6,533 million rubles. (220 th place among Russian banks, according to the ranking of the "Expert RA"), the size of equity-3075 RR., Profit before tax for the first 9 months of 2008 - 58 million rubles.