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RusRating Upgrades SDM-Bank's Outlook to "Positive"

08.02.2011

8 February 2011

RusRating Upgrades SDM-Bank's Outlook to "Positive"

RusRating has upgraded SDM-Bank's outlook to "Positive" on 3 February 2011.

According to Larisa Makarenko, the agency’s Director of Corporate Ratings, the change in outlook reflects consistently healthy asset quality under crisis conditions, a steady recovery in earnings measures and an expected reinforcement of the shareholder base following a planned capital investment by the EBRD.

The report highlights a number of SDM-Bank’s performance ratios: "Financial results for 2010 totaled R319mn, an increase of 88% over the previous year. The Bank’s return on assets was 1.6% and its return on equity 16.9%, versus 1.0% and 9.7% in 2009".

The rating itself is unchanged at “BB” and it is based on strong risk management, solid market positions in the Bank’s core line of business, a healthy liquidity position, and access to federal government support in the form of credit resources.

Press Release Contact:
Anna Kolokoltseva, e-mail
kolokoltseva@sdm.ru, tel.: + 7 495 490 45 71

About SDM-Bank

JSC SDM-Bank was established in 1991. The bank has the General license of the Bank of Russia No 1637. The bank participates in the Deposit Insurance System since 2004.  SDM-Bank aims to deliver best-in-class financial services across three principal business lines:

- Corporate Lending (with a particular emphasis on SMEs)
- Corporate Cash Management (with a particular emphasis on SMEs)
- Private Client Services

The Bank has 13 full-service branches and 26 corporate offices in Moscow; 8 regional branches in Perm, Voronezh, Saint-Petersburg, Krasnoyarsk, Tver, Nizhniy Novgorod, Omsk and Rostov-on-Don and representative office in London.

About RusRating
www.rusrating.ru.

ZAO RusRating is an independent rating agency accredited by the Ministry of Finance of the Russian Federation. The company was set up in 2001 and is a member of the Global Rating group. Its primary services are the provision of credit ratings to banks, industrial firms and their bonds; it also provides analysis of various aspects of the Russian financial sector.

Disclaimer
The rating agency reports are publicly accessible information. These reports do not represent SDM-Bank's opinion and are presented as references. SDM-Bank accepts no liability for the completeness, timeliness, accuracy or selection of such information.
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