Moody’s has published an updated credit opinion on Asian-Pacific Bank

On April 29, 2014 international rating agency Moody’s Investors Service has published an updated credit opinion on Asian-Pacific Bank. Ratings and outlook are left unchanged. Long-term global local- and foreign-currency deposit rating is kept at B2. The outlook on the standalone E+ bank financial strength rating and all long-term ratings is stable.

Among the positive factors allowing agency to affirm the Bank’s ratings, Moody’s Investors Service citied good internal capital-generating capacity, capital increase in April this year and its anticipated support of the Bank’s growth for the next year, as well as good overall quality of the loan book to date, robust profitability and established regional retail franchise in APB’s home base - Russia's Far East and Siberian Region. In addition, agency noted adequate liquidity to date and diversified shareholder base which benefits corporate governance in Asian-Pacific Bank.