At the end of April, the Standard and Poor’s rating agency increased the long-range counterparty issuer rating for Vneshprombank from “B-” to “B”. The national scale rating of the bank increased from “ruBBB” to “ruA-”. The bank’s short-term rating remained at “C”. All ratings were assigned with a stable outlook.

The agency’s decision to enhance the profile of Vneshprombank illustrates the financial institution’s constructive course of business development. The agency also commended Vneshprombank for engaging in better-than-average asset quality monitoring and maintaining a high liquidity cushion.