Moody’s has reaffirmed the rating of IFC Bank

1 November

The international rating agency Moody´s Investors Service has reaffirmed the Â3 long-term deposit rating of JSC “INTERNATIONAL FINANCIAL CLUB” (the Bank).

In its report Moody’s highlighted sufficient liquidity of the Bank and the shareholders’ support of its capital adequacy.

Moody’s noted that the Bank’s capital had considerably increased for the nine months of 2016 owing to its shareholders’ support: around RUB 10 bln. were provided for capital support in the form of financial assistance and troubled asset buyout.