OREANDA-NEWS  On 02 December was announced, that the Russian rating agency "Expert RA" confirmed the "A+" rating of Transcapitalbank " Very high level of credibility".

The Main factors that have a positive impact on the credibility of Transcapitalbank, appear to be the high quality of the lending portfolio, the low level of overdue loans and high level of secured loans. As of 01 October 2008 the level of overdue corporate and private entrepreneurs loans amounted to 0,61%, that is significantly below the average market level at the same date( 1,21%). According to RAS as of 01 July 2008 the cost of real estate, taken as collateral for the loans granted, exceeded by 1.5times the size of the lending portfolio (with guarantees and bank warranties – by 3.5times).

It positively estimates the support of Transcapitalbank by its major shareholders. In October 2008 Transcapitalbank has increased its capital by 1,05 billion rubles by means of additional equity issue, the ratio H1 reached 13.9% ( according to financial statements as of 01 November 2008). The equity stake of EBRD remained the same and amounted to 25% +1 share. The stake of German investment company DEG increased up to 10.5%. The major shareholders - individuals of the Bank remained the same: Mrs.Olga Gryadovaya (24.2% of shares), Chairman of the Management Board and MR. Leonid Ivanovskiy (13.5%), Member of the Board of Directors.

One the major shareholders of the Bank, EBRD, supports the Bank not only by the participation in the additional equity issue but also by providing funding for lending programs”.- notes the senior expert of Financial Institutions Ratings Department of the rating agency "Expert RA".