OREANDA-NEWS. June 04, 2010. Moody's Investors Service confirmed LOCKO-Bank’s bank financial strength rating (BFSR) of E+ which translates into a Baseline Credit Assessment (BCA) of B2 along with LOCKO’s Global Local Currency (GLC) deposit ratings of B2/Not Prime, Stable outlook, reported the press-centre of LOCKO-Bank.

In the newly published credit opinion the rating agency notes that the current rating of LOCKO-Bank reflects the Bank’s clearly defined strategy and positioning as an institution for SME lending, established relationships with international financial institutions, adequate capitalisation level and healthy recurring earnings power.

Dmitry Kryukov, Chairman of the Executive Board, said, “We remain very focused on developing our franchise and growing business volumes in the SME sector. We also believe that high corporate governance standards and sound financial performance will allow us to solidify our relations with international financial institutions and foreign banks. Consequently, we expect to improve our Bank’s funding platform.”