Moody's присвоило рейтинговые оценки АО "Казинвестбанк" (Казахстан), прогноз "Стабильный"

/Moody's Investors Service, Лондон, 21.07.10, перевод и заголовок KASE/ - Сегодня рейтинговое агентство Moody's Investors Service присвоило АО "Казинвестбанк" следующие рейтинги: долгосрочный рейтинг на уровне "B2", краткосрочные депозитные рейтинги в иностранной и национальной валюте Not-Prime и рейтинг финансовой устойчивости (BFSR) на уровне "Е+". Прогноз по всем рейтингам банка "Стабильный". Согласно Moody's, рейтинг "E+" BFSR АО "Казинвестбанк" обусловлен тем, что банк имеет приемлемые системы корпоративного управления и управления рисками, а также рациональной капитализацией. Ниже приводится оригинальный текст сообщения Moody's на английском языке. Moody's assigns B2/N-P/E+ to Kazinvestbank (Kazakhstan); outlook stable London, 21 July 2010 - Moody's Investors Service has today assigned the following global-scale ratings to Kazinvestbank: a B2 long-term and Not-Prime short-term local and foreign-currency deposit ratings, and an E+ bank financial strength rating (BFSR). The outlook is stable on all of the bank's ratings. According to Moody's, Kazinvestbank's E+ BFSR, which translates into a Baseline Credit Assessment of B2, is underpinned by: (i) the bank's acceptable corporate governance and risk management systems; and (ii) reasonable capitalisation that should be sufficient to absorb loan losses within Moody's base case scenario for stress testing. However, Moody's notes that Kazinvestbank's ratings are constrained by (i) a high borrower concentration in the loan book and the customer deposit base as the top 20 loan exposures exceed 300% of the bank's shareholders' equity and the top 20 largest depositors contribute around 70% of its total customer funding; (ii) small size and underdeveloped franchise; and (iii) weak asset quality and profitability. The rating agency observes that Kazinvestbank's ratings might be adversely affected by an impairment of its loan book beyond the level currently indicated by Moody's base-case stress-testing results, or if relationships with its major clients weakened. This could lead to a notable outflow of the bank's deposit base, which is currently characterised by high single- name concentration. However, a significant strengthening of the bank's franchise and a reduction in its borrower and funding concentrations, coupled with acceptable liquidity levels and capitalization, may have medium-term positive rating implications. Moody's notes that the assigned local and foreign currency deposit ratings do not factor in any probability of systemic support in the event of a stress situation, given the bank's immaterial market shares and relatively low importance to the country's banking system. Moody's previously rated Kazinvestbank but the ratings were withdrawn on 30 March 2009 for business reasons, following an official request from the bank. At the time of the withdrawal, the bank had a BFSR of E+ and B2/Not Prime long-term and short-term local and foreign currency deposit ratings. The long-term local and foreign currency deposit ratings had been on review for possible downgrade since December 2008 but the agency was not able to conclude the review due to lack of information. Kazinvestbank's credit profile has stabilised since then as pressures on liquidity and asset quality have eased. The principal methodologies used in rating Kazinvestbank were "Bank Financial Strength Ratings: Global Methodology", published in February 2007, and "Incorporation of Joint-Default Analysis into Moody's Bank Ratings: A Refined Methodology", which was published in March 2007 and can be found at www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Rating Methodologies sub-directory on Moody's website. Headquartered in Almaty, Kazakhstan, Kazinvestbank reported total audited IFRS consolidated assets and net income of US$601 million and US$0.7 million, respectively, at year-end 2009 (US$567 million and US$2.1 million, respectively, a year before). London Armen L. Dallakyan Asst Vice President - Analyst Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 Moscow Yaroslav Sovgyra VP - Senior Credit Officer Financial Institutions Group Moody's Eastern Europe LLC Telephone: +7 495 228 6060 Facsimile: +7 495 228 6091 [2010-07-21]