Deposit Insurance Agency Accredited LOCKO-Bank

LOCKO-Bank joined the list of banks that were accredited by Deposit Insurance Agency (DIA). The Bank has a right to participate in competitions for the selection of agent banks for the payment of insurance compensation to depositors of banks in respect of which an insured event occurred. This year total number of accredited banks is 12, and total list includes 72 banks.

This fact indicates a high level of LOCKO-Bank’s reliability. The Bank traditionally receives high appraisal of international and Russian rating agencies. In May-June 2014 Fitch Ratings affirmed the Long-term Issuer Default Rating and Viability Rating of LOCKO-Bank at 'B+' with Stable Outlook and «Expert RA» rating agency assigned ‘LOCKO-Bank’ creditworthiness rating А+ «Very high credit solvency».

Irina Grigorieva, Senior Vice President, comments:

“LOCKO-Bank’s reliability is the main indicator for clients, especially in the modern market conditions. All business processes of the bank have always been transparent and understandable not only for the regulator, but for our depositors. The Bank has the highest expert appraisal in the area of work with individuals and conservative liquidity and capital adequacy ratios.”