LOCKO-Bank is among Reliable Banks according to Forbes

LOCKO-Bank is in the rating of the most reliable Russian and foreign banks that operate in Russian Federation. This rating was published by Russian version of «Forbes» magazine. Banks were ranked by the lowest credit rating.

LOCKO-Bank has Global local currency deposit rating of «B2» (Stable Outlook) from Moody’s Investors Service and Long-term IDR of «B+» (Stable Outlook) from Fitch Ratings. Level «B» denotes banks with high financial stability and strong market positions. LOCKO-Bank took 66th line in Forbes Rating.

Forbes used seven main criteria in the analysis: Fitch Ratings, Moody`s Investors Service, Standard & Poor`s ratings, Assets, Equity, Return on equity (ROE), Capital adequacy, Large credit exposure, Individual deposits/Assets.

Victor Davydik, President of the Bank, comments:

“Reliability of the Bank is one of the main criteria in client’s assessment of the financial partner, particularly in the current market conditions. LOCKO-Bank’s reliability is supported at the high level by the international financial institutions’ presence in the ownership structure and loan portfolio quality.”