Moody’s affirmed LOCKO-Bank credit rating

International Rating Agency Moody’s affirmed credit rating of LOCKO-Bank for unsecured obligation at the level of B2/ Outlook Stable. In the opinion of the Agency among positive factors are strategic focus on SME segment which has high growth potential, high level of corporate governance and risk management, high financial results and sufficient capital adequacy ratios as well as well-developed relationship with international financing institutions.

The Agency believes that further organic business growth and geographical diversification accompanied by high quality of the credit portfolio may result in rating upgrade in the future.