Website of the bank: baltinvestbank.com/petersburg/
OJSC BALTINVESTBANK provides the standard range of banking products and services involving Russian rubles and foreign currencies. The Bank prioritizes servicing large and mid-sized enterprises in various spheres of business in the Northwest federal district and other regions of Russia, as well as lending to SME businesses.
The Bank is headquartered at: ul. Divenskaya 1A, St. Petersburg. Apart from the HQ, OJSC BALTINVESTBANK has a branch network consisting of 6 branches, 29 satellite offices, 13 operational offices, and 8 stand-alone cash desks. The bank is currently operating in 18 regions in 5 federal districts of the Russian Federation.
|Bank, credit rating||B+**||Stable||15.12.2016|
*Date of assignment or revision of the rating
Rating Actions15.12.2016The 'B+' rating indicates that PJSC BALTINVESTBANK qualifies as a borrower with satisfactory creditworthiness. The full or partial debt restructuring risk is relatively low. The rating assignment was based on the Credit Rating Methodology for Banks and their Debt Instruments rev. February 2531.05.2016The rating upgrade reflects structural improvements in the credit institution's funding base, which made a positive impact on the breakdown of liabilities in terms of maturity. The share of liabilities maturing in more than one year increased more than 1.5 times, now exceeding 60%.
10.02.2016The outlook revision was motivated by the commencement of the turnaround procedure PJSC BALTINVESTBANK in which Absolut Bank (PAO) is engaged. The money resources allocated by the investor have substantially increased the level of highly liquid assets (to 11.8%) and improved liquidity ratios to leve19.11.2015The rating downgrade reflects the growing exposure to regulatory risks given the absence of considerable reserves of highly liquid assets and the Bank's imperfect funding base.
Another point of concern is the lack of stability in the Bank's operations resulting in a failure to honor its obl13.11.2015The negative rating action was motivated by the Bank's continued loss-making activity. For three months on end, PJSC BALTINVESTBANK has been posting a negative financial result. The Bank's loss amounted to RUB 123.4 million in October resulting in a decline in post-tax profits as of November30.10.2015The negative rating action reflects the imbalance in the Bank's lending and deposit transactions. In particular, its 9-month interest margin was RUB -62.6 million; in the third quarter of 2015, the Bank's interest expenses also stayed above the interest incomes (RUB -1.8 million).
This imba25.08.2015The 'A+' rating indicates that PJSC BALTINVESTBANK qualifies as a highly creditworthy borrower. The risk of a failure to meet obligations in time is insignificant. The rating assignment was based on the Credit Rating Methodology for Banks and their Debt Instrument rev. February 24, 2015.
The 'A+' rating indicates that OJSC BALTINVESTBANK qualifies as a highly creditworthy borrower. The risk of a failure to meet obligations in time is insignificant.
OJSC BALTINVESTBANK qualifies as a major Russian credit institution in terms of the amount of business. As of July 1, 217.07.2013
The ‘A+’ rating indicates that OJSC BALTINVESTBANK qualifies as a highly reliable borrower. Risk of a delay in meeting liabilities is insignificant.
We appreciate the Bank’s favorable net income structure, relatively low funding costs, high operating profitability and retu04.07.2012OJSC BALTINVESTBANK as a highly reliable borrower. Risk of a delay in meeting liabilities is insignificant.
OJSC BALTINVESTBANK is supported by its improving KPIs.
Over the whole period under review (2007-2012) assets of the Bank are growing. In 2011, they increased by 17.6% year-on-year. As of Ap16.02.2012The ‘A+' rating qualifies OJSC BALTINVESTBANK as a highly reliable borrower. Risk of a delay in meeting liabilities is insignificant.
OJSC BALTINVESTBANK's key performance indicators are steadily growing.
The Bank's pre-tax profit 2011 as per Form 102 was RUB 573.6 million increa25.07.201130.05.201114.01.201002.12.2008