"Coalmetbank"Website of the bank: coalmetbank.ru/
OJSC Coalmetbank, currently a mid-sized Russian bank in terms of its size and volume of operations, was established in Mezhdurechensk, Kemerovo region, on July 27, 1994. In 2005, the bank’s management team moved the HQ to Chelyabinsk. The Bank is licensed for banking operations (lic. no. 2997 as of July 27, 1994). On January 01, 2013, OJSC Coalmetbank ranked 239th in assets, 360th in equity capital, 146th in retained earnings (source of information: Interfax). As of 1/1/2013, the bank operated 20 offices in Russia’s Siberian, Ural and Central federal districts. OJSC Coalmetbank participates in the Deposit Insurance Scheme.
OJSC Coalmetbank provides all principal kinds of banking products and services involving Russian rubles and foreign currencies, and is engaged in operations in the security market. The Bank focuses on operations in the stock market, lending to the real sector, primarily coal and metallurgical companies, and consumer lending within payroll card programs.
Rating Actions11.05.2016The higher sub-level reflects appreciable improvements in the quality of loans receivable, as evidenced by a more than twofold reduction in overdue debt this year (from 10.3% to 4.7%). In absolute terms, the bank increased its loan portfolio in this period by 24.5% to RUB 899.7 million as of April 115.02.2016The 'B++' rating indicates that JSC Coalmetbank qualifies as a sufficiently creditworthy borrower. The risk of a delay in meeting obligations is moderate, the full or partial debt restructuring risk is insignificant. The rating assignment was based on the Credit Rating Methodology for Banks 27.02.2015The 'B++' rating indicates that JSC Coalmetbank qualifies as a sufficiently creditworthy borrower. The risk of a delay in meeting obligations is moderate, the full or partial debt restructuring risk is insignificant.
The Bank qualifies as a mid-sized Russian credit institution in terms of t10.10.2014The rating downgrade follows a substantial deterioration in the Bank's key performance indicators as of September 1, 2014.
The Bank's liabilities have dropped by 12.1% in the wake of a reduction in the funding base: the legal entities' deposits with the Bank plummeted by 70.1%, retail d02.04.2014
The 'A' rating indicates that JSC Coalmetbank is a highly reliable borrower. Risk of a delay in meeting obligations is relatively low, restructuring risk for a loan / part of a loan is minimal.
In AK&M Rating Agency's view, the positive rating drivers for the Bank ar04.04.2013The ‘A' rating qualifies OJSC Coalmetbank as a highly reliable borrower.
We appreciate the Bank’s effective package of measures to streamline its operations in 2012, improving equity capital, high profitability and return ratios, and strong liquidity position.
In 2012, the sharehol03.02.2012
CJSC AK&M Rating Agency confirmed the ‘A' credit rating (stable outlook) assigned to OSJC Coalmetbank as per the national scale.
The ‘A' rating qualifies OJSC Coalmetbank as a highly reliable borrower.
One of the arguments supporting the rating score is that OJSC Coal24.08.201014.08.2009
