CREDIT RATING WITHDRAWAL RATIONALE
The Analytical Credit Rating Agency (ACRA) has withdrawn the A+(RU) credit rating, outlook Positive, which was previously assigned to Russian National Commercial Bank (hereinafter, RNCB or the Bank) without its concurrent affirmation. According to information from the Unified State Register of Legal Entities, Russian National Commercial Bank ceased operations on June 12, 2025 due to it being reorganized via a merger.
REGULATORY DISCLOSURE
The credit rating was previously assigned to Russian National Commercial Bank under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Banks and Bank Groups under the National Scale for the Russian Federation, Methodology for Assigning Credit Ratings with External Support, and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.
The credit rating of Russian National Commercial Bank was published by ACRA for the first time on April 11, 2017.
The credit rating was assigned based on data provided by Russian National Commercial Bank, information from publicly available sources, and ACRA’s own databases. The rating analysis was performed using the financial statements of Russian National Commercial Bank drawn up in compliance with the requirements of the Bank of Russia. The credit rating is solicited and Russian National Commercial Bank participated in its assignment.
In assigning the credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.
ACRA provided additional services to Russian National Commercial Bank. No conflicts of interest were discovered in the course of credit rating assignment.
