Alfa-Bank was the first major Russian bank to receive an international rating in China at the level of the sovereign credit rating of the Russian Federation
Alfa-Bank has received an international rating from one of the largest rating agencies in China, China Lianhe Credit Rating Co., Ltd, at the level of AA- with a stable outlook, which corresponds to the sovereign credit rating of the Russian Federation in foreign currency and confirms the high level of creditworthiness of Alfa-Bank and the stability of its business model.
The assigned credit rating reflects Alfa-Bank's position as the largest private bank in terms of assets in Russia with an ever-growing business scale.
The Bank constantly offers its clients innovative technological solutions, including in the field of foreign economic activity, where it has historically held a leading position. For example, Alfa-Bank has launched industry-specific networking platforms for entrepreneurs from Russia and China.
The development of business with China is a strategic direction for the bank. In this regard, last year the bank decided to open branches in Beijing and Shanghai.
Experts of the international rating agency in China note the systemic importance, effective corporate governance system, high quality of assets and strong own creditworthiness of the bank, which make it possible to further maintain the high performance of Alfa-Bank. The diversified structure of the loan portfolio, stable sources of operating income and a well-thought-out development strategy are highly appreciated by the Chinese rating agency and serve as the key to stable sustainable growth.
China Lianhe Credit Rating Co., Ltd. ("China Lianhe") is one of the largest credit rating agencies in China, founded in 2000 and widely recognized by Chinese investors. China Lianhe Agency provides independent and objective credit rating services to issuers in China and other countries, strictly following internationally recognized standards and focusing on international experience and the specifics of China's business environment.
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