August 23, 2013 international rating agency Fitch Ratings has assigned ‘B+’ long-term foreign and local currency issuer default rating (IDR), ‘B’ short-term foreign currency IDR, ‘A-(rus)’ national long-term rating, ‘b+’ viability rating, ‘5’ support rating and ‘NF’ support rating floor to Asian-Pacific Bank. The outlook is stable.

Among factors that positively influenced assessment of the Bank, the agency indicated solid profitability, reasonable diversification and reported asset quality metrics, sound liquidity and good position of the Bank in its core regions – Far East and Siberia. The assigned ratings also reflect the risks stemming from the Bank’s limited nation-wide franchise, rapid growth of retail loan portfolio on the vulnerable consumer finance market and moderate capital position.

“We welcome Fitch Ratings’ decision on assigning the rating to the Bank. The assigned rating is a confirmation of our strong positions, stability and transparency of the Bank’s business, taking into account current situation in the economy and banking sector,” commented Mikhail Pavlov, Deputy Chairman of the Executive Board of Asian-Pacific Bank. “This is the second rating assigned to the Bank by international rating agencies, which provides our partners and customers with an additional source of reliable information about financial condition of APB. We are pleased that the Bank's business and the potential of our development are duly appreciated.”

Asian-Pacific Bank has the following credit ratings:

- long-term local and foreign-currency deposit ratings B2 by Moody`s
- standalone E+ bank financial strength rating (BFSR) and Not Prime short-term bank deposit ratings by Moody`s
- bank credit rating A+ by Expert RA.