Moody's: SKB-Bank’s rating goes up because of rising market share

The rating agency Moody's upped SKB-Bank’s international rating.

The agency’s experts explain in their report that the promotion reflects the bank’s growing share of the market: this has gone up impressively over the last two years.

According to a report compiled in accordance with the International Accounting Standards as of December 31, 2010, SKB-Bank’s consolidated assets amounted to $2.78bn, its own funds came to $198m, and its net profit reached $23.5m, the agency reports.