According to RusRating senior analyst Larisa Makarenko, the rating increase reflects the continuation of healthy development trends even under crisis conditions and a decline in reputation risks.
The rating is based on the Bank’s established business, steady development and a favourable assessment of corporate governance. Constraining factors include high exposure to securities market risks and the large impact of securities and debt market conditions on earnings performance coupled with a heavy dependence for macroeconomic stability.
ABOUT THE BANK
Trust National Bank is a major private-sector financial institution controlled by its own senior management. The Bank is developing a retail business and SME services and also retains a corporate block. TNB offers high-quality, technically-sophisticated products and has an established regional service network that handles the bulk of its operations. Management is highly professional. An investment business inherited from the affiliated Trust Investment Bank following a 2008 merger is also being actively developed.