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18 December, Monday

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Bashkortostan Microfinance Centre was rated as "highly reliable"

Economy/Business

The rating agency "Expert RA" assigned ANO "Bashkortostan Microfinance Centre" the rating A.mfi "High level of reliability", "positive" forecast.

High level of loan security and capital sufficiency, wide geography of activities and availability of certified information systems were marked as the key factors of such estimate, the press service of the Ministry of Economic Development RB informs.

Positive forecast means high probability of increasing the rating in the medium term.

“The agency management evaluates positively Microfinance Centre’s plans to diversify investments and improve efficiency of funds that was the reason for our positive forecast,” the head of credit institutions rating department of "Expert RA" Stanislav Volkov says.

According to the Ministry of Economic Development RB, 13 offices of ANO "Bashkortostan Microfinance Centre" function in the republic. Today entrepreneurs from cities and regions of the republic are granted preferential microloans worth over 800 million rubles at a fixed rate of 10 percent.

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