Expert Rating Agency affirms TKB BNP Paribas Investment Partners’ rating at A++

Rating agency Expert RA confirmed the rating of TKB BNP Paribas Investment Partners at A++ level with stable outlook.

In assigning the rating, Expert RA highlighted high quality risk management and the systematic investment process as key factors behind the decision. Moreover, consistently high portfolio returns and strong growth of assets under management and advisory in 2013 (+47%) were among other drivers for the rating affirmation.

According to Pavel Mitrofanov, Corporate Ratings Director of Expert RA, ”In 2013, the company’s after-tax profit increased by 55% which resulted in high profitability (ROA 2013 – 24%, ROE 2013 – 32%). The strong market position, diversified product base as well as high capital adequacy ratio have a positive influence on TKB BNP Paribas Investment Partners’ rating”. Expert RA also highlighted such factors as a conservative investment strategy for own capital (64% of own capital are invested in deposits), low infrastructure risks and a broad investor geographic footprint.