RBC Rating and Banks-Rate.ru came up with a rating of Russia’s 500 largest banks. The rating contestants were ranked on the basis of several criteria, including the size of net and liquid assets, a bank’s lending portfolio, the volume of loans issued to businesses and private individuals, and a bank’s deposit portfolio. According to the ranking based on the banks’ liquid assets as of April 1, 2011, VUZ-Bank was one of Russia’s 300 largest banks, with its liquid assets growing by 49.43% in the course of one year, which secured the company a promotion in the rating by as many as fifty-seven

The international rating agency Fitch Ratings called off the ratings of Bank Rossiya, including the long-term Issuer Default Rating (which stood at B). Fitch will no longer have access to enough information needed to keep the ratings going, as the bank decided not to get rated any longer. Fitch no longer rates this bank or provides any analysis for it,’ the agency reports.

Evraz Kachkanarsky Ore Mining and Processing Enterprise’s Board of Directors recommended that the company’s shareholders vote for passing the dividend for the year 2010 at the upcoming AGM. The annual general meeting is set for June 30, 2010.

Fitch Ratings rated Russia-based Home Credit and Finance Bank at BB- in terms of long-term Issuer Default Ratings in national and foreign currencies, with Stable Rating Outlook. The bank’s ratings are supported by its good profitability, reasonable asset quality throughout the economic cycle, and clever risk management as well as its great capacity to generate monetary resources and its impressive capitalization. At the same time, even though the bank had its funds diversified considerably due to deposits, these deposits still have to stand the test of time and prove stable. What is more, the