The Association of Russian Banks and Coface are joining forces to provide small- and medium-sized Russian companies (SMEs) with a rating system that will facilitate their access to bank credit.
To develop in their home market or abroad, Russian SMEs need easier and quicker access to bank financing. They consequently have to be able to prove to banks that they are reliable and capable of meeting financial commitments.
The Association of Russian Banks (ARB) is responsible for the interests of the Russian financial system and concerned with applying the government's policy of supporting SMEs. ARB notes a lack of tools for measuring risk in its country and how this has hampered effective distribution of credit by banks to SMEs.
The Association has elected to rely on the recognised expertise of Coface, a world leader in credit insurance, company information and ratings, to develop a financial rating system for Russian companies.
