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Strong and steady growing profitability |
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Corporate governance procedures are well developed by CIS standards |
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Low risk profile, thanks to adequate risk management system and management’s relatively low risk appetite |
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Risk profile of markets in which company operates |
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Some concentration of business and revenues to equity-related business |
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09-Oct-06 |
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Continued consistent financial performance |
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Sustained good capitalization |
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Leading franchise in Russian securities brokerage, research, asset management and investment banking |
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Beneficial macroeconomic environment in Russia |
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Vulnerability to economic and industry risks in Russian financial markets |
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30-May-06 |
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