S&P: Promek-Bank unchanged

Standard & Poor's said that following the name change of Promek-Bank (BBB+(ru)) to Rusfinance Bank, the rating on the bank remains unchanged.

The agency noted that Promek-Bank's name change follows the acquisition of 100% of its participation shares by Rusfinance SAS (not rated) in July 2005.

Rusfinance SAS is a consumer finance holding company 100%-owned by the Société Générale Group (AA-/positive/A-1+), S&P said.

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