O1 Group becomes a shareholder in the Russian Analytical Credit Rating Agency
November 23, 2015. O1 Group including Russia, has become a shareholder (through LLC Ruver) in the Russian Analytical Credit Rating Agency (ACRA), which is currently being set up in Russia. Other shareholders include 26 Russian companies and financial institutions, among which are Sberbank, UniCredit Bank, Promsvyazbank, Gazprombank, Sistema JSFC, and Raiffeisen Bank. The constituent assembly of the Agency was held on 20 November.
The charter capital of ACRA amounts to RUR 3 billion, with each founder contributing approximately RUB 111 million, and thereby owning nearly 3.7% of the Agency's capital. This kind of shareholder structure is intended to ensure the independence of the Agency by not allowing any particular participants to dominate.
Dmitry Mints, member of the Board of Directors of O1 Group: “We think that the creation of ACRA is an important stage in the development of the Russian financial market. Being both an investor and an issuer, we are conscious of the need for a professional independent company, the opinion of which would be unconditionally recognized by the regulator and by market participants. Currently, most of the players have to orient themselves toward the ratings of western agencies, a drawback of which is reflected in their subjective attitude to Russia. That's why the creation of a national agency, with such a representative composition of members and with support from the regulator, will contribute to an increase in the transparency and objectivity of this market. For the O1 Group, to participate in the capital of ACRA, is a strategic investment, which will bring both public benefits and income for the founders in the long term.”
FUTURE Non-state Pension Fund, a non-government pension fund mainly providing compulsory pension insurance services and a part of FUTURE Financial Group, has announced financial results for nine months of 2017 (the period ending 30 September 2017), prepared in accordance with industry accounting standards.
Public Joint-Stock Company Future Financial Group (MOEX: FTRE) (hereinafter - the Company or the Group), the public company unifying several of the largest non-state pension funds in Russia, announces the unaudited financial results of the Group for H1 2017, which ended on June 30, 2017
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