Credit Ratings

Current Ratings Assigned by Standard & Poor's

Rating Type	Current Rating
Long-term foreign currency rating	B
Short-term foreign currency deposit rating	C
Long-term local currency deposit rating	B-
Short-term local currency deposit rating	C
Outlook	Stable

Ratings History:

2012	Аpril 26, 2012 the international rating agency Standard & Poor's Ratings Services revised Bank’s outlook to stable from negative after changing sovereign rating of the Republic of Belarus. Simultaneously the 'B-' long- and 'C' short-term credit ratings were affirmed.
2011	December 16, 2011following review of BPS-Sberbank under Standard & Poor’s revised bank criteria, Standard & Poor’s Ratings Services affirmed its “B-“ long-term and “C” short-term credit ratings.
2011	October 03, 2011the international rating agency Standard & Poor's lowered BPS-Sberbank’s long-term ratings to 'B-' from 'B' and short-term ratings to 'C' from 'B'. The rating action follows downgrade of the Republic of Belarus (the foreign currency sovereign credit ratings on the Republic of Belarus were lowered to 'B-/C'.)
2011	March 16, 2011The international rating agency Standard & Poor's lowered BPS-Sberbank long-term ratings to 'B' from 'B+'. The rating action follows downgrade of the Republic of Belarus (foreign currency B/Negative). Simultaneously, short -term ratings of the Bank were confirmed at the existing levels.
2009	December 18, 2009The international rating agency Standard & Poor's has confirmed BPS-Sberbank's Long-term and Short-term credit ratings at the existing levels: “В+/В”.
2009	Jule 06, 2009 The international rating agency Standard & Poor's confirmed credit ratings of BPS-Sberbank at all existing levels.
2008	November 3, 2008 Rating agency Standard & Poor's reviewed outlook of ratings of the Belarusian BPS-Sberbank from Stable to Negative. Long-term and short-term ratings were confirmed as B+/B. The outlook was reviewed after the similar rating decision taken in relation to the Republic of Belarus (rating of foreign currency obligations: B+/Negative/B; rating of local currency obligations: BB/ Negative /B).
2008	June 20, 2008 International rating agency Standard & Poor's has assigned to BPS-Sberbank ‘’B+’’ long-term and ‘’B’’ short-term foreign currency credit ratings. All of the Bank’s ratings carry a stable outlook. Thus, BPS-Sberbank became the first Belarusian bank which received credit ratings from Moody's Investors Service and the first one in Belarus that received credit ratings from all three leading international agencies (Fitch Ratings, Moody's Investors Service, Standard & Poor's).

Current Ratings Assigned by Moody's Investors Service

Rating Type	Current Rating
Long-term foreign currency deposit rating	Caa1
Short-term foreign currency deposit rating	NP
Long-term local currency deposit rating	B1
Short-term local currency deposit rating	NP
Bank financial strength rating	E+
Long-term foreign currency deposit rating’s Outlook	Negative
Long-term local currency deposit rating’s Outlook	Negative
Bank financial strength rating’s Outlook	Negative

Ratings History:

2011	July 22, 2011 The international rating agency Moody's Investors Service downgraded BPS-Sberbank’s long-term local currency deposit ratings to B1 from Ba3 and the long-term foreign currency deposit ratings of BPS-Sberbank to Caa1 from B3. Simultaneously, Moody’s also changed the outlook on the E+ BFSR to negative. The rating actions follow downgrade of the Republic of Belarus from B2 to B3 and the downgrade of the country’s foreign-currency bank deposit ceiling to Caa1 from B3. Moody’s assessment is that there is a very high probability of extraordinary support for BPS-Bank from its parent-Sberbank of Russia should it be needed.
2011	March 4, 2011 The international rating agency lowered Moody's Investors Service downgraded the long-term foreign currency deposit ratings of BPS-Sberbank from B2 to B3 (outlook Negative). The rating action follows downgrade of the Republic of Belarus from B1 to B2. Simultaneously, local currency deposit rating of the Bank was confirmed at the existing level with Stable outlook.
2010	May 14, 2010 The international rating agency Moody's Investors Service on May 14, 2010 has upgraded the long-term global local currency deposit rating of BPS-Sberbank to Ba3 from B1. Simultaneously, other ratings of the Bank were confirmed at the existing levels with stable outlook.
2009	December 14, 2009 The international rating agency Moody's Investors Service placed the B1 long-term local currency deposit rating of BPS-Sberbank on review for possible upgrade. Simultaneously, other ratings of the Bank were confirmed at the existing levels with stable outlook.
2009	July 14, 2009 International rating agency Moody's Investors Service assigned BPS-Sberbank with the long-term rating B2 and short-term rating of foreign currency deposits Not Prime. The agency also confirmed the Bank Financial Strength Rating (BFSR) as E+. Long-term and short-term ratings for deposits in local currency were set as B1/Not Prime. All ratings have stable outlook.
2007	October 19, 2007 International rating agency Moody's Investors Service has assigned to BPS-Sberbank B2 long-term and Not Prime short-term foreign currency deposit ratings on 19/10/2007. Moody’s also affirmed the bank’s E+ bank financial strength rating (“BFSR”) and its Ba1/Not Prime long-term and short-term local currency deposit ratings. All of the bank’s ratings carry a stable outlook.
2007	July 16, 2007 International rating agency Moody's Investors Service has assigned to BPS-Sberbank Ba1 long-term and Not Prime short-term local currency deposit ratings and an E+ bank financial strength rating ("BFSR") rating. All of the Bank’s ratings carry a stable outlook. Thus, BPS-Sberbank became the first Belarusian bank which received credit ratings from that authoritative agency.

Current Ratings Assigned by Fitch Ratings Ltd.

Rating Type	Current Rating
Long-term Issuer Default Rating (IDR)	B-
Short-term IDR	B
Viability Rating	b-
Individual Rating	D/E
Support Rating	5
Outlook for Long-term IDR	Negative

Ratings History:

2012	March 22, 2012 The international rating agency Fitch Ratings Ltd. Has affirmed the Long-term Issuer Default Rating (IDR) at 'B-' with a Negative Outlook. Simultaneously other ratings were confirmed at the existing level.
2011	August 4, 2011 The international rating agency Fitch Ratings has downgraded BPS-Sberbank’s Long-term Issuer Default Rating (IDR) to 'B-' from 'B'. The downgrades reflects Fitch's revised assessment of Belarusian sovereign and country risks. Fitch‘s opinion is that BPS-Sberbank’s Long-term IDR is driven by possible support from bank's foreign shareholder. Also Support Rating was downgraded to '5' from '4'. At the same time, other ratings of the Bank were confirmed at the existing levels.
2010	October 18, 2010 The international rating agency Fitch Ratings Ltd. has revised the Outlook on the 'B' BPS-Sberbank's Long-term foreign currency Issuer Default Rating to 'Stable' from 'Negative'. Simultaneously, other ratings of the Bank were confirmed at the existing levels.
2010	January 22, 2010 The international rating agency Fitch Ratings Ltd. has upgraded BPS-Sberbank's Long-term foreign currency Issuer Default Rating to 'B' from 'B-' and Support Rating to '4' from '5', thereby resolving the Rating Watch Positive (RWP) on the ratings. A Negative Outlook has been assigned.
2009	December 14, 2009 The international rating agency Fitch Ratings Ltd. placed BPS-Sberbank's Long-term Issuer Default Rating of “B-” and Support Rating of “5” on Rating Watch Positive. Simultaneously, other ratings of the Bank were confirmed at the existing levels.
2009	July 7, 2009 The international rating agency Fitch Ratings Ltd. confirmed Long-term IDR as "B-", and Outlook was changed from Stable to Negative".
2009	March 27, 2009 The international rating agency Fitch Ratings Ltd. confirmed credit ratings of BPS-Sberbank at all existing levels.
2008	November 12, 2008 International rating agency Fitch Ratings Ltd. affirmed BPS-Sberbank's Long-term foreign currency Issuer Default rating (IDR) at ‘B-‘(B minus). Simultaneously, other ratings of the Bank were confirmed at the existing levels.
2007	October 9, 2007 International rating agency Fitch Ratings Ltd. affirmed credit ratings of BPS-Sberbank at the existing levels.
2006	October 10, 2006 International rating agency Fitch Ratings Ltd. has upgraded Individual rating of BPS-Sberbank from "E" to "D/E". Simultaneously, other ratings of the Bank were confirmed at the existing levels.
2006	February 10, 2006 International rating agency Fitch Ratings Ltd. has upgraded Long-term rating of BPS-Sberbank from "ССС+" to "В-" and Short-term rating from "С" to "В". The Outlook for the Long-term rating is "Stable". This ratings upgrade confirms affirmative results of activity and positive dynamic of development of BPS-Sberbank and will contribute to further enhancement of the Bank’s international business.
2005	March 16, 2005 International Rating Agency Fitch Ratings Ltd. affirmed current ratings of BPS-Sberbank .
2004	December 15, 2004 International Rating Agency Fitch Ratings Ltd. upgraded the Long-term rating of BPS-Sberbank from "CCC" to "CCC+". The Bank’s Short-term rating was affirmed at "C" level. The Outlook for the Long-term rating remained "Stable". Ratings, assigned to the Bank, are currently the highest possible for the Republic of Belarus.
2004	February 19, 2004 International Rating Agency Fitch Ratings Ltd. assigned the following ratings to BPS-Sberbank: Long-term "CCC", Short-term "C". The Outlook for the Long-term rating is "Stable". BPS-Sberbank appeared to be the second bank in the Republic of Belarus, which got ratings from the international rating agency. Assignment of the rating to BPS-Sberbank became possible due to its stable and break-even operation during the last 10 years, the Bank’s openness and transactions transparency, as well as due to the conduct of audit in accordance with International Accounting Standards within last several years.