Urksib Capital Management (UCM), a part of the BNP Paribas group was recognized Monday with the highest rating in reliability of management infrastructure by Expert Rating Agency.
The rating was given because of the company's success in fulfilling financial obligations to clients with highly regarded management structure and utilization of human resources.
According to the rating agency's announcement, criteria that it followed in giving ratings to banks and other financial institutions included: performance figures for the first nine months of 2014, the composition of the funds that are managed by the company, business practices and financial stability inn the fourth quarter.
Despite starting and registering in 2013, the company was able to secure approximately $500 million in net assets over the course of the first nine months of 2014. The rating agency also noted that UCM showed financial stability in the final quarter of the fiscal year with a large solvency margin and equity that vastly surpassed commitments it made.