OREANDA-NEWS. Fitch Ratings has today affirmed Russia-based B.I.N. Bank's ("BIN") ratings at Issuer Default "B-" (B minus), Short-term "B", Support "5", Individual "D" and National Long-term "BB(rus)". The Outlooks on the Issuer Default and National Long-term ratings remain Stable.

The ratings reflect BIN's limited, albeit growing franchise, risks associated with the concentration of its loan book, weak profitability and potentially vulnerable liquidity, the latter as a result of high reliance on short-term retail deposits as a funding source.

However, the ratings also consider the bank's relatively low level of market risk and continued track record of good asset quality, as well as reasonable capitalisation levels. The ratings also acknowledge the bank's efforts to diversify its franchise, backed by an ongoing network expansion, both in Moscow and the Russian regions.