OREANDA-NEWS. Fitch Ratings has affirmed Russia-based International Industrial Bank’s (IIB) ratings at Long-term Issuer Default (IDR) 'B', Short-term IDR 'B', Individual 'D', Support '5' and National Long-term ‘BBB(rus)’. The Outlooks for the Long-term IDR and National Long-term rating remain Stable.

The ratings reflect IIB’s limited, albeit growing, franchise. The ratings also consider IIB’s strong capitalisation, good profitability results and very low loan impairment to date. Asset volumes are growing significantly, driven by expanding lending. IIB’s core focus is the large corporate segment, where it already has an established presence, although mid-sized corporates grew in importance and accounted for around 26% of end-H107 loans. Capitalisation remains strong.

At end-H107, IIB was one of the top 30 Russian banks by total assets. Business is mainly focused on larger corporates.