OREANDA-NEWS. May 21, 2010. According to RusRating senior analyst Larisa Makarenko, the rating is based on ample liquidity reserves, a favourable assessment of capital adequacy and healthy earnings measures.

Potentially destabilising factors include a funding base dependent on retail balances and on-call resources, a likely increase in credit risks under unstable macroeconomic conditions, and modest loan loss reserves.

About the Bank:

Dagenergobank is a smaller (by assets) private-sector regional bank that operates in the Republic of Daghestan. Its owners are private individuals. Initially the Bank’s business focused on working with firms in the energy sector, but since 2003 it has been expanding its client base, particularly in the case of retail and SME services. The Bank is not active in the money, currency and securities markets.

ZAO RusRating is an independent rating agency accredited by the National Securities Market Association. The company was set up in 2001 and is a member of the GlobalRating group, which also includes rating agencies in Kazakhstan (KzRating), Armenia (AmRating) and Azerbaijan (AzeriRating). Its primary services are the provision of credit ratings to banks, leasing and industrial companies, and bonds, along with analysis of various aspects of the Russian financial sector.