OREANDA-NEWS. May 31, 2011. According to the rating agency, the rating increase reflects a significant expansion of the Bank’s business under its new owners and stronger balance sheet figures.

The rating itself is based on the financial and image support provided by the Bank’s owner plus steady growth in market positions across various segments of the banking market.

Constraining factors include the early recovery stage of the Bank’s post-crisis business, possible operating risks in connection with the change of ownership, and the lack of a clear strategy for the Bank within the Rossia Bank group.